Warren Buffett's Berkshire Hathaway slashes Apple stake

Berkshire Hathaway (BRK-B, BRK-A) cut its holdings of Apple (AAPL) shares by nearly 50% in the second quarter. The Warren Buffett-led company has been trimming its stake in the tech giant for the past several quarters.

Morning Brief anchors Brad Smith and Seana Smith discuss the move in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.

Video transcript

Warren Buffett's Berkshire Hathaway, slashing its position in tech company Apple by nearly half in second in the second quarter company stake, now sitting at about $84 billion.

That's down from 100 and $40 billion at the end of March.

You're taking a look at Apple shares.

They're down by about 10%.

And this gets back to what we were talking about earlier in that if you do see Berkshire Hathaway slash certain positions, or at least do some concerted or calculated profit taking right now until you see them put that cash back to work, some of the bears are gonna come into play and certainly have a more outsized voice in this market where it's it's very easy for a bear to kind of have their voice very loudly known at this juncture.

Yeah, if you guys can put up the apple in today and what we're seeing here at the Open, I just want to double check that this stat is still correct here.

But we are seeing the significant OK, we're having some trouble with our charts.

Here we are seeing the significant move lower in Apple.

I believe it raised just about $300 billion from its market cap right at the Open if those losses that we had been seeing in earlier trading, at least during the pre market, had held here throughout the open.

So again, some key technicals to keep in mind when you talk about some of the pressure, just the the extent of the selling that we are seeing play out right now and what exactly that means here have been down just about 11%.

So now that we're seeing losses of just under 10% that's no longer holding there, but again, just putting this into context here, the sell off.

It's second only to NVIDIA in terms of that market cap destruction and what we are seeing play out within the broader tech sector.

So again, Apple caught off with the broader weakness that we're seeing play out.

Obviously, the fact that Buffett Berkshire Hathaway here trimming a state pretty sig significantly substantially within Apple is not helping matters at all.

So, again, you were seeing Apple, one of the worst performers here this morning,