Warren Buffett Just Sold $20 Billion of Stock

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Warren Buffett just dropped a bombshell, in the last 3 months he’s sold about 13% of his Apple investment.

The quarterly filing released over the weekend revealed that he holds about 790 million shares of Apple, about 120 million less than the previous quarter.

That’s a whopping $20 Billion sale of stock, the equivalent of him selling his entire Coca Cola investment.

And it’s not like he needs the cash, he already has $190 Billion sitting on the side lines.

Fortunately for us, just 3 hours after the filing was released, Buffett took the stage for the Berkshire Hathaway shareholder meeting and explained why he decided to sell, and whether he plans on selling more throughout the year.

Surprisingly, his reasoning is probably not what you’d expect.

In fact, Apple isn’t even the only stock he’s been selling so let’s dive into this enormous sale of Apple stock, the other stocks he told us he’s been selling and also Buffett’s view on whether the stock market is potentially in a bubble.

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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

[HamishHodder]

Thanks Morning Brew for my daily news briefing - sign up for free here

[DorathyJoy]

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[shibanewyork-xmoy]

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[IOFLOOD]

He really gave a non-answer about selling Apple stock. Don't think you can take his stated reasons seriously. Let's be clear -- there's 3 reasons Buffet sells a stock: 1. he thinks the stock is overvalued. 2. he thinks the company's fundamentals have eroded. 3. He has an even better investment opportunity. He has excluded the possibility of 3. So he either thinks the price is too high, or the business is facing longer term headwinds that aren't priced into the stock. Any other answer is just fluffery to try to protect the value of the rest of his position.

[c.t.u.o]

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $100K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

[johnsonstrapsman]

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[davidjones]

Weird to see the absence of munger at the meeting 😢

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[Devcrown-nvby]

He knows that Apple is about to have problems with manufacturing in China.

[connorferguson]

Apple is overvalued, the other reasons he gave was to quell his investers winjing.

[FrankBritton-gfvw]

Hi Hamish,

I love the comprehensive cover of Buffett especially as a fellow Buffett enthusiast living in Australia.

One thing I also think has been over looked here, (correct me if I’ve missed it) is the fact that Buffett has also lost money in the positions he’s sold including the paramount holding you mentioned. It’s likely he’s is also offsetting the capital gains with the capital losses, meaning he’ll likely not pay that much tax on his gains and makes a perfect opportunity to reset his cash position and put it to great use when the stocks do go on sale.

I think you’re on the money and Buffett is so large he can’t exit too much at once. I think he is waiting for the yield curve to un-invert.

Buffett knows there is trouble ahead.

[Susanhartman.]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.

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[kennethprocak]

Notice the comments is full of money management advisory shark promoters!

[timw]

You will notce he is trimming his positions not liquidating them.