tiprankstipranks
Buffett sees Apple remaining top holding, exited Paramount stake
The Fly

Buffett sees Apple remaining top holding, exited Paramount stake

Even though Berkshire Hathaway (BRK.A, BRK.B) sold about 13% of its stake in Apple (AAPL) in the first months of 2024, leaving it with a $135.4B stake at the end of March, Warren Buffett said yesterday that Apple is “an even better business” than American Express (AXP) and Coca-Cola (KO), two other large positions of Berkshire. “Unless something really extraordinary happens we will own Apple, American Express and Coca-Cola when Greg takes over this place,” Buffett said, referring to Greg Abel. Buffett added that Apple is “extremely likely” to remain the company’s largest stock position at the end of the year. At yesterday’s annual meeting, Buffett also revealed Berkshire sold its entire stake in Paramount Global (PARA). “We’ve sold it all, and we lost quite a bit of money,” said Buffett, wo added, “I did it all by myself.”

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App