Lates News

According to the Financial Times, Warren Buffett's Berkshire Hathaway company disclosed a $4.3 billion stake in Alphabet while cutting its holdings in Apple. This may be one of the last batch of new stock positions added by Berkshire before Buffett's retirement at the end of this year. This move deviates to some extent from Buffett's philosophy of choosing long-term value stocks over high-growth companies. At the same time, Buffett sold about $11 billion worth of Apple stock in the third quarter. Aside from Apple and Alphabet, Berkshire Hathaway's largest holdings do not include investments in large tech companies. Its other major positions include American Express, Bank of America, and Coca-Cola, which remained largely unchanged in the third quarter.