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Berkshire Hathaway sells 13% of AAPL stock. Now holding $189 Billion in Cash.
Posted on 5/4/24 at 10:09 pm
Posted on 5/4/24 at 10:09 pm
Buffett said that with the current state of the market that he doesn't mind hoarding cash.
This is the 2nd quarter in a row that he has cut his Apple holding.
He said that at the end of 2024 that Apple will "likely still be Berkshire's largest holding".
That's an ominous statement considering Apple is far and away its largest holding right now.
Buffett said he doesn't really see any opportunities at this time, maybe down the road.
Will be interesting to see how the market & Apple react Monday.
He sounded far from his usual optimistic self today regarding the market.
This is the 2nd quarter in a row that he has cut his Apple holding.
He said that at the end of 2024 that Apple will "likely still be Berkshire's largest holding".
That's an ominous statement considering Apple is far and away its largest holding right now.
Buffett said he doesn't really see any opportunities at this time, maybe down the road.
Will be interesting to see how the market & Apple react Monday.
He sounded far from his usual optimistic self today regarding the market.
8
Posted on 5/4/24 at 11:58 pm to Oracle of Orlando
All In podcast said there has been historically a correlation between how many times Buffett mentions a company in his annual letter, how much of that company's stock they hold onto, and that company's stock performance in the coming years.
Apple had the fewest mentions, Buffett started to shrink his position, Apple stock could be questionable for a bit.
Apple had the fewest mentions, Buffett started to shrink his position, Apple stock could be questionable for a bit.
Posted on 5/5/24 at 12:37 am to Oracle of Orlando
I don’t trust Greg Abel one bit.
Posted on 5/5/24 at 6:57 am to Oracle of Orlando
quote:
Now holding $189 Billion in Cash.
Prepping to go all in when the crash we've been waiting for of the last 3 actually happens
Posted on 5/5/24 at 8:58 am to Thundercles
Im guessing AAPL will be back down to 175 tommorrow then who knows where from there? The earnings were not great so i could see a slow drift back into the 160's.
This post was edited on 5/5/24 at 8:59 am
Posted on 5/5/24 at 9:10 am to FLObserver
I have been adding between $165 and $175. Will double my position below $165.
Posted on 5/5/24 at 9:31 am to Oracle of Orlando
Apple isn't innovating anymore. They just scrapped their car program. Their headsets were largely seen as a joke. Looked like something from a Wes Anderson movie about tech.
They're a hardware producer who hasn't had a major hardware innovation since the iPad. The landscape is changing into valuing software, especially AI.
They need to buy Disney.
Imagine where they would be without Google paying them so much to be the default search every year. Now, can Apple make an AI that replaces Google search? And how long would it take for this to be more profitable than what they're paid by Google?
They're a hardware producer who hasn't had a major hardware innovation since the iPad. The landscape is changing into valuing software, especially AI.
They need to buy Disney.
Imagine where they would be without Google paying them so much to be the default search every year. Now, can Apple make an AI that replaces Google search? And how long would it take for this to be more profitable than what they're paid by Google?
This post was edited on 5/5/24 at 9:34 am
Posted on 5/5/24 at 9:44 am to Oracle of Orlando
Warren Buffet selling your stock has been a good thing lately. 
Posted on 5/5/24 at 10:05 am to Oracle of Orlando
He has held large amounts if cash forever. $189B is a lot. Buffet is probably thinking that $189B ain't what it used to be. Lol.
Posted on 5/5/24 at 11:06 am to KWL85
Buffett is a value investor.
Reduced his position in AAPL not sold it completely.
Market has had a great run so probably forecasting a correction.
AAPL just announced a huge buyback program.
Reduced his position in AAPL not sold it completely.
Market has had a great run so probably forecasting a correction.
AAPL just announced a huge buyback program.
Posted on 5/5/24 at 11:09 am to KWL85
quote:
He has held large amounts if cash forever. $189B is a lot. Buffet is probably thinking that $189B ain't what it used to be. Lol.
That's not true.
In the early/mid 90's, when the market was roaring, he only had around a Billion in cash.
In 1999, right before the market crash, he raised his cash position 10x to $10 Billion.
When the market crashed in 2000/2001 he went on a spending spree and his cash dropped to $2 Billion.
In 2006/2007, right before the financial crisis, he was hoarding cash and his cash stock pile was at a then record high $50+ Billion.
In 2009/2010 his cash position dropped to $25 Billion as he went on a shopping spree when the market crashed.
