Warren Buffett's Stock Moves: Insights on AAPL and BAC

Warren Buffett's Stock Adjustments

Warren Buffett, one of the most renowned investors globally, is known for his strategic stock decisions. Recently, he has made significant adjustments in his portfolio, particularly with AAPL and BAC stocks.

Buffett's AAPL and BAC Selling Spree

Notably, Buffett’s company, Berkshire Hathaway, has been reducing its stakes in both Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC). In Q2 2024, Berkshire held 400,000,000 AAPL shares, which has been cut by 25%, reducing the position to 300,000,000 shares. Similarly, his stake in BAC has decreased by 23%, leaving him with 797,683,307 shares.

The Impact of Stock Performance

• AAPL stock is currently trading at $225.86, experiencing a 2.56% loss in the last month.
• BAC stock has seen a price increase of 6.17%, contributing to a 34.04% YTD return.

Buffett's New Investments

In a twist, Buffett has completely eliminated his holdings in Floor & Decor Holdings (NYSE: FND) and significantly reduced his position in Ulta Beauty (NASDAQ: ULTA). Moreover, he added two new stocks: Domino's Pizza (NYSE: DPZ) with 1,277,256 shares and Pool Corp (NASDAQ: POOL) with 404,057 shares.

This strategic shift underscores Buffett's ongoing evolution in a complex market, with significant implications for investors.