Berkshire Hathaway Reduces Apple, Bank of America Stakes in Q3

GuruFocus.com11-05

Berkshire Hathaway (BRK.A, Financials) has cut its stakes in Apple (AAPL, Financials) and Bank of America (BAC, Financials) by more than 20% during the third quarter, according to its recent quarterly...

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This decline implies that Berkshire cut its Apple ownership by around 100 million shares, therefore lowering its position to roughly 300 million sharesa drop of almost 25%.Likewise, Berkshire's ownership in Bank of America dropped; the fair value dropped to $31.7 billion at the end of Q3 from $41.1 billion in Q2. This shows a decline of over 230 million shares, therefore bringing its holdings to roughly 800 million sharesa drop of almost 23%.These divestments helped Berkshire's cash reserveswhich had been $276.94 billion on June 30reach a record $325.21 billion as of September 30. Purchasing just $1.5 billion, the corporation sold $36.1 billion in equities during t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU0106831901.USD":"贝莱德世界金融基金A2","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4527":"明星科技股","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4550":"红杉资本持仓","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","BK4588":"碎股","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BRK.A":"伯克希尔","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BRK.B":"伯克希尔B","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","BK4504":"桥水持仓","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BAC":"美国银行","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","AAPL":"苹果","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4515":"5G概念","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4566":"资本集团"},"translate_title":"Berkshire Hathaway第三季度减持苹果和美银股份","themeId":"f4b9c77dd921845b21fc5687e0dcf41e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAC":1,"BRK.A":1,"BRK.B":1,"AAPL":0.7},"content_text":"Berkshire Hathaway (BRK.A, Financials) has cut its stakes in Apple (AAPL, Financials) and Bank of America (BAC, Financials) by more than 20% during the third quarter, according to its recent quarterly filing.\n\nUnder Warren Buffett (Trades, Portfolio)'s direction, the conglomerate said that, at the conclusion of Q3, the fair value of its Apple stake dropped from $84.2 billion in Q2 to $69.9 billion. This decline implies that Berkshire cut its Apple ownership by around 100 million shares, therefore lowering its position to roughly 300 million sharesa drop of almost 25%. \nLikewise, Berkshire's ownership in Bank of America dropped; the fair value dropped to $31.7 billion at the end of Q3 from $41.1 billion in Q2. This shows a decline of over 230 million shares, therefore bringing its holdings to roughly 800 million sharesa drop of almost 23%. \nThese divestments helped Berkshire's cash reserveswhich had been $276.94 billion on June 30reach a record $325.21 billion as of September 30. Purchasing just $1.5 billion, the corporation sold $36.1 billion in equities during the quarter, ninth straight as a net seller of stocks. \nApple remains Berkshire's biggest equity investment, at $69.9 billion, notwithstanding these cuts. The corporation broke with past practice by not doing any stock buybacks throughout the quarter. \nOperating profit for Berkshire for the quarter dropped by 6% to $10.1 billion, mostly owing to underwriting losses connected to insurance and effects of hurricanes. Some divisions, notably Geico and BNSF railroad, recorded earnings gains, nevertheless. \nFocusing on liquidity and risk management, these calculated actions indicate Berkshire's cautious attitude among the state of the market.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481755650"}