Warren Buffett Keeps Dumping Apple Shares: Here's the Stock He Is Buying Instead was originally published by The Motley Fool Micron, Dell, and Cisco are all still trading at cheap valuations in this frothy market.

Warren Buffett continued to sell Apple during the third quarter, but that wasn't his most surprising move -- not by a long shot.

The world’s most famous value investor is sitting on an enormous cash pile. Warren Buffett’s conglomerate Berkshire Hathaway currently holds more than $325 billion in cash and equivalents, according to the firm’s quarterly financial statements, most of it in U.S. Treasury bills.