Mega-investor Warren Buffett’s conglomerate, Berkshire Hathaway (BRK.B), sold $38.9 billion worth of Apple shares (AAPL) between December last year and March this year. The numbers were revealed this Saturday morning (4), before the opening of the annual shareholders meeting, known as “Woodstock Capitalist”.
Read too: Follow InfoMoney’s coverage of the Berkshire meeting
The billionaire’s company reduced around 13% of its stake in the technology giant from US$174.3 billion in December to US$135.4 billion in March, going from 905 million shares to 790 million, according to a published document this morning. Apple was still, however, the conglomerate’s most relevant investment at the end of the quarter.
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Berkshire’s cash reached a new record, increasing to US$189 billion at the end of the first quarter, breaking the level established at the end of the year. The company also reported first-quarter operating profits of $11.2 billion, compared with $8.07 billion in the same period a year ago.
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O InfoMoney will provide special coverage of Berkshire Hathaway’s annual shareholder conference. Henrique Esteter, multiplatform coordinator, follows the event as a special envoy to Omaha, in the American state of Nebraska, where the company of the most well-known mega-investor in the world is based.
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The Berkshire meeting is different from most shareholder meetings held by other companies. On the one hand, the day is a showcase for the many companies in which Buffett has a stake – they set up booths at the CHI Health Center Arena in Omahain the state of Nebraska, where the event takes place.
On the other hand, participants have the real chance to ask Buffett questions directly – who will be joined on stage by Greg Abel, responsible for Berkshire’s non-insurance operations, and Ajit Jain, who specifically oversees the insurance business. The three can answer up to 60 questions during the meeting.
Read too: InfoMoney goes to Omaha for Warren Buffett’s annual Berkshire Hathaway conference
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