Digital Payments are transactions that take place via digital or online modes, with no physical exchange of money involved. The Digital Payments concept includes major US-listed companies that offer electronic and cashless means of payments.
Before Buffett’s 'retirement,' Berkshire adjusted its giant bets: Accelerated selling of Apple in Q3 and established a position in Google.
Berkshire Hathaway sold Apple shares for two consecutive quarters, offloading 41.79 million shares in the third quarter, more than double the amount from the second quarter, reducing its market value by approximately $10.6 billion within a single quarter, making Apple the most significantly reduced holding during that period; Bank of America shares worth over $1.9 billion were sold in the third quarter, second only to Apple in scale, with its stake being cut by 45% over the past year. For the first time in the third quarter, Berkshire initiated a position in Alphabet, purchasing 17.85 million shares, elevating the Google parent company to become the tenth largest holding. Media reports suggest this purchase might not have been made by Buffett but possibly by one of Berkshire's two portfolio managers. Among the top ten holdings, Chubb Ltd was the only stock that saw an increase in the third quarter.
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