Decoding Warren Buffett’s stake reductions in Apple, BofA
Berkshire Hathaway (BRK-B, BRK-A) CEO and chairman Warren Buffett has trimmed the holding company’s stake in Apple (AAPL) and Bank of America (BAC). Berkshire Hathaway continues to be the largest Bank of America shareholder.
To talk more about Buffett’s and Berkshire’s latest portfolio moves, Portfolio Wealth Advisors President and CIO Lee Munson joins the Morning Brief.
“Warren Buffett has made an amazing amount of money on Apple. It’s still going to be his largest position. He’s going to have about $100 billion of it… that he has after these sales. I think investors shouldn’t read too much into it," Munson explains to Brad Smith and Madison Mills, underlining how investors may be viewing Berkshire’s stake in smaller companies like Ulta Beauty (ULTA) and Heico (HEI).
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