Warren Buffett drew attention after Berkshire Hathaway disclosed that it sold nearly half of its Apple shares last quarter. This is the legendary investor’s largest holding right now. About 72% of Berkshire Hathaway’s stock portfolio is concentrated in five stocks, according to the group’s latest earnings report. Despite Oracle of Omaha’s sharp selloff of Apple, it remains Berkshire’s largest holding by far, with a market capitalization of $84.2 billion as of the end of June. The group recently began selling some Bank of America shares, its second-largest holding after Apple, following a 12-day sell-off that began in July. The third-quarter transactions were not included in Berkshire’s 10-Q, which was released on Saturday, so Bank of America’s shares should now be worth about $37 billion, down from $41.1 billion at the end of June. Berkshire Hathaway trimmed its bet on Chevron slightly in the second quarter, but the energy stock, which had a market capitalization of $18.6 billion as of the end of June, remained among the group’s top five holdings. Berkshire Hathaway has been actively trading the stock for several seasons. Meanwhile, Berkshire Hathaway has made long-term bets on Coca-Cola and American Express, valued at $25.5 billion and $35.1 billion respectively at the end of the second quarter. Coca-Cola’s shares are up more than 17% this year, while American Express’s shares are up 24%. Both stocks have outperformed the S&P 500 so far in 2024. A jaw-dropping $277 billion. After the sale, those holdings remain the same as Berkshire’s top five disclosed holdings in the first quarter.
