Warren Buffett’s Latest Stock Moves: What You Need to Know
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has been making headlines recently with his latest stock moves. In a recent filing with the Securities and Exchange Commission, it was revealed that Buffett sold over 389 million shares of Apple during the second quarter of this year. Despite the sell-off, Berkshire still holds 400 million shares of the tech giant, making it the conglomerate’s largest position in its stock portfolio.
But the Apple sell-off isn’t the only big move Buffett has made recently. Berkshire has also been trimming its investments in companies like Bank of America, Chevron, Capital One, Floor & Decor Holdings, T-Mobile, and Louisiana Pacific. Additionally, Berkshire also unloaded its nearly $1 billion investment in Snowflake.
As a result of all this selling, Berkshire’s cash pile has reached a record level of $277 billion. However, Buffett has been putting some of that cash to work by sinking more money into insurer Chubb and oil producer Occidental Petroleum. He also revealed smaller new investments in aerospace parts maker Heico Corp. and cosmetics retailer Ulta Beauty.
While the quarterly filings don’t specify which moves Buffett personally made, investors closely watch his actions because of his successful track record over the decades. In addition to the $300 billion stock portfolio, Berkshire also owns major insurers like Geico, one of the nation’s largest railroads in BNSF, utilities, and a variety of manufacturing and retail companies including Dairy Queen, Helzberg Diamonds, and NetJets.
At Extreme Investor Network, we believe that staying informed about the latest moves from investment gurus like Warren Buffett can help you make more informed decisions about your own portfolio. Keep up with our blog for more updates on the world of finance and investing.