00:03:48 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 10,500,000
Close 2024-11-04 C$ 32.60
Market Cap C$ 342,300,000
Recent Sedar Documents

Globe/AP say Berkshire sells Apple stock

2024-11-04 07:52 ET - In the News

See In the News (C-BRK) Berkshire Hathaway CDR (CAD Hedged)

The Globe and Mail reports in its Monday, Nov. 4, edition that Warren Buffett now has over $325-billion in cash after selling shares of Apple and Bank of America, while continuing to earn profits from Berkshire Hathaway's diverse businesses without making major acquisitions (all figures U.S.). An Associated Press dispatch to The Globe reports that Berkshire sold about 100 million more Apple shares in Q3 after halving its investment last quarter. Its remaining 300 million shares were valued at $69.9-billion at the end of September, significantly down from $174.3-billion at the end of last year. Additionally, Berkshire did not repurchase any of its own shares in the quarter. CFRA Research analyst Cathy Seifert said shareholders will wonder why Mr. Buffett is continuing to accumulate so much cash. She said, "Are they more pessimistic about the future economic and market picture than perhaps others are?" Mr. Buffett mentioned in May that he began selling some Apple shares due to anticipated higher tax rates. Analyst Jim Shanahan speculated that the sales could also relate to the recent death of vice-chairman Charlie Munger, noting that Mr. Buffett has never been as comfortable with technology businesses as Mr. Munger was.

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