Warren Buffett’s Berkshire Hathaway made significant changes to its investment portfolio in the final quarter of 2023, according to the firm’s 13-F filing.
The notable transactions include:
Selling off approximately 10 million shares of Apple stock, amounting to almost $2 billion.
Liquidating the majority of its position in HP and about half of its shares of Paramount Global.
Increasing its holdings in Chevron and Occidental Petroleum, along with Sirius XM Holdings.
Additionally, Berkshire Hathaway exited large positions in StoneCo and D.R. Horton, as well as smaller positions in insurance firms Globe Life and Markel. These moves suggest a strategic reshuffling of Berkshire Hathaway’s investment priorities during the specified period.
Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) made significant adjustments to its portfolio in the final quarter of 2023, as indicated by the firm’s 13-F filing.
Among these changes, Berkshire Hathaway sold off approximately 10 million shares of Apple (AAPL) stock, representing nearly $2 billion worth of holdings.
This transaction marked a notable shift in Berkshire Hathaway’s investment strategy during the specified period.
During the last months of 2023, Berkshire Hathaway made significant additions to its preexisting positions, particularly in the energy and media sectors.
The company purchased an additional 16 million shares of Chevron (CVX) and another 19 million shares of Occidental Petroleum (OXY), bolstering its presence in the energy industry.
Additionally, Berkshire Hathaway quadrupled its position in Sirius XM (SIRI) by adding about 30 million additional shares. These moves demonstrate Berkshire Hathaway’s confidence in these companies and its strategic focus on expanding its holdings in key sectors.