Warren Buffett, the legendary investor and CEO of Berkshire Hathaway (NYSE: BRK.A) , has long been known for his strategic stock picks and long-term investment philosophy.
Among his diverse portfolio, one stock stands out as his largest holding: Apple (NASDAQ: AAPL). As of the latest data, Apple constitutes a significant 40.81% of Berkshire Hathaway’s portfolio, translating to a market value of approximately $135.36 billion.
Buffett’s investment in Apple began in early 2016, recognizing the tech giant’s strong brand, robust financials, and consistent innovation under CEO Tim Cook. Since then, Apple has not only become Buffett’s most substantial investment