Berkshire Hathaway released its latest quarterly report on Saturday with a telling number: the Warren Buffett-led conglomerate now owns only $84.2 billion in Apple stock, down nearly 50% from the $174.3 billion it held in December. Apple shares dropped more than 5% in response to the news Monday.
The report shows that, as of December 31, 79% of the combined value of all of Berkshire’s stock came from five companies: Apple ($174.3 billion), Bank of America ($34.8 billion), American Express ($28.4 billion), Coca-Cola ($23.6 billion) and Chevron ($18.8 billion).
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By June 30, Berkshire changed its holdings where the same five companies were 72% of
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