Berkshire Hathaway (BRK.A; BRK.B) on Saturday reported its profit fell in the third quarter while its cash pile swelled to a record as it trimmed its stakes in Apple (AAPL) and Bank of America (BAC).
Warren Buffett's Berkshire Hathaway unloaded 25% more of its Apple position during the third quarter.
Berkshire Hathaway reduced its Apple stake again in the third quarter of 2024. Warren Buffett's company has now cut its shares in Apple by two-thirds over the last year.
The Omaha-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.
The conglomerate's cash pile tops $300 billion for the first time.
Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, selling more Apple shares and boosting cash to a record $325.2 billion, while the company's operating pro
Warren Buffett's Berkshire Hathaway sold 300 million shares of Apple in its latest quarter.

Berkshire Profits Fell 6% in Third Quarter

08:17am, Saturday, 02'nd Nov 2024
Warren Buffett's Berkshire Hathaway said operating profits fell 6% in the third quarter, to $10.1 billion.
The billionaire has proven his knowledge of stocks and the market over time.
The Investment Committee debate the latest Calls Of The Day.
Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) is set to report its third-quarter earnings on Saturday morning. Here are some things investors will be watching out for.
Money manager Chris Davis likens today's lofty stock market to the Nifty Fifty era. When the indexes sold off, stockpickers prospered.
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Wall Street's most unique stock split of 2024 is a stone's throw away from its cheapest valuation in 30 years as a publicly traded company.
Berkshire, controlled by Warren Buffett, now owns more than 33% of the satellite radio operator.
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