Warren Buffett Has Sold Over 950 Million Shares of Apple and Bank of America. But the Billionaire Has Made a Killing on 1 Stock He Hasn't Touched in 27 Years

2024 turned out to be a bit of an odd year for Warren Buffett and his company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Berkshire's stock performed well, with class B shares generating a 27% return and beating the broader market's 23% return.However, Buffett made many moves indicating that he views the market, or at least broad swaths of the market, as overvalued. Berkshire hoarded cash, was a net seller of stocks, and sold big parts of two of its largest positions -- Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC). Yet Berkshire didn't touch shares of one of its largest longtime holdings, which it's made a killing on.Buffett has never preached diversification, believing it's a poor excuse for ignorance. When he sees something he likes he doesn't mess around; such was the case with the consumer tech giant Apple. Berkshire first bought the stock in 2016 and built the position to around 40% of its massive (roughly $296 billion) portfolio. Buffett did the bulk of his buying when Apple traded below $50 per share. Today, the stock trades at $240 per share.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool