Warren Buffett bought only three stocks in the fourth quarter of 2023 for Berkshire Hathaway's portfolio. He sold seven stocks, including fully exiting four positions.

Most of Buffett's transactions made sense. However, not all of them did. One of the legendary investor's decisions was downright baffling.

Let me address one thing right off the bat. Buffett's most baffling decision in Q4 had nothing to do with the trimming of Berkshire's huge stake in Apple. It's possible that Buffett didn't want Apple to become even more heavily weighted in Berkshire's portfolio than it already was. Another likely scenario is that one of Berkshire's other two investment managers (Todd Combs and Ted Weschler) sold some of their Apple shares in the part of the portfolio that they manage.

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Source Fool.com