<\/img><\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n OMAHA, Nebraska \u2014 Warren Buffett’s Berkshire Hathaway<\/a> cut its gigantic Apple<\/a><\/span><\/span><\/span> stake in the first quarter as the “Oracle of Omaha” continued to downsize his one-time favorite bet.<\/p>\n In its first-quarter earnings report, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake. Apple was still Berkshire’s biggest holding by far at the end of the quarter.<\/p>\n<\/div>\n Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.\u00a0<\/p>\n David A. Grogen | CNBC<\/p>\n<\/div>\n<\/div>\n<\/div>\n This is the second quarter in a row that the Omaha-based conglomerate has trimmed the stake in the iPhone maker. It sold about 10 million Apple shares (just 1% of its massive stake) in the fourth quarter.\u00a0This filing, when accounting for the change in Apple’s stock price, would imply Berkshire sold about 116 million shares.<\/p>\n Buffett became a big fan of Apple after one of his investing managers Ted Weschler or Todd Combs convinced him to buy the stock years ago. Buffett even called the tech giant his\u00a0second-most important business<\/a>\u00a0after Berkshire’s cluster of insurers.<\/p>\n<\/div>\n