Berkshire, managed by Buffett, released its latest form 13F, its position report for the fourth quarter of 2019, on February 15th.

Berkshire's Q4 totaled $242.051 billion, up 12.75% from a month earlier. During the reporting period, BerkshireReduced holdings by 8 companies.The company, at the same timeIncreased holdings of 4 companiesBuy 4 new companies / ETF.Specifically, the main changes this time are:

• Reduce his holdings of Apple Inc, but it is still the largest heavy stock.

  Berkshire reduced its stake in Apple Inc by nearly 1.5% to about 245 million shares at the end of the year, with a market capitalization of about $72 billion.Apple Inc accounts for 29.74% of Berkshire's total position, still the largest heavy stock.

  

• Reduce the holdings of 8 targets, 5 for financial stocks

  Berkshire has reduced its holdings in financial stocks, including Wells Fargo & Co, Bank of America Corporation and Goldman Sachs Group Bank.This is to avoid a stake of more than 10 per cent, causing scrutiny by regulators.Berkshire's stake in the first two is close to 10 per cent, although Goldman Sachs Group Bank holds only 3.4 per cent.

  Of the eight Berkshire Q4 companies that sold their holdings, five were in the financial sector. However, it is worth mentioning that JPMorgan Chase & Co and U.S. Bancorp's position has not changed.

  

• Increase the holdings of 4 companies

Berkshire has increased its holdings in four companies, including$Western Oil (OXY.US) $(largest increase in holdings), high-end furniture brands$RH (RH.US) $、$Senke Energy (SU.US) $And$General Motors Co (GM.US) $.

• Buy 4 new targets

Buy new biotech companies$biochemical gene (BIIB.US) $And supermarket chains.$Kroger (KR.US) $With a market capitalization of $192 million and $549 million respectively at the end of the year, both shares rose after the announcement.

Buy two new ETF-- for a small amountS & P 500 ETF-SPDR (SPY.US) $AndS & P 500ETF-Vanguard (VOO.US) $With a total market capitalization of $25.4 million.

According to public data, Biogen is mainly engaged in the research, development and commercialization of the treatment of cancer, autoimmunity and exciting diseases. Kroger is the third largest retail group in the United States after Walmart Inc and The Home Depot Inc.Berkshire sold out the retail company again after the clearance of Walmart Inc in 2018, which attracted the attention of the market.

The following figure shows the top five companies Berkshire bought and sold in the fourth quarter of 2019:

On the wholeBerkshire's top five stocks in the fourth quarter are as follows:$Apple Inc (AAPL.US) $、$Bank of America Corporation (BAC.US) $、$Coca-Cola Company (KO.US) $、$American Express Co (AXP.US) $、$Wells Fargo & Co (WFC.US) $The proportion of total positions is 29.74%, 13.46%, 9.14%, 7.8% and 7.12% respectively, and the total position ratio of the top five major stocks is about 67%.

Futu Securities collates for you according to Berkshire's latest 13F document.Buffett position (BK2999.US) $Concept section, you can click to view.