Warren Buffett Sells 75% of Apple Stake, Piles Into Domino's Pizza

The Oracle of Omaha made major portfolio changes before his retirement, including a big bet on the pizza chain.

Published on Mar. 2, 2026

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In his final years as CEO of Berkshire Hathaway, Warren Buffett sold 75% of the company's massive stake in Apple, while steadily building a 9.9% position in Domino's Pizza over six consecutive quarters. Buffett was attracted to Domino's transparent marketing, international growth potential, and shareholder-friendly policies like buybacks and dividends.

Why it matters

Buffett's moves reflect his investment philosophy of seeking out well-run, consumer-facing companies with strong brands and growth prospects. The shift away from Apple, once Berkshire's top holding, signals Buffett's concerns about the tech giant's valuation and growth trajectory in recent years.

The details

Berkshire Hathaway reduced its Apple stake from over 40% of its portfolio to just 25% by the time Buffett retired. The billionaire investor cited Apple's high valuation, stagnant device sales, and potential future tax implications as reasons for the sell-off. Meanwhile, Buffett steadily built a 9.9% stake in Domino's Pizza over six quarters, attracted to the company's transparent marketing, international expansion, and shareholder-friendly policies.

  • On Sept. 30, 2023, Berkshire Hathaway held 915,560,382 shares of Apple.
  • Over the next nine quarters, Berkshire sold 687,642,574 shares of Apple, reducing the position by 75%.
  • In Buffett's final quarter as CEO, an additional 10,294,956 Apple shares were sold.

The players

Warren Buffett

The billionaire investor who helped transform Berkshire Hathaway into a trillion-dollar business over more than half a century, before retiring as CEO in 2026.

Apple

The technology company that was once Berkshire Hathaway's top holding, known for its innovative products and strong brand loyalty.

Domino's Pizza

The fast-food restaurant chain that Warren Buffett steadily invested in over six consecutive quarters leading up to his retirement, attracted to its transparent marketing, international growth, and shareholder-friendly policies.

Greg Abel

The successor who took over as CEO of Berkshire Hathaway after Buffett's retirement.

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What’s next

The full impact of Buffett's portfolio changes will likely be felt in the coming years as Berkshire Hathaway's new leadership navigates the company's investments under the Oracle of Omaha's successor, Greg Abel.

The takeaway

Buffett's final trades before retirement highlight his enduring investment philosophy of seeking out well-managed, consumer-facing companies with strong brands and growth potential, even as he parted ways with his once-massive Apple stake due to valuation concerns.