Warren Buffett Continues to Sell Apple and Bank of America, And It Could All Be Due to This One Big Risk

Warren Buffett's conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) reported third quarter results last Friday, with somewhat surprising news. Berkshire continued to sell down its largest equity holdings Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) in significant fashion.Berkshire sold another 25% or so of its Apple stock, bringing total year-to-date sales to 600 million shares, or around two-thirds of its stake since the beginning of the year. Additionally, Berkshire sold another several billion dollars worth of Bank of America, which had been the conglomerate's second-largest holding.Not only that, but Berkshire also didn't repurchase any of its own shares for the first time since mid-2018. All told, Berkshire's cash pile swelled to a whopping $325.2 billion, up from $276.9 billion at the end of June. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool