Berkshire Hathaway has further cut down its stake in HP Inc. by reducing its total shareholding in the computer and printer manufacturing company to 5.2%.

As of 30 November, the company held 51.5 million shares of HP that were worth around $1.6 billion as per the closing price of $30.37 per share.

Berkshire Hathaway has halved its stake in HP Inc. compared to the same month last year, when it owned 102.5 million shares, which is equivalent to 10% of its overall stake in HP.

The investment conglomerate had started reducing its stake in June when it held a 12% stake or 121 million shares in the tech firm. Even though it trimmed its stake to 5.2%, the company continues to remain the third-largest institutional shareholder in HP.

The company had recently acquired a massive stake in the tech giant Apple as its largest investment in its $350 billion portfolio. Warren Buffet said that he considers Apple to be a consumer products company with an extremely loyal customer base.