Warren Buffett dumps $800 million worth of Apple stock, still has $72B

Warren Buffett-led Berkshire Hathaway still holds around $72 billion worth of Apple shares, or 5.6% of the company.

| Feb 18, 2020 at 9:43 pm CST

Warren Buffett has just offloaded $800 million worth of his Apple shares in the last quarter, according to SEC filings secured by Business Insider.

Warren Buffett dumps $800 million worth of Apple stock, still has $72B | TweakTown.com

Berkshire Hathaway, where Buffett is the CEO, offloaded 3.7 million Apple shares between the months of October and December 2019 when Apple share prices increased by over 30% from $219 to $294. Even with the offloading of 3.7 million shares and securing $800 million, Berkshire Hathaway still holds $72 billion worth of Apple stock -- or around 5.6% of Apple.

In saying that, the $72 billion worth of Apple stock represents over 32% of Berkshire Hathaway's entire portfolio. The investment firm purchased its first loads of Apple stock in 2016, when Apple stock was sitting at around $100 -- Buffett's company spent $1 billion on 9.8 million shares at the time.

Last updated: Jun 16, 2020 at 04:29 pm CDT

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