Warren Buffet Just Dumped His Entire Stake In This Stock

The Oracle of Omaha has said no more to software company Oracle.

The billionaire investor’s Berkshire Hathaway has sold all of its $2 billion stake in Oracle after holding it for only a quarter.

According to a regulatory filing on Thursday by Berkshire Hathaway, the firm sold over 41 million shares before the end of 2018.

It is not clear however if the purchase of Oracle had been made by Buffet or his portfolio managers, Todd Combs and Ted Weschler.

The investment company also decreased its investment in iPhone maker Apple by 1% from the previous quarter.

It was last month that Apple warned that an economic slowdown in China had damaged iPhone sales during the final three months of the year.

Berkshire Hathaway Vice Chairman Charlie Munger stated, “I don’t know why Apple stock is going up or down,” he told investors. “I know enough about it so I admire the place, but I don’t know enough to have any big opinions on why it’s going up or down.”

“Part of our secret is we don’t attempt to know a lot of things,” added Munger.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.