Is this a sign? Warren Buffett’s latest move on Apple stock continues to baffle investors. But there could be something else behind it all

Warren Buffett, the legendary investor nicknamed “the Oracle of Omaha” (and “Fireball” by his father), is famous for his smart investment choices. So when it was revealed that his company, Berkshire Hathaway sold half of its Apple sharesMany investors were puzzled, trying to figure out what this meant.

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Is this just a coincidence, or is there more to it? Some experts believe Buffett prefers round numbers, so stopping at 400 million shares wouldn’t be a problem. Others see Buffett positioning Apple as a key long-term investment, much in the same way he views Coca-Cola.

In the first quarter of 2024, Berkshire Hathaway sold more than 100 million shares of Apple stock, and in the second quarter, it sold another 390 million shares. Despite this massive selloff, Apple remains Berkshire Hathaway’s largest public investment, with approximately 400 million shares worth nearly $90 billion.

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Here are Berkshire Hathaway’s top five holdings as of June 30, 2024:

• Apple (AAPL)

  • Number of shares held: 400,000,000

  • Holding value: $84,248,000,000

  • Portfolio percentage: 30.52%

• Bank of America (BAC)

  • Number of shares held: 942,429,882

  • Holding value: $37,225,980,339

  • Portfolio percentage: 13.48%

• American Express (AXP)

  • Number of shares held: 151,610,700

  • Holding value: $35,105,457,585

  • Portfolio percentage: 12.72%

• Coca-Cola (KO)

  • Number of shares held: 400,000,000

  • Holding value: $25,460,000,000

  • Portfolio percentage: 9.22%

• Chevron (CVX)

  • Number of shares held: 118,610,534

  • Holding value: $18,553,059,728

  • Portfolio percentage: 6.72%

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His sale of Apple is surprising because Buffett has always been a big fan of Tim Cook, Apple, and their products. We could hear him talking about his admiration for the company’s loyal customer base. He even once said that people would abandon their cars before they give up their iPhones.

Additionally, the last time BH sold a large amount of Apple stock, his longtime partner Charlie Munger, I told him, “It was probably a mistake.” So why would he sell such a large chunk of Apple stock now?

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Buffett’s decision to sell a large chunk of Apple stock is similar to how he handled his investment in Coca-Cola. A few years ago, he bought a lot of Coca-Cola shares and held on to them for decades, even after the stock split. Today, he owns 400 million shares of Apple and Coca-Cola, leading some to believe that this figure could mean he’s done selling Apple and plans to keep it as a long-term part of his portfolio.

Interestingly, even when Buffett was selling Apple, Other major investors have doubled down on their efforts on the stock. For example, Jennison…