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Warren Buffett, the legendary billionaire and CEO of Berkshire Hathaway, is renowned for his long-term investment strategies. With a reported stock portfolio worth approximately $266 billion, Buffett continues to play the slow and steady game. Recently, however, he has made significant adjustments to his portfolio.
Buffett has been reducing his stake in Apple, trimming it down to 26% of his publicly traded portfolio, a substantial decrease from its previous 40%. The decision to sell is tied to Apple's current high valuation, reflecting concerns over its growth potential. In addition, Buffett sold 22% of his stake in Bank of America, suggesting a cautious outlook on the overall economy. Notably, he sold out of his Ulta position, albeit with minimal returns.