Warren Buffett, the legendary investor, has made some significant moves in his investment portfolio that are making headlines. At Extreme Investor Network, we closely follow the investment decisions of influential figures like Buffett to provide our readers with valuable insights and analysis.
Despite selling nearly half of its Apple stake last quarter, Berkshire Hathaway’s top holdings still reflect the Oracle of Omaha’s strategic investment decisions. As of the end of June, Apple remains Berkshire’s biggest holding, with a market value of $84.2 billion. However, Berkshire has also been actively trading other key stocks in its portfolio.
One notable change is Berkshire’s selling streak of Bank of America shares, its second-biggest holding after Apple. While the transactions in the third quarter were not included in Berkshire’s recent earnings report, it is estimated that the value of the Bank of America stake has decreased to around $37 billion.
In addition to Apple and Bank of America, Berkshire’s top five holdings include Chevron, Coca-Cola, and American Express. Despite trimming its Chevron bet slightly in the second quarter, the energy stake has remained in the conglomerate’s top holdings. Coca-Cola and American Express, valued at $25.5 billion and $35.1 billion, respectively, at the end of the second quarter, have shown strong performance compared to the S&P 500.
Overall, Buffett’s selling mood in the second quarter led Berkshire to shed over $75 billion in stocks, increasing its cash reserves to $277 billion. Despite the sales, the top five holdings disclosed by Berkshire in the first quarter have remained relatively unchanged.
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