Berkshire’s liquidity is at a record level, and Buffett continues to reduce his holdings of Apple shares economy

Berkshire Hathaway revealed that it recorded a record level of liquidity stock amounting to $325.2 billion in the third quarter of this year, amid the American investor’s pause. Warren Buffett It announced the implementation of large acquisitions and reduced its stake in some prominent stocks, according to what Bloomberg reported.

Berkshire Hathaway confirmed that it had reduced its stake in… Apple By 25%, as the value of its stake in the iPhone manufacturer fell to $69.9 billion, compared to $84.2 billion in the second quarter.

The company sold about 100 million shares of its Apple stock during the summer, thus reducing the number of its shares to approximately 300 million.

Reducing risks and increasing liquidity

Despite the reduction, Apple still represents a large share of Berkshire’s investments, as Buffett indicated in previous statements that Apple remains a better investment even than some of Berkshire’s other investments, such as “American Express” and “Coca-Cola.”

The American investor confirmed that the decision to sell was driven by tax matters, indicating that he did not mind increasing the stock of liquidity in the current circumstances.

Bloomberg said that Berkshire was a net seller of shares during the last quarter.

In light of the challenges facing Berkshire in finding suitable investment deals at attractive prices, Buffett previously stated that the company will not rush to spend unless a low-risk, promising-profit opportunity is available.

Although Buffett used some of the liquidity to buy back the company’s shares, this step has recently become expensive, as Berkshire’s shares have risen by 25% this year, bringing its market value to $974.3 billion. It had exceeded the $1 trillion mark for the first time on August 28. Last August.

Meanwhile, Berkshire’s operating profits fell by 6% compared to last year to reach $10.09 billion, with insurance profits falling by 69% to record $750 million, affected by increased losses in its primary insurance group.

Buffett (94 years old) has led Berkshire since 1965, and it is expected that leadership of the company will pass after him to Greg Appel (62 years old), vice president.

Berkshire Hathaway is headquartered in Omaha, Nebraska, and includes companies such as Berkshire Hathaway Energy, a large number of industrial companies, a large real estate brokerage company, and retail companies such as Dairy Queen and Fruit of the Loom.