Warren Buffett, Berkshire Hathaway offload Apple inventory – what are they shopping for now?

Berkshire Hathaway, the conglomerate led by Warren Buffett, diminished its holdings in Apple by roughly 1% throughout the ultimate quarter of 2023, in line with latest Securities and Exchange Commission (SEC) filings.

Following the sale, Berkshire Hathaway’s stake in Apple now represents 5.9% of the tech behemoth, valued at round $176 billion. This constitutes greater than half of Berkshire Hathaway’s inventory portfolio, which exceeds $300 billion in complete worth.

As per a report from Quartz, the choice to trim its Apple funding, coupled with the corporate’s vital discount of its HP stake by 78%, is being interpreted by some market watchers as an indicator of difficult occasions forward for know-how companies targeted on {hardware}.

In distinction, Buffett’s latest funding decisions recommend a rising affinity for the power sector. In the final quarter of 2023, the corporate raised its Chevron stake to over $18 billion and boosted its holdings in Occidental Petroleum to roughly $14.5 million.

Additionally, Berkshire Hathaway expanded its funding in SiriusXM, with its stake now valued at about $220 million, highlighting a strategic diversification of its funding portfolio in the direction of power and media belongings.

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