Berkshire Hathaway Trims Apple Stake and Boosts Cash Reserves Ahead of Annual Meeting

Berkshire Hathaway, led by Warren Buffett, prepares for its annual meeting after reporting record cash reserves of $189 billion.

  • Berkshire Hathaway, led by Warren Buffett, prepares for its annual meeting after reporting record cash reserves of $189 billion.
  • The conglomerate reduced its stake in Apple by 13%, with concerns arising about the size of its investment in the tech giant’s stock.
  • Shareholders gather eagerly for insights into Berkshire’s future direction, succession planning, and responses to market challenges.

As Berkshire Hathaway gears up for its annual meeting, Warren Buffett’s conglomerate has caught attention with record cash reserves of $189 billion. However, amidst this financial milestone, Berkshire made headlines by trimming its stake in Apple by 13%. This move has raised eyebrows among shareholders, given Buffett’s previous praise for Apple’s leadership and its prominent position in Berkshire’s portfolio.

The reduction in Apple shares comes at a time when questions loom over Berkshire’s future strategies and responses to market dynamics. With Vice Chairman Greg Abel expected to take on a significant role, succession planning is also in focus, particularly following the recent passing of Buffett’s longtime partner, Charlie Munger. Shareholders from around the globe are gathering for insights into Berkshire’s diverse range of businesses and its plans for navigating challenges ahead.

While Berkshire’s strong performance over the years has earned investor confidence, concerns persist about its adaptability to evolving market conditions. As the meeting unfolds, shareholders are poised to address key topics, including the company’s cash reserves, potential acquisitions, and Buffett’s stance on various proposals, such as those related to climate and diversity.