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Berkshire Hathaway reduces Apple stake and increases cash amid market volatility
Warren Buffett’s Berkshire Hathaway has reduced its Apple stake by selling 100 million shares, bringing its holdings to $69.9 billion from a peak of $178 billion. This shift reflects a cautious investment strategy amid market uncertainty, with cash reserves now at a record $325.2 billion, primarily in short-term US Treasury bills. Quarterly operating profits fell 6% year-over-year to $10.1 billion, impacted by significant insurance losses and a $535 million asbestos settlement.
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