Buffett trimmed his Apple stake by about a quarter in the last few months. The company had a solid recent earnings report, but has posted slow growth. The stock trades at an inflated valuation, which may have helped prompt the sale.

For the first time since 2018, Buffett’s company didn’t buy back any stock in the quarter, according to FactSet.

Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady strea