Buffett "Cashes Out": Berkshire's Top Holding Apple "Halved," "Clearing Out" Second-Largest Holding Bank of America, Record Cash on Hand

A key question now is whether Berkshire will continue to reduce its Apple holdings this quarter, or possibly even fully divest. In addition to its top holding Apple, Berkshire has been continuously "clearing out" its second-largest holding Bank of America. Since July, Berkshire has reduced its holdings of about 90 million shares of Bank of America, cashing out about $3.8 billion. Some believe Buffett has begun to worry about an overheated bull market. Others suggest Buffett may be raising more cash for his successor, and that U.S. corporate taxes might increase in the future.

Buffett cutting nearly half of his Apple shares, Duan Yongping responded, "I have no plans to reduce my holdings unless they are called away. Mainly, after selling, I don't know what else to buy. And in the long run, I can accept the returns Apple will bring me in the future. Buffett is different; he is a professional investor with more options."

As Buffett slashes his heavy holdings, "Bond King" Bill Gross warns against bottom fishing, saying that there are few bull stocks, and it is better to sell now rather than buy the dip. If AI does not bring a leap in productivity, growth stocks will underperform value stocks.