Warren Buffett’s Berkshire Portfolio Changes: Apple Sale, Mystery Stock Revealed, and More
Warren Buffett’s Berkshire Hathaway has made some significant portfolio changes, and investors are eager to know what’s happening behind the scenes. In a recent 13F filing, the investment guru confirmed the trimming of his Apple stake and finally revealed the mystery stock that the firm accumulated ahead of the first quarter.
Apple, Chevron Trimmed: Berkshire reduced its Apple position by over 116 million shares, now owning 789,368,450 Apple shares valued at $135.36 billion. Despite the reduction, Apple remains Berkshire’s top holding. The firm also sold 3.1 million shares of Chevron but added 4.32 million shares of Occidental Petroleum.
Core Holdings Maintained: Berkshire maintained its stake in Bank of America, American Express, and Coca-Cola, while finally disclosing the mystery stock as Chubb Limited. The firm acquired 25.92 million shares of the insurer, giving Berkshire a 6.4% stake.
HP Stake Jettisoned: Berkshire cashed out of HP Inc., selling all 22.85 million shares it held in the computer and peripherals maker. The firm also disposed of shares in Louisiana-Pacific Corporation, Paramount Global, and Sirius XM Holdings.
At the annual Berkshire shareholder meeting, Buffett took responsibility for the Paramount Global sale, stating, “It was 100% my decision, and we’ve sold it all, and we lost quite a bit of money.”
Overall, Berkshire’s portfolio changes reflect a strategic shift in response to economic uncertainties and tax obligations. Investors will be closely watching how these moves play out in the coming quarters.
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Disclaimer: This article originally appeared on Benzinga.com and does not provide investment advice. All rights reserved.