Here are Warren Buffett’s top holdings, as revealed in Berkshire’s latest quarterly earnings report
Warren Buffett is in the spotlight after Berkshire Hathaway revealed it sold nearly half of its Apple stake last quarter. Here’s where the legendary investor’s top holdings are now. About 72% of Berkshire’s stock portfolio is concentrated in five stocks, according to the conglomerate’s latest earnings report. Apple, despite a sharp sell-off from the Oracle of Omaha, remains Berkshire’s largest holding by far, with a market value of $84.2 billion at the end of June. The conglomerate recently began selling some shares of Bank of America, its second-largest holding after Apple, in a 12-day selling streak that began in July. The third-quarter transactions were not included in Berkshire’s 10-Q report released Saturday, so the value of the Bank of America stake would now be about $37 billion, down from $41.1 billion at the end of June. Berkshire trimmed its Chevron bet slightly in the second quarter, but the energy stake, with a market value of $18.6 billion at the end of June, remained in the conglomerate’s top five holdings. Berkshire has been actively trading the stock for several quarters. Meanwhile, Berkshire’s long bets on Coca-Cola and American Express were worth $25.5 billion and $35.1 billion, respectively, at the end of the second quarter. Coca-Cola shares are up more than 17% this year, while American Express is up 24%. Both stocks are set to outperform the S&P 500 so far in 2024. Buffett was in a general selling mood in the second quarter, as Berkshire sold more than 75 billion shares, bringing its total cash position to a staggering $277 billion. After the sales, those holdings remain in the top five holdings that Berkshire disclosed in the first quarter.
