August 3, 2024

In the three months ending in June, Berkshire Hathaway sold a net $75.5 billion in stocks, contributing to a record cash reserve of $280 billion. The firm notably divested nearly 50% of its holdings in Apple during the second quarter of 2024, following a prior reduction of approximately 13% in the first quarter. Despite these significant sales, Apple remains a substantial holding within Berkshire Hathaway’s portfolio, they now own approximately 5.7% of Apple, down from nearly 10%.

Furthermore, Berkshire Hathaway has been actively reducing its shares in Bank of America. Concurrently, the firm has been accumulating its cash reserves, which have now reached $277 billion.

Additionally, the firm has recently sold shares in Chevron and General Motors.