Berkshire's Cash Hits $277 Billion as Buffett Slashes Apple Stake

INVESTASI BERKSHIRE HATHAWAY - NEW YORK. Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling a large chunk of its stake in Apple, even as the conglomerate posted a record quarterly operating profit.

Berkshire sold about 390 million Apple shares in the second quarter, on top of 115 million shares from January to March, as Apple's stock price rose 23%. It still owned about 400 million shares worth $84.2 billion as of June 30.