Warren Buffett’s Berkshire Hathaway disclosed substantial modifications to its investment portfolio in its most recent 13F filing. A notable investor has reduced his investment in Apple Inc. (AAPL: NSD) but increased his holdings of Chevron (CVX: NYE), a prominent energy company. This action has garnered the interest of market observers, given that investors around the world closely monitor Buffett’s investment choices.
Details on the Changes:
According to the filing, Berkshire Hathaway sold approximately 10 million shares of Apple during the fourth quarter of 2023. However, it still holds a substantial 90.556 million shares of the tech company. On the other hand, the firm added around 158 million shares of Chevron to its portfolio. In terms of value, Apple remains Berkshire’s largest holding, worth about $174.35 billion, while Chevron is its fifth-largest holding, worth $18.59 billion.
Market Reaction and Analyst Insights:
Wall Street analysts are cautiously optimistic about the prospects of both Apple and Chevron. While Apple’s management has acknowledged some softness in its key market, China, analysts believe that the company’s strong position in the global tech market will continue to drive growth. Similarly, Chevron, despite facing challenges due to lower commodity prices, is seen as streamlining its portfolio and reallocating capital to more lucrative regions.
Additional Changes to Berkshire’s Portfolio:
In addition to adding Chevron, Berkshire Hathaway also increased its holdings in Occidental Petroleum and invested in Sirius XM Holdings, a penny stock, during the fourth quarter. However, the firm reduced its stake in Paramount and HP. Overall, Berkshire had 41 holdings in Q4, compared to 45 in the previous quarter.
Conclusion:
Warren Buffett’s Berkshire Hathaway trimming its stake in Apple and adding to its position in Chevron has attracted attention from investors and market observers. While Buffett’s investment decisions are always closely followed, it is important to note that any investment decisions should be based on thorough research and careful analysis.
