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Berkshire Hathaway is Latest Quarterly Report On Saturday, figures showed that Warren Buffett’s conglomerate’s holdings of Apple stock had fallen nearly 50% to just $84.2 billion, down from $174.3 billion in December. Falling by more than 5% Following the news on Monday.
According to the report, as of December 31, 79% of the combined value of all Berkshire Hathaway stock was held by 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 had reshuffled its holdings, with the same five companies now accounting for 72% of the company’s total equity value. Apple remains Berkshire’s largest holding, but Berkshire’s stake in the iPhone maker has fallen to $84.2 billion. Chevron fell to $18.6 billion, while Bank of America, American Express, and Coca-Cola increased to $41.1 billion, $35.1 billion, and $25.5 billion, respectively.
“It’s safe to conclude that Berkshire is on the defensive,” said CFRA Research analyst Cathy Seifert. ReutersThat means Berkshire may be playing it safe, responding to rising stock prices and concerns about the U.S. economy.
Apple is currently Most Valuable Companies In the world, Market capitalization At the time of writing, the value of the stock is over $3 trillion. Berkshire Hathaway has amassed 100,000 shares in Apple. 3 consecutive quarters.
Related: Warren Buffett had to work from his iPhone after Berkshire Hathaway’s phone lines went down. “I’m glad I didn’t sell all my Apple stock.”
At Berkshire’s annual meeting in May, Buffett, 93, said: hinted Although Berkshire has reduced its holdings of Apple shares for tax reasons, he said he remains a believer in the company.
“Unless something extraordinary happens, when Greg Abel takes over this company, we’re going to own Apple, American Express and Coca-Cola,” Buffett said, referring to his successor Greg Abel.
other Berkshire’s top 10 holdings These include Occidental Petroleum, Moody’s and Kraft Heinz.
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