The latest 13F report filed with the SEC by Berkshire Hathaway, Inc., led by the legendary investor Warren Buffett, revealed intriguing shifts within the existing portfolio. While the report did not unveil major new positions, it surprised some by indicating key changes in top holdings.
Apple Adjustments
Berkshire Hathaway trimmed its Apple Inc. shares by over 10 million despite retaining its position as the top holding. This move, in stark contrast to the stock’s continued appreciation and dividend payments, suggests a cautious outlook — especially in the wake of the company’s slightly faltering fundamentals and softening demand for its flagship hardware product, the iPhone. The firm still holds a substantial 905.56 million Apple shares, standing to receive $217 million in dividend income alone from this investment.
Despite the reduction, the value of Berkshire’s Apple holding surged from $156.75 billion at the end of the third quarter to $174.35 billion at the end of the fourth quarter, reflecting the tech giant’s 12.6% rally during that period.
Chevron Acquisition
The firm acquired 15.9 million worth of Chevron Corp. shares, indicating a potential shift toward the energy sector amid current economic uncertainties.
Other Core Holdings
Berkshire retained its positions in Bank of America, American Express, and Coca-Cola, reflecting ongoing confidence in these long-term bets. Together with Apple and Chevron, these stocks comprise approximately 75% of the aggregate fair value of its equity portfolio.
Strategic Stock Picks
The firm increased its stake in Occidental Petroleum Corp. by 19.59 million to 243.72 million and raised its holding in Sirius XM Holdings Inc. from 9.7 million to 40.24 million shares.
Portfolio Trimming
However, Berkshire reduced its position in Paramount Global Class B shares by over 30 million to 63.32 million shares, reflecting the troubled media conglomerate’s exploration of merger-and-acquisition options. The firm also decreased its stake in HP Inc. by 79.67 million to 22.85 million.
Portfolio Exits
Berkshire exited positions in D.R. Horton, Inc., Globe Life Inc., Markel Group Inc., and StoneCo Ltd., while maintaining its stake in Lennar Corp.
| Companies | Shares Held At End-Q3 |
| D.R. Horton | 5.97M |
| Globe Life Inc. | 831,014 |
| Markel Group Inc. | 158,715 |
| StoneCo | 10.70M |
Berkshire’s Class A shares ended Wednesday’s session up 1.20% at $601,000, and Class B shares rose 0.98% to $398.68, according to Benzinga Pro data. Meanwhile, Apple slipped 0.48% to $184.15.
For more information on what Warren Buffett considers as his ‘secret sauce’ after 58 years of managing Berkshire Hathaway, click here.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
