Warren Buffett Sells Apple Stock, Buys Restaurant Stock Up 3,100% Since IPO | 28.12.24

Warren Buffett reportedly manages about 90% of Berkshire Hathaway’s (NYSE: BRK.A) (NYSE: BRK.B) equity portfolio, while understudies Todd Combs and Ted Weschler handle the rest. The company doesn’t reveal which investment manager makes each individual trade, but Buffett is almost certainly in charge of large positions like Apple (NASDAQ: AAPL). Despite once calling Apple the “best company” in the world, Buffett sold 100 million shares in Apple (NASDAQ: AAPL). in the third quarter, reducing Berkshire’s stake by 25%. And while Apple was still the company’s largest holding as of September 30, Buffett has now sold more than 615 million shares over the past four quarters. Meanwhile, Berkshire took a very small position in Domino’s Pizza (NYSE: DPZ) in the third quarter. quarter. This stock is up 3,100% since its July 2004 IPO, but it has struggled more recently. Stocks have fallen 21% over the past three years, despite the S&P 500 gaining 28% during that time.Continue readingMore articles on MotleyFool More articles on MotleyFool