Warren Buffett’s Berkshire Hathaway Sells Nearly Half of Its Apple Stake, Cuts Holdings 3 Quarters in a Row
Apple is still Berkshire Hathaway’s biggest holding.
Key Takeaways
- Berkshire Hathaway sold almost half of its Apple stake, or over 49%.
- In its earnings filing, released Saturday, Berkshire disclosed that its stake in Apple was now $84.2 billion, down from $174.3 billion in December.
Berkshire Hathaway released its on Saturday with a telling number: the Warren Buffett-led conglomerate now owns only $84.2 billion in Apple stock, down nearly 50% from the $174.3 billion it held in December. Apple shares in response to the news Monday.
The report shows that, as of December 31, 79% of the combined value of all of Berkshire’s stock came from five companies: Apple ($174.3 billion), Bank of America ($34.8 billion), American Express ($28.4 billion), Coca-Cola ($23.6 billion) and Chevron ($18.8 billion).
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By June 30, Berkshire changed its holdings where the same five companies were 72% of its total stock value. Apple is still Berkshire’s largest holding, but Berkshire’s stake in the iPhone maker dropped to $84.2 billion. Chevron fell to $18.6 billion, while Bank of America, American Express, and Coca-Cola rose to $41.1 billion, $35.1 billion, and $25.5 billion respectively.
“A safe conclusion is that Berkshire is getting defensive,” CFRA Research analyst Cathy Seifert told , meaning Berkshire could be playing it safe and responding to high stock market valuations, or concerns about the U.S. economy.
Apple is currently the in the world, with a of over $3 trillion at the time of writing. Berkshire has now cut its Apple stake for .
At Berkshire’s annual shareholder meeting in May, 93-year-old Buffett that Berkshire cut its Apple holdings for tax reasons and that he remained confident in Apple.
“We will own — unless something really extraordinary happens — we will own Apple and American Express and Coca-Cola when Greg takes over this place,” Buffett said, referring to his successor Greg Abel.
Other include Occidental Petroleum, Moody’s, and Kraft Heinz.
Key Takeaways
- Berkshire Hathaway sold almost half of its Apple stake, or over 49%.
- In its earnings filing, released Saturday, Berkshire disclosed that its stake in Apple was now $84.2 billion, down from $174.3 billion in December.
Berkshire Hathaway released its on Saturday with a telling number: the Warren Buffett-led conglomerate now owns only $84.2 billion in Apple stock, down nearly 50% from the $174.3 billion it held in December. Apple shares in response to the news Monday.
The report shows that, as of December 31, 79% of the combined value of all of Berkshire’s stock came from five companies: Apple ($174.3 billion), Bank of America ($34.8 billion), American Express ($28.4 billion), Coca-Cola ($23.6 billion) and Chevron ($18.8 billion).
