Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway (BRK.A, Financial) provided highlights of its equity portfolio in a 13F filing for Q3 2024. The investment vehicle significantly reduced its stake in Apple (AAPL, Financial), selling 100 million shares for $23 billion. This follows a large sale earlier in the year, where Berkshire offloaded over 500 million shares for $94 billion. These sales have secured $95 billion in gains so far this year.
In addition to trimming its Apple holdings, Berkshire also reduced its position in Bank of America (BAC, Financial), divesting 23% of its stake for $10 billion and securing a $6 billion profit. Nevertheless, Berkshire still owns about 10% of the bank, and shareholders approved the reduction.
On the acquisition side, Berkshire made strategic moves, adding new positions in Domino's Pizza (DPZ, Financial) with a $605 million purchase of 1.3 million shares, and Pool Corporation (POOL, Financial) with $140 million worth of shares.
As of September 2024, Berkshire's total equity investments amounted to $266.4 billion, reflecting a 4.9% decrease compared to the previous quarter. This shift in the portfolio signals a redefined investment strategy, balancing risk management and future growth in a changing market environment.