In 2022 his cash position was $100 Billion
His cash position is now $189 Billion, up over 10 percent from last quarter and up nearly 100 percent in less than 2 years.
He said he expects his cash hoard to continue growing, and that while rates currently provide a nice return, that he wouldn't be deploying his cash even if he were only earning 1 percent on that cash.
He also sold stocks last quarter at the highest rate in years.
People have this misconception that Buffett is just a "buy & hold" guy because he's owned KO (Coca Cola) forever.
Warren obviously thinks that there is a lot more risk than reward currently,
Based on the rate that he is dumping stocks & piling cash makes you wonder if he's not expecting something much worse.
He's not always right, but he is the greatest investor in the last century.
This post was edited on 5/5/24 at 12:41 pm
Posted on 5/5/24 at 12:10 pm to Oracle of Orlando
From an Investing perspective, The ONLY reason Apple is relevant is because they have a huge ecosystem moat that prior innovation created. Nobody wants to be bothered by importing contacts, moving pictures around, etc,. So people continue to upgrade the iPhone hardware steadily but more importantly they continue to upgrade their service plans. Every few years you need more storage. That is the only thing keeping them “growing” at this point. The margins are insane. They’re also fabulous financial engineers.
The buyback is good for the value, but signals they have nothing better to do with 110 billion. This is after wasting 10 billion on a car. A company who has never manufactured anything with a moving part was going to make a car. It’s laughable in hindsight.
They could have spent that 10 billion tiring Siri into something useful with AI. Tim is an excellent operator but extremely lame with innovation and excitement.
The buyback is good for the value, but signals they have nothing better to do with 110 billion. This is after wasting 10 billion on a car. A company who has never manufactured anything with a moving part was going to make a car. It’s laughable in hindsight.
They could have spent that 10 billion tiring Siri into something useful with AI. Tim is an excellent operator but extremely lame with innovation and excitement.
Posted on 5/5/24 at 12:15 pm to TigerDeBaiter
I've owned AAPL for well over a decade. I think my avg is $17/share or so. I started trimming it last year. It was just such an outsized position for me, and I just didn't see where the growth is anymore.
Even after selling half, it's still my 2nd largest individual stock holding. I'm not sure what I'll do with the rest at this point.
Even after selling half, it's still my 2nd largest individual stock holding. I'm not sure what I'll do with the rest at this point.
Posted on 5/5/24 at 2:20 pm to fallguy_1978
quote:
I've owned AAPL for well over a decade. I think my avg is $17/share or so. I started trimming it last year. It was just such an outsized position for me, and I just didn't see where the growth is anymore.
Even after selling half, it's still my 2nd largest individual stock holding. I'm not sure what I'll do with the rest at this point.
That's how you do it.
Some people fall in love with a stock and ride it up, only to ride it back down.
I know a DELLionaire that did just that.
Posted on 5/5/24 at 2:27 pm to Oracle of Orlando
quote:
Some people fall in love with a stock and ride it up, only to ride it back down.
Yeah, people get attached to their investments. I've learned over the years how to take a profit.
I'm not bearish on AAPL, but sort of neutral. They have a huge install base and pretty wide moat, but they are still pretty much an iPhone company.
Posted on 5/5/24 at 2:33 pm to Oracle of Orlando
So every example you cite is a large amount of cash to me, so don't agree with your stance saying otherwise
This post was edited on 5/5/24 at 2:36 pm
Posted on 5/5/24 at 2:36 pm to KTiger85
quote:
So every example you cite is a large amount of cash to me, so don't agree with your stance saying otherwise
Just take the L bro
Posted on 5/5/24 at 4:42 pm to kaaj24
quote:
Buffett is a value investor.
Not sure why anyone including Buffet still claims this. Apple was a growth stock, not a value stock when he initially bought it, and that’s arguably been his most successful investment.
Posted on 5/5/24 at 4:52 pm to Shepherd88
Has anyone done the math on how much money buffet has lost by holding cash instead of just having it sit in the S&P 500?
It has to be well over 200 billion.
It has to be well over 200 billion.
Posted on 5/5/24 at 4:58 pm to I Love Bama
quote:
Has anyone done the math on how much money buffet has lost by holding cash instead of just having it sit in the S&P 500?
Berkshire Hathaway has an average return of over 20 percent a year for the entire history of the company,
During that same time frame the S&P has average what ? 7 percent ?
Yeah, that Buffett is a real dummy
This post was edited on 5/5/24 at 5:00 pm
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