Warren Buffett has dumped another $50 billion-worth of shares in Apple, halving Berkshire Hathaway’s holding in the iPhone maker since the start of the year.
Shares in the technology company will be in sharp focus after Berkshire Hathaway, the New York-listed conglomerate led by the “Sage of Omaha”, sent a bearish signal to the market by selling about 390 million shares in Apple during the second quarter, leaving it with 400 million shares worth about $84.2 billion.
Apple remains Berkshire Hathaway’s largest investment by far, with five companies — American Express, Bank of America, the Coca-Cola Company and Chevron Corporation, alongside Apple —accounting for 72 per cent of the value of the portfolio.
Apple shares have risen almost 30 per cent since the start of May
JONATHAN BRADY/PA
The disclosure comes amid a broader sell-off in technology stocks, as a