Should Apple Investors Panic Over Buffett's $4 Billion Sale?
It's 13F season, that time in the quarter when top hedge fund managers must disclose their buys and sells from the previous quarter ended Sept. 30. Also filing a 13F this week is Warren Buffett's holding company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).
Berkshire disclosed several trades in the pharmaceutical, telecom, and tech sectors, but many of those trades were smaller, and likely executed by his younger lieutenants Ted Weschler and Todd Combs. The largest Berkshire trade in the third quarter, which was likely executed by Buffett, was a surprising $4 billion sale of Apple (NASDAQ: AAPL) -- Berkshire's largest position and one of the most popular stocks in the market.
So, should Apple shareholders be panicking on the back of Berkshire's sales? For current holders, the answer is likely still no. For prospective buyers? It's more complicated.
Source Fool.com
