Key Points
Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB), led by Greg Abel, recently made significant changes to its investment portfolio. In the latest quarter, the company sold a substantial portion of its Apple (NASDAQ: AAPL) shares, which remain its largest holding with an original investment of $35 billion that has grown to approximately $185 billion. This sale does not imply a decline in confidence, as Apple continues to report strong financial results, including a 17% revenue increase year-over-year in Q2.
Conversely, Berkshire’s largest new investment was in Chevron (NYSE: CVX), now the fifth-largest holding in the portfolio, representing around 6.5% ownership. Chevron’s recent dividend yield of 3.7% and robust operational structure make it an attractive choice for investors, especially during economic downturns.
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