Warren Buffett’s Berkshire Hathaway trimmed its holdings in Apple last quarter while starting a stake in the New York Times.
CNBC reported that the Omaha-based company reduced its position in Apple by 4.3 percent to $61.96 billion. The reduction was disclosed in a securities filing. The station noted the conglomerate had previously reduced its stake in Apple in the second quarter of last year.
The station reported that among Berkshire’s buys was the New York Times, disclosing a $351.7 million stake.
Forbes reported that Apple remains the conglomerate’s largest holding, comprising 23 percent of its portfolio. However, Forbes noted that Berkshire Hathaway began reducing its Apple position in 2024 and that Apple once represented 50 percent of its portfolio.
According to Forbes, Berkshire’s $274.2 billion portfolio includes 42 companies, but remains top-heavy, with the top five holdings accounting for 70.9 percent of the total. Those five companies are Apple (AAPL), American Express (AXP), Bank of America (BAC), Coca-Cola (KO), and Chevron (CVX).
For perspective, the New York Times stake ranks 29th in the portfolio.
In other moves, Berkshire reduced its holding in Amazon by 77 percent, 24/7wallst.com reported. The conglomerate began building its position in Amazon in 2019, with its holdings eventually growing to 10 million shares. However, in the fourth quarter of last year, Berkshire sold 7,724,000 shares leaving it with only about 2,276,000 shares valued at $525 million.
