Warren Buffett is turning heads after Berkshire Hathaway disclosed it sold nearly half of its Apple stake last quarter. Here is where the legendary investor’s top holdings stand now. About 72% of Berkshire’s equity portfolio is concentrated in five stocks, according to the conglomerate’s latest earnings report. Apple , despite the heaving selling from the Oracle of Omaha, remains Berkshire’s biggest holding by far with a market value of $84.2 billion at the end of June. The conglomerate recently started selling some Bank of America shares, its second-biggest holding after Apple, in a 12-day selling streak that started in July. The transactions in the third quarter weren’t included in Berkshire’s 10-Q released Saturday, so the value of the Bank of America stake should now be worth 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 actively traded this stock for a few quarters. Meanwhile, Berkshire held onto longtime bets Coca-Cola and American Express , worth $25.5 billion and $35.1 billion, respectively, at the end of the second quarter. Shares of Coca-Cola were up more than 17% this year, while American Express has gained 24%. Both stocks have outperformed the S & P 500 so far in 2024. Buffett was in a selling mood overall in the second quarter with Berkshire shedding more than 75 billion in stock, raising its total cash level to an eye-popping $277 billion. After the sales, these holdings remain same top five holdings Berkshire disclosed in the first quarter.
