Berkshire Hathaway, led by Warren Buffett, increased its cash reserves to nearly $277 billion by June 30, 2024, reflecting a cautious stance on the stock market. The company sold about half of its Apple stake, reducing holdings to around 400 million shares valued at $84.2 billion. This move comes as Berkshire reported a record quarterly operating profit. The increase in cash and reduction in Apple shares indicate Buffett’s growing concern over high market valuations and broader economic uncertainties. For investors, this suggests a shift towards a more defensive investment strategy.
Buffett Reduces Apple Stake and Boosts Cash Holdings Amid Market Uncertainty
