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Warren Buffett Keeps Dumping Apple Shares: Here's the Stock He Is Buying Instead


Another quarter, another Apple (NASDAQ: AAPL) sale from Warren Buffett. The legendary investor sold a massive chunk of Apple stock yet again in the third quarter, estimated to be worth more than $20 billion, or 100 million shares. Berkshire Hathaway -- the company Buffett controls -- still owns $70 billion of Apple stock, but it is now a much smaller position than at the start of the year.

Why is Buffett selling? This article will get into the likely culprit a little later. More importantly, what is Buffett buying today? Not much, but Berkshire Hathaway did take a stab and acquired 3.5% of Domino's Pizza (NYSE: DPZ) last quarter. Here's why the company may look attractive to Buffett and his investment team at the moment.

The Apple investment has generated over $100 billion in capital gains for Berkshire Hathaway. Throughout 2024, Buffett has begun to realize a lot of these gains, raising Berkshire Hathaway's cash position to more than $300 billion.

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Source Fool.com

Berkshire Hathaway Inc. A Stock

€685,000
1.030%
Berkshire Hathaway Inc. A gained 1.030% today.
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 650000 € is below the current price of 685000.0 € for Berkshire Hathaway Inc. A, so the potential is actually -5.11%.
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