On Saturday, things got exciting for Berkshire Hathaway investors as Warren Buffett's investment holding company released its quarterly figures for the second quarter of 2024. The balance sheet was scrutinized with eagle eyes, as investors always pay close attention to the strategic decisions of the star investor.

In the second quarter, the revenue of the Buffett holding increased by 1.24 percent to 93.653 billion US dollars, compared to 92.503 billion US dollars in the same quarter of the previous year. Despite the increase in revenue, the earnings per Class A share significantly decreased from 24,775 US dollars to 21,122 US dollars, which corresponds to a decline of nearly 15 percent.

It is also noteworthy that Berkshire Hathaway increased its cash reserves to a record $224.239 billion. This far surpasses the $121.845 billion that the conglomerate held at the end of 2023. A significant portion of these increased cash reserves is due to the sale of Apple shares.

Surprisingly, the quarterly report revealed that Berkshire Hathaway has sold nearly half of its Apple stake. The investment in the iPhone manufacturer was valued at $84.2 billion at the end of the second quarter, which, according to "CNBC", means that Buffett sold 49.4 percent of his shares. This decision could indicate an intention to increase liquidity and secure new investment opportunities.

Since there is no regular trading on Wall Street over the weekend, investors will be able to react to the new developments only on Monday. It remains to be seen how the market will respond to the significant changes in Berkshire Hathaway's investment strategy.