PG - Buffett's Berkshire Trimmed Chevron Stake While Cashing Out Of GM And This COVID Stock: Here's How The Sage Of Omaha Adjusted His Portfolio In Q3 | Benzinga
Billionaire investor Warren Buffett-run Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) maintained its core portfolio stocks largely unchanged in the third quarter but divested a slew of stocks including legacy automaker General Motors Corp. (NYSE:GM).
Core Holdings: Berkshire maintained its stake in its biggest portfolio holding, namely Apple, Inc. (NASDAQ:AAPL), at 915,560382 shares at the end of the third quarter, 13-F filed with the SEC late Tuesday showed. In value terms, Berkshire’s Apple stake was at $156.75 billion.
The company said in the 10-Q report released earlier this month that about 78% of the aggregate fair value of its equity portfolio was concentrated in five companies, namely Apple, Bank of America Corp. (NYSE:BAC), American Express Co. (NYSE:AXP), Coca-Cola Company (NYSE:KO) and Chevron Corp. (NYSE:CVX).
The 13-F showed that the number of shares of each of these companies was unchanged, save Chevron. The company trimmed its stake in the oil giant from 123,120,120 shares at the end of the June quarter to 110,248,289 shares, a 10.45% reduction in terms of the number of shares held. In value terms, Berkshire now holds $18.59 billion worth of Chevron shares.
Oil rallied over 28% in the third quarter amid worries concerning supply disruptions amid geopolitical tensions. A barrel of oil ended the quarter ...