Warren Buffett made headlines recently when Berkshire Hathaway revealed that it had sold nearly half of its Apple stake in the last quarter. Despite this significant move, Apple still remains the conglomerate’s largest holding, with a staggering market value of $84.2 billion as of June. This indicates Buffett’s confidence in the tech giant, even as he chose to trim down the position.
Berkshire’s equity portfolio is heavily concentrated in just five stocks, accounting for approximately 72% of its total holdings. Following Apple, the conglomerate’s second-largest holding is Bank of America, although recent data suggests that Berkshire has started selling off some of its shares in the bank. This shift in strategy has reduced the market value of the Bank of America stake to around $37 billion, down from $41.1 billion in June.
While Berkshire slightly reduced its stake in Chevron during the second quarter, the energy company still remains one of the conglomerate’s top five holdings, with a market value of $18.6 billion. On the consumer front, Buffett has maintained long-term positions in Coca-Cola and American Express, valued at $25.5 billion and $35.1 billion, respectively. Both companies have seen strong performance this year, outpacing the S&P 500 in 2024.
In the second quarter, Buffett adopted a more bearish stance, selling off over $75 billion worth of stock and significantly increasing Berkshire’s cash reserves to an impressive $277 billion. Despite this selling spree, the top five holdings disclosed by Berkshire remain consistent with the previous quarter’s report.
Overall, Warren Buffett’s investment decisions continue to captivate the market, offering valuable insights into his strategy and approach to portfolio management. As one of the most successful investors of our time, Buffett’s actions and holdings provide a unique window into the world of value investing and long-term wealth creation.