In Q2, Berkshire Hathaway reduced its holdings of the top-heavy stock Apple by nearly 0.39 billion shares, valued at 82 billion USD; cleared out 6.12 million shares of Snowflake, valued at 0.84 billion USD; the fifth largest holding Chevron reduced its holdings by 4.37 million shares, valued at 0.68 billion USD; the stock with the largest increase was the sixth largest holding Occidental Petroleum, with an increase of 7.26 million shares, valued at nearly 0.46 billion USD, far beyond the 4.3 million shares increased in the first quarter, followed by Chubb Ltd, which increased its holdings by more than 1.1 million shares; Ulta Beauty, a new makeup company, entered the market with 0.69 million shares.
As shown in the financial report, 'Stock God' Buffett significantly reduced his biggest bet on technology in the second quarter. According to recent regulatory documents, he also liquidated the cloud computing star that participated in the 'new share' acquisition four years ago, while continuing to buy the two stocks he has bought repeatedly for two months. $Apple (AAPL.US)$ According to recent regulatory documents, the cloud computing star who joined the "buying new shares" nearly four years ago cleared their inventory this quarter.$Snowflake (SNOW.US)$Please use your Futubull account to access the feature.$Occidental Petroleum (OXY.US)$.
On Friday, August 14th, Eastern Time in the US, Berkshire Hathaway, led by Buffett, submitted a 13F document to the Securities and Exchange Commission (SEC), which disclosed that as the change in the proportion of the five stocks with the largest reduction in holdings in the investment portfolio compared to the first quarter, Apple (AAPL) had the largest reduction in holdings for the quarter, with a reduction of more than 0.389 billion shares, worth about 82 billion US dollars, a 49.3% decrease in the shareholding from the previous quarter, a decrease of more than 10 percentage points in the proportion of the investment portfolio, down to 30.52%.
The above data is consistent with the second-quarter data released by Berkshire Hathaway earlier this month. After Berkshire Hathaway released its financial report, Wall Street saw that the company's holding of Apple in the second quarter was "halved," with the number of shares held dropping from 0.789 billion in the first quarter to about 0.4 billion, a decrease of nearly 50%. This means that Berkshire Hathaway accelerated the reduction of its Apple holdings this year, with a 13% decrease in the first quarter.
Buffett hinted at the Berkshire Hathaway annual meeting in May that the reduction of Apple holdings was due to tax reasons. He pointed out that if the US government wants to make up for the continuously increasing fiscal deficit and raise capital gains taxes, then this year's "minor sale of Apple" will benefit Berkshire Hathaway shareholders in the long run.
Snowflake (SNOW) was the second largest Berkshire Hathaway holding sold in the second quarter behind Apple. In the quarter, Berkshire Hathaway cleared out a total of 6.12 million shares held at the end of the first quarter, worth about 0.84 billion US dollars. However, these shares accounted for a relatively small proportion of Berkshire Hathaway's investment portfolio, only 0.03%.
In terms of the market cap of the shares being reduced, it is the third largest stock in Berkshire Hathaway's second quarter reduction, with reduction of approximately 4.37 million shares and a market cap of approximately $0.68 billion in the quarter. The number of shares held decreased by 3.55% compared to the previous period, and the number of shares reduced was more than 3.11 million shares in the first quarter.$Chevron (CVX.US)$In terms of the market cap of the shares being reduced, financial holding company is the fourth largest stock in the reduction, with a reduction of 2.65 million shares and a market cap of approximately $0.367 billion in the quarter. The number of shares held decreased by approximately 21.3% compared to the previous period.
It is the fifth largest stock being reduced, with a reduction of 0.57 million shares and a market cap of approximately $0.1 billion in the quarter. The number of shares held decreased by 10.9% compared to the previous period.$Capital One Financial (COF.US)$In terms of the market cap of the shares being increased, the stock that Berkshire Hathaway increased the most in the second quarter was Occidental Petroleum, with an increase of 7.26 million shares and a market cap of $0.458 billion in the quarter. The number of shares held increased by 2.9% compared to the previous period, and the number of shares increased by nearly 70% compared to the 4.3 million shares in the first quarter. The Wall Street Journal once mentioned that in the first month of the second quarter, in nine trading days ending on June 17th, Berkshire Hathaway increased its holding of Occidental Petroleum by approximately 7.3 million shares, with a purchase price of around $60 per share, which is equivalent to a total investment of over $0.4 billion. $T-Mobile US (TMUS.US)$The stock that Berkshire Hathaway increased the second most in the second quarter was RH, with an increase of nearly 1.11 million shares and a market cap of approximately $0.283 billion in the quarter. The number of shares held increased by approximately 4.3% compared to the previous period. Chubb Ltd. was a new stock that Berkshire Hathaway entered in the first quarter.
