Subject: Re: 13F out tonight?
Funny, after the news of the 13% Q1 trim of Apple, we still own a position priced at $150B! Imagine Tim is buying shares despite the valuation. Earlier in the week, I trimmed 8% of my longstanding personal Apple position & 25% of the position in my elderly mothers account.


I think that makes a lot of sense, for Buffett and probably for you too.

Dec 31st 2023: Apple Inc. $174.3 billion, closing price $192.53, so 905.313m shares,
March 31st 2024: Apple Inc. $135.4 billion, closing price $171.48, so 789.596m shares,

so 115.717m shares sold. It's true that the total value of the stake has increased back to $150b, because shares are now back to $190, so 789.596m*$190 = $150.0b, as you say.

I would love to see Buffett selling more: he has said it will remain the #1 position, but that still gives him a lot of room between $150b and the number 2 stake which was BAC, worth $39b at quarter end, probably about $40b now.

dtb