Buffett has sold more than $133 billion worth of stock for Berkshire Hathaway's investment portfolio in 2024. Apple and Bank of America are two of his biggest sales, suggesting he sees each trading near or above intrinsic value.

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

There is one stock he has never sold since buying in 1991, though: American Express ( AXP -0.20%). Buffett owns over 20% of the credit card issuer and bank, making it the second-largest position in the Berkshire Hathaway portfolio. The position trades at a value of $40 billion as of this writing.

Warren Buffett has been on a selling spree and recently trimmed his two biggest holdings: Apple and Bank of America. Buffett caught many investors by surprise when he trimmed his Apple position,