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US Small Value Energy Utilities Berkshire

Buffett owns 915M shares of Apple. At 10% of the average trading volume it will take him nearly 8 months to unload all of those shares, and even at that pace it's likely to slowly push down the stock price. He's stuck and has no place to go. And at $40 basis per share he'd owe roughly $33 per share in taxes at current prices. So while he might think Apple's current 32 PE is a bit spendy, he might also be fine owning AAPL at the net cash PE of 27 instead of cashing out only to hold that cash for a long while until he can find something better.