Warren Buffett is selling down his stocks. Here are his top 5 holdings
Warren Buffett turned heads as he dumped another big portion of his Apple stake, and here’s where his top holdings stood at the end of the third quarter. Berkshire Hathaway disclosed in its earnings report that approximately 70% of its equity portfolio was concentrated in just five stocks — Apple, Bank of America , Coca-Cola , American Express and Chevron . The Oracle of Omaha downsized his Apple stake for the fourth straight quarter, dumping about a quarter of the bet with $69.9 billion worth of shares left at the end of September. Earlier this year, Buffett signaled that his selling of Apple was motivated by likely higher capital gains taxes down the road, but the magnitude of his sales has led many to speculate it was due to valuation concerns, company reasons or portfolio management. Apple is not the only stock Buffett has been offloading. Since mid-July, Berkshire has reaped more than $10 billion from selling its longtime Bank of America investment. The earnings report only reflects end-of-September holdings. Berkshire has sold more BofA shares in October, bringing the bank stake to just under 10%, a key threshold that requires frequent disclosure with the regulators. After months of selling, Bank of America is no longer Berkshire’s second biggest holding. It has fallen behind America Express as Berkshire owned $41.1 billion in the credit card company at the end of the third quarter. The Omaha-based conglomerate’s Chevron holding was untouched last quarter, worth $17.5 billion at the end of September. The energy stock is up just 2.6% this year, significantly lagging the broader market. Its longtime holding Coca-Cola was also held steady last quarter, worth $28.7 billion. The consumer giant’s stock has gained 10.3% in 2024, compared to the S & P 500’s 20.1% return.
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