Berkshire Hathaway**10 million shares of Apple**, analysts expect this "adjustment" to likely continue ......
The latest announcement shows,Warren Buffett's Berkshire Hathaway（brk.a、brk.b）cut its back on Apple（aapl）Target**.
Dow Jones market data showsBerkshire Hathaway sold about 1% of Apples in the last three months of 2023However, it still holds the iPhone maker 59% of the shares, worth about $167 billion
Berkshire Hathaway's Apple holdings are already a large share of its more than $300 billion portfolio. As tailwinds in tech stocks have pushed Apple's stock higher, investors who follow the company have been wondering how far Buffett and his lieutenants will allow Apple's position to be expanded.
Since the end of 2018,Apple's stock price soared 367%., while the S&P 500 (SPX)** is about doubled. Last year, Buffett praised Apple at Berkshire Hathaway's annual conference, saying that "it happens to be better than any company we have." ”
However, Apple's share price hasn't kept pace with some big tech companies in recent months. Earlier this year, the company ceded the crown of America's Most Valuable Company to Microsoft.
In addition,Apple also faces a number of challenges, including regulatory scrutiny of their App Store policies, declining sales in China, and investor concerns about its growth prospects. Several analysts have also downgraded the stock, with Apple's share price already up more than 4% in 2024.
Steven Check, chief investment officer at Check Capital Management, who owns Berkshire, said he would be keeping a close eye on whether Berkshire would continue to be Apple. He said:
"It looks like just a minor tweak, but I think Berkshire Hathaway will probably continue to ** Apple. ”Berkshire also ** HP（hpq）, while increasing its holdings in Chevron and Occidental Petroleum in the fourth quarter.
Berkshire disclosed the moves in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday afternoon. Institutional investors with at least $100 million under management in the U.S. and other types are required to disclose their positions at the end of each quarter. Many investors study Berkshire's application documents to get a sense of what Buffett and his investment deputies have seen about the market in recent months.
Berkshire followers are also looking forward to Warren Buffett's annual letter, which is expected to be released on Feb. 24 alongside the company's annual report。This will be Buffett's first letter to shareholders since the death of his longtime partner Charlie [gf]2022[gf] Munger on November 28 last year.
Currently, Berkshire's ** portfolio includes large ** of household names such as Bank of America (BAC), Coca-Cola (KO) and Apple. It also owns a range of businesses, including the insurers GEICO, BNSF Railway, and SEE's candies。
The company has disclosedIt will increase its stake in Occidental Petroleum in the new year。As of Feb. 5, Berkshire held a 28% stake in Occidental Petroleum, according to Dow Jones Market Data. In a speech at Berkshire's annual shareholder meeting, Buffett praised the company's chief executive, Vicki Hollub, calling her "an extraordinary manager," according to a transcript.
In contrast,Berkshire continued to build the company in the fourth quarter after buying out of computer and printer maker Hewlett-Packard in the third quarter.
Investors have long speculated about how Berkshire will use its huge money, and they will be keeping a close eye on the company's annual report for a more complete picture of its fourth-quarter activity. Berkshire ended the third quarter of last year with a record $157.2 billion in cash and equivalentsIn the event of an attractive ** or company, Buffett and his deputies will have plenty of "ammunition".
Berkshire Hathaway's A-shares and B-shares both hit record highs on Wednesday**, of which A-shares closed above $600,000 for the first time, 11% this year, and 12% of B-shares this year.