February 16, 2024

Buffett’s Berkshire Trims Apple Stake but Adds to Chevron in Q4 Portfolio Shuffle 🚙🍏

Warren Buffett’s Berkshire Hathaway has sold a fraction of its massive stake in Apple, according to its quarterly 13-F filing, reducing its holding by 10 million shares to 905 million, valued at around $167 billion. Despite the reduction, Apple still represents nearly half of Berkshire’s $350 billion portfolio. Other adjustments in the portfolio include a one-third cut in media company Paramount Global and a decrease in PC-and-printer maker HP shares from 80 million to 23 million. On the positive side, Berkshire increased its holding in Chevron by 16 million shares, bringing the total to 126 million shares. These moves highlight Buffett’s ongoing strategic portfolio adjustments.

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