The fourth largest increase in the second quarter was the satellite broadcasting company Sirius XM, with an increase of approximately 96.2 million shares and a market cap of approximately $0.272 billion in the quarter. The number of shares held increased by 262.2%. The fifth largest increase in the second quarter was a new face - the beauty company Ulta Beauty, with Berkshire Hathaway purchasing 0.69 million shares of Ulta Beauty for a market cap of approximately $0.266 billion. In addition to Ulta Beauty, in the second quarter, Berkshire Hathaway also entered defense company Heico with a purchase of 1.04 million shares. In addition to Snowflake, Berkshire Hathaway also liquidated 7.53 million shares. $Occidental Petroleum (OXY.US)$ In the quarter, they increased their shareholding by 7.26 million shares, with a market cap of 0.458 billion dollars, a 2.9% increase from the previous quarter. The number of shares they added is nearly 70% more than the 4.3 million shares they added in the first quarter. According to Wall Street news, in the first month of the second quarter, Berkshire Hathaway bought approximately 7.3 million shares of Occidental Petroleum over the nine trading days ending on June 17th, at a purchase price of around $60 per share, investing more than 0.4 billion dollars in total.
The stock that Berkshire Hathaway increased the third most in the second quarter was the cloud computing company Salesforce.com, with an increase of nearly 0.986 million shares and a market cap of approximately $0.279 billion in the quarter. The number of shares held increased by approximately 1.2% compared to the previous period. $Chubb Ltd (CB.US)$ In the second quarter, Berkshire Hathaway entered a new stock, the energy company Dominion Energy, with a purchase of approximately 5.2 million shares for a market cap of approximately $0.283 billion.
In terms of the market cap of the shares being increased, the stock that Berkshire Hathaway increased the most in the second quarter was Occidental Petroleum, with an increase of 7.26 million shares and a market cap of $0.458 billion in the quarter. The number of shares held increased by 2.9% compared to the previous period, and the number of shares increased by nearly 70% compared to the 4.3 million shares in the first quarter. The Wall Street Journal once mentioned that in the first month of the second quarter, in nine trading days ending on June 17th, Berkshire Hathaway increased its holding of Occidental Petroleum by approximately 7.3 million shares, with a purchase price of around $60 per share, which is equivalent to a total investment of over $0.4 billion.$Sirius XM (SIRI.US)$ The fourth largest increase in the second quarter was the satellite broadcasting company Sirius XM, with an increase of approximately 96.2 million shares and a market cap of approximately $0.272 billion in the quarter. The number of shares held increased by 262.2%. The fifth largest increase in the second quarter was a new face - the beauty company Ulta Beauty, with Berkshire Hathaway purchasing 0.69 million shares of Ulta Beauty for a market cap of approximately $0.266 billion. In addition to Ulta Beauty, in the second quarter, Berkshire Hathaway also entered defense company Heico with a purchase of 1.04 million shares. In addition to Snowflake, Berkshire Hathaway also liquidated 7.53 million shares.$Ulta Beauty (ULTA.US)$ The fourth largest increase in the second quarter was the satellite broadcasting company Sirius XM, with an increase of approximately 96.2 million shares and a market cap of approximately $0.272 billion in the quarter. The number of shares held increased by 262.2%. The fifth largest increase in the second quarter was a new face - the beauty company Ulta Beauty, with Berkshire Hathaway purchasing 0.69 million shares of Ulta Beauty for a market cap of approximately $0.266 billion. In addition to Ulta Beauty, in the second quarter, Berkshire Hathaway also entered defense company Heico with a purchase of 1.04 million shares. In addition to Snowflake, Berkshire Hathaway also liquidated 7.53 million shares.
The defense stock that Berkshire Hathaway entered in the second quarter was Heico, with a purchase of 1.04 million shares.$Heico-A (HEI.A.US)$ In addition to Snowflake, Berkshire Hathaway also liquidated 7.53 million shares. $Paramount Global-B (PARA.US)$.
As of the end of the second quarter, Apple is still Berkshire's highest-held stock, and the rankings of the other top ten holdings are also the same as in the first quarter. $Bank of America (BAC.US)$N/A.$American Express (AXP.US)$,coca-cola (KO.US) and$Chevron (CVX.US)$Please use your Futubull account to access the feature.$Occidental Petroleum (OXY.US)$N/A.$The Kraft Heinz (KHC.US)$and$Moody's (MCO.US)$N/A.$Chubb Ltd (CB.US)$,$DaVita (DVA.US)$.
As of the end of Q2, Berkshire Hathaway's total holding market value decreased from $332 billion to $280 billion. Due to the net sale of $75.5 billion in stocks during the quarter, Berkshire Hathaway's cash holdings rose to a record $276.9 billion, a staggering 46.5% increase compared to Q1's $189 billion. Berkshire Hathaway has sold more stocks than bought for seven consecutive quarters.
Editor/Somer