Berkshire Hathaway drastically reduced its Apple holdings to 30% in Q2! Increased positions in Occidental Petroleum, Chubb, and initiated positions in beauty stocks

Zhitong
2024.08.14 23:51
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According to the disclosure from the U.S. Securities and Exchange Commission (SEC), Berkshire Hathaway under Buffett (BRK., BRK. significantly reduced its Apple holdings to 30.52% in the second quarter of 2024. The total holding market value decreased to $280 billion, a 16% decrease from the previous period. At the same time, Berkshire increased its holdings in Occidental Petroleum and Chubb, and initiated positions in the beauty stock Ulta Beauty and aerospace company Haeco (A)

According to the disclosure from the U.S. Securities and Exchange Commission (SEC) obtained by Zhitong Finance APP, Warren Buffett's Berkshire Hathaway (BRK.A.US, BRK.B.US) submitted the second-quarter holding report (13F) as of June 30, 2024.

Statistics show that Berkshire's total holding value in the second quarter was $280 billion, down 16% from $332 billion in the previous quarter. The fund added 2 stocks to its portfolio, increased holdings in 5 stocks, reduced holdings in 8 stocks, and cleared out 2 stocks in the second quarter. The top ten holdings accounted for 90.48% of the total value.

In the top ten heavy-weight stocks of Berkshire in the second quarter, despite reducing holdings by 389 million shares, the top holding is still Apple (AAPL.US), with 400 million shares in Q2, holding a market value of approximately $84.248 billion, accounting for 30.52% of the portfolio, a decrease of 49.33% in the number of shares held compared to the previous quarter.

Bank of America (BAC.US) ranked second, holding 942 million shares with a market value of approximately $37.226 billion, accounting for 13.48% of the portfolio.

American Express (AXP.US) ranked third, holding 152 million shares with a market value of approximately $35.105 billion, accounting for 12.72% of the portfolio, with no change in the number of shares held compared to the previous quarter.

Coca-Cola (KO.US) ranked fourth, holding 400 million shares with a market value of $25.46 billion, accounting for 9.22% of the portfolio, with no change in the number of shares held compared to the previous quarter.

Chevron (CVX.US) ranked fifth, holding 119 million shares with a market value of $18.553 billion, accounting for 6.72% of the portfolio, a decrease of 3.55% in the number of shares held compared to the previous quarter.

In the second quarter, Berkshire initiated positions in Ulta Beauty (ULTA.US) and Heico Corp-A (HEI.A.US), and cleared out positions in Paramount Global-B (PARA.US) and Snowflake (SNOW.US).

It is worth mentioning that Berkshire increased holdings in Occidental Petroleum (OXY.US), Chubb (CB.US), Sirius XM (SIRI.US) and other stocks this quarter; in addition to significantly reducing Apple, the institution also reduced holdings in Chevron, T-Mobile US (TMUS.US) and other stocks this quarter

In terms of changes in portfolio holdings, the top five purchases are: Occidental Petroleum, Chubb, Ulta Beauty, Sirius XM, and HK Airlines-A.

The top five sales include: Apple, Snowflake, Capital One Financial (COF.US), Floor & Decor (FND.US), and Paramount Global-B.

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