Berkshire trims Apple, exits T-Mobile as real-asset bets grow

Berkshire Hathaway’s latest 13F filing for the quarter ended June 30 reveals a deliberate reshaping of the conglomerate’s public equity portfolio as Warren Buffett prepares to step back from daily leadership. The disclosures show Berkshire exiting its T-Mobile stake, trimming its Apple position by a meaningful amount, and deploying capital into a cluster of homebuilders, construction materials suppliers, and a high-profile healthcare stock. Coupled with an all-time high cash pile, the moves signal a shift in emphasis from a technology-heavy lineup toward tangible assets and sectors tied to real-world demand, even as Berkshire remains the largest investor in Apple.

Among the most visible changes, Berkshire completely exited its position in T-Mobile, a sale valued at more than $1 billion. The group also reduced its Apple exposure by about 6.7% of the stake, selling roughly 20 million shares that left Berkshire with around 280 million Apple shares, still its largest and a sizable portion of the portfolio. At the same time, Berkshire added to its stake in UnitedHealth Group, purchasing around 5 million shares for about $1.6 billion, a move that placed a rare vote of confidence on a...