
Warren Buffett’s investment company, Berkshire Hathaway, has made significant changes to its portfolio in recent months. SEC filings show that from October 2022 to June 2024, Berkshire sold about $132 billion more in stocks than it bought. One of the most notable changes was the reduction in Berkshire’s stake in Apple.
Over a three-quarter period, Berkshire’s holding in Apple declined by more than 515 million shares, or 56%, to 400 million shares. Buffett has praised Apple’s strong branding and customer loyalty, but the company’s growth has stalled, especially in sales of its physical devices over the past two years. Instead, Buffett and his team have turned their attention to Sirius XM Holdings, a satellite-radio operator that completed a reverse stock split this year.
Sirius XM merged with Liberty Media’s Sirius XM tracking stock, consolidating its shares and completing a 1-for-10 reverse split, lifting its share price from the mid-$2s to the mid-$20s.
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