Buffett’s big moves

In the first quarter of 2024, Warren Buffett’s Berkshire Hathaway continued selling off its stake in Apple, the company’s largest holding and sold its entire stake in HP.

This was revealed in Berkshire’s 13F filing with the SEC, which is required for all investors who manage over $100 million in funds.

Berkshire did not add any new companies to its portfolio but added to its stake in Liberty Media Corp, insurer Chubb Limited, and Occidental Petroleum.

The firm also continued to reduce its stake in tech giant Apple. Although it has been selling off the company’s shares for around a year, this was the largest reduction since 2020.

Berkshire cut its stake in Apple by over 12%. While it is still the firm’s largest holding, it was reduced from 50.19% in Q4 2023 to 40.81%.

This cut the value of Berkshire’s portfolio to $331.68 billion – compared to $347.36 billion the previous quarter – with 41 stocks.

Buffett is a titan in the realm of investing, with his influence having had an enduring imprint on the financial landscape.

He was elevated to icon status within the investment community through his remarkable achievements and relatable demeanour.

His investment journey started in Omaha, Nebraska, where his early fascination with business and finance took root.

Since his formative years, Buffett has immersed himself in financial literature and meticulously studied stock market trends.

With an unwavering passion for investment, he pursued higher education and ultimately obtained a Master of Science in Economics from Columbia Business School.

In 1956, Buffett embarked on his entrepreneurial path, establishing his own investment partnership and laying the groundwork for his future triumphs.

In 1965, Buffett made a pivotal move by assuming control of Berkshire Hathaway, transforming it from a textile company into a global investment powerhouse.

At 93, Buffett remains at the helm of Berkshire Hathaway.

Central to Buffett’s investment philosophy is value investing, wherein he identifies undervalued companies with strong fundamentals – a strategy that has yielded remarkable returns over time.

Beyond his investment acumen, Buffett’s humility and frugality, despite his immense wealth, have garnered widespread admiration.

He resides in the same modest home he purchased decades ago and shuns ostentatious displays of affluence.

Buffett’s annual shareholder letters and engaging presence at Berkshire’s annual meetings have endeared him to investors worldwide.

Moreover, his philanthropic endeavours underscore his commitment to giving back. He has pledged to donate the majority of his fortune to charitable causes.

Through initiatives like The Giving Pledge, co-founded with Bill and Melinda Gates, Buffett’s philanthropic leadership has inspired numerous billionaires to join in the spirit of giving.

Berkshire Hathaway share portfolio

The table below shows Warren Buffett’s Berkshire Hathaway top holdings on 31 March 2024.

CompanyPortfolio PercentageChangeValue
AAPL – Apple Inc.40.81%Reduce 12.83%$135,360,902,000
BAC – Bank of America Corp.11.81%No change$39,165,748,000
AXP – American Express10.41%No change$34,520,240,000
KO – Coca Cola Co.7.38%No change$24,472,000,000
CVX – Chevron Corp.5.85%Reduce 2.47%$19,398,898,000
OXY – Occidental Petroleum4.86%Add 1.77%$16,118,698,000
KHC – Kraft Heinz Co.3.62%No change$12,015,925,000
MCO – Moody’s Corp.2.92%No change$9,695,962,000
CB – Chubb Limited2.03%Add 28.97%$6,717,645,000
DVA – DaVita HealthCare Partners1.50%No change$4,982,993,000
Source: Dataroma


Top JSE indices