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Berkshire Hathaway made some changes to its portfolio at the end of the April-June period, the first few under its new CEO Greg Abel, after Warren Buf...
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Berkshire Hathaway made some changes to its portfolio at the end of the April-June period, the first few under its new CEO Greg Abel, after Warren Buffett took a step back from the day-to-day affairs of the mega conglomerate. While the fund has doubled-down on its stake in Alphabet, it has deployed its massive cash pile into a flurry of home-builder names as well. Here's a look at its top 10 holdings:
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Apple remains Berkshire Hathaway's largest holding, which as of June 30, valued at $66 billion. The holdings have remained unchanged from the previous quarter, as in no new buying or selling in the stock was done during the quarter. The shares of Apple have gained 12.9% in the year-to-date period.
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American Express remains the second-largest holding of Berkshire Hathaway at the end of the June quarter. These holdings were valued at nearly $52 billion at the end of Q2. No fresh buying or selling was done in this stock either in Q2. The shares of American Express have declined by 8.1% in the year-to-date period.
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Berkshire Hathaway has doubled down on its Google-parent Alphabet Inc. stake. At the end of Q2, that stake stood at nearly $38 billion, a 83.2% jump from the previous quarter. CEO Greg Abel, who had taken over from Warren Buffett at the start of the year, had disclosed a $10 billion stock investment in Alphabet in June. The shares of Alphabet have gained as much as 8.95% in the year-to-date period.
(Photo Credit :
Reuters
)
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Coca-Cola is now the fourth-largest Berkshire Hathaway holding, valued at nearly $33 billion. The holding has remained unchanged since the previous quarter. The company's shares have gained 26.9% in the year-to-date period as of the close of Friday's US trade.
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Bank of America has now slipped to the fifth spot in Berkshire Hathaway's largest holdings, still valued at $27.5 billion, after consistent selling during Warren Buffett's time. The holdings have declined by 5.92% compared to the previous quarter. The shares of the company have gained 15.3% in the year-to-date period as of the close of Friday's US trade.
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Berkshire Hathaway now holds Chevron shares worth nearly $14 billion with no addition or selling of the stock during the quarter. The company's shares have gained 28.3% in the year-to-date period as of the close of Friday's US trade.
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Occidental Petroleum is one stock which Warren Buffett continued to add stake in during a better part of the post-Covid period. As of Friday's close, that stake is now valued at nearly $13 billion. No changes were made to these holdings during the June quarter. The company's shares have gained 38% in the year-to-date period.
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Berkshire Hathaway continues to hold shares of Chubb Ltd., which are now valued at $11.7 billion. The conglomerate made no addition or removal to its stake during the quarter. The company's shares have gained 11% in the year-to-date period as of the end of Friday's US trade.
(Photo Credit :
Reuters
)
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Moody's is also a part of Berkshire Hathaway's top 10 holdings at the end of the second quarter as per its disclosures. The firm now holds Moody's shares worth $11.1 billion at he end of the June quarter. The company's shares have underperformed so far this year, having declined fallen 2.8%.
(Photo Credit :
Reuters
)
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Kraft Heinz completes the list of top 10 holdings of Berkshire Hathaway, with the conglomerate's stake now being valued at $7.7 billion, with no changes made during the quarter. The company's shares have gained 4.6% in the year-to-date period as of the close of Friday's US trade.
