Apple (AAPL) Precipitous Sell-Off Adds Fuel to Buffett Rumors

The 23% sell-off in Apple (NASDAQ: AAPL) from its Sept 2nd all-time high is adding credence to recent rumors that Warren Buffett is trimming his position.

At the recent highs, Mr. Buffett’s 980.6 million share position in Apple was worth approximately $135 billion, giving him a paper profit of about $100 billion. It also eclipsed 50% of Berkshire's entire public stock portfolio.

Traders note Apple saw a similar steady climb to the upside when Buffett was originally accumulating his position.

Investors will not know if Mr. Buffett has in fact sold Apple this quarter until mid-November when Berkshire releases its Q3 13F. Unless, of course, the Oracle wishes to disclose it sooner.

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