How Warren Buffett’s Berkshire Portfolio Modified So Far This 12 months

Warren Buffett‘s Berkshire Hathaway (BRK.A, BRK.B) has had an attention-grabbing yr portfolio-wise with its money pile reaching a document excessive, notable cutbacks in some long-standing investments, and a few offbeat new bets.

Because the yr attracts to an finish, let’s check out how Berkshire’s holdings have modified this yr to this point.

We’re utilizing essentially the most lately out there regulatory filings for this knowledge. Nevertheless, they could not symbolize essentially the most present state of Berkshire positions as stories for the fourth quarter of 2024 shall be filed early subsequent yr.

Berkshire’s File Money Pile

On the finish of the third quarter, Berkshire Hathaway’s money pile swelled to a document $325.2 billion, with greater than 88%—$288 billion—invested in U.S. Treasurys.

Buyers shall be seeking to subsequent yr to see how Berkshire deploys that money—whether or not it is investing in different shares or shopping for again its personal shares.

Plenty of that cash got here from promoting shares. Berkshire in the reduction of on some main holdings and even orchestrated just a few exits.

Massive Cuts to Apple, BofA Stakes

Buffett scaled again Berkshire’s stake in its largest holding, Apple (AAPL), to only a third of what it was on the finish of final yr. The corporate offered greater than 600 million Apple shares this yr, bringing the worth of its stake right down to roughly $70 billion on the finish of September from almost $175 billion on the finish of 2023.

Buffett notably trimmed Berkshire’s holdings of Financial institution of America (BAC) inventory as nicely. Berkshire offered greater than 235 million shares within the nation’s second-largest financial institution, decreasing it stake to lower than 10% of the financial institution’s excellent shares by October and it now not has to report its transactions.

The corporate additionally diminished its holdings this yr of Capital One Monetary (COF), Constitution Communications (CHTR), Chevron (CVX), Louisiana-Pacific (LPX), Nu Holdings (NU), and T-Cellular US (TMUS).

New Shares in Berkshire’s Portfolio

Berkshire Hathaway made at the very least 4 new inventory purchases this yr by betting on magnificence merchandise maker Ulta Magnificence (ULTA), Domino’s Pizza (DPZ), aerospace and electronics agency Heico Corp. (HEI), and swimming pool provider Pool Corp. (POOL).

Berkshire first revealed its stake in Ulta Magnificence within the second quarter however offered greater than 96% of its shares within the third quarter—uncommon for the conglomerate, which is thought to carry its investments for a few years.

Nevertheless, Berkshire added to its Heico holdings within the third quarter, climbing it stake by a bit over 5,000 shares to 1.05 million shares. The corporate additionally added to its current positions this yr in Occidental Petroleum (OXY) and Sirius XM (SIRI).

Technically, Berkshire acquired into a brand new place in insurance coverage firm Chubb (CB) final yr, but it surely requested the U.S. Securities and Alternate Fee (SEC) preserve that data non-public. The stake was lastly revealed earlier this yr.

Inventory Positions Berkshire Exited

One of many greatest inventory exits for Berkshire Hathaway this yr was promoting its greater than 22 million shares in HP (HPQ) valued at about $688 million on the finish of 2023.

Buffett’s holding firm additionally offered all its 63.3 million shares in Paramount International (PARA) at a loss, the legendary investor admitted at Berkshire’s annual shareholders assembly held in Might.

Berkshire offered its fairness holdings in Flooring & Decor (FND) and Snowflake (SNOW) too.