It’s official. By the end of 2025, Warren Buffett will no longer be the CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Many investors are wondering what portfolio changes will be in store once Buffett departs and his lieutenants take full control over the business.
Right now, Apple (NASDAQ: AAPL) remains the largest position in Berkshire’s portfolio. The position is currently worth around $63 billion. Clearly, Buffett is a fan. But could the position be trimmed, or even liquidated following his departure? The answer might surprise you.
The most important thing to understand about Buffett’s Apple bet is that Buffett may not be the one who initiated the investment in the first place. A couple decades ago, Buffett and his longtime investing partner Charlie Munger met Ted Weschler and Todd Combs. According to Buffett, they were “the only two guys we could find that read as much as we did.” Both were eventually added to the Berkshire investment team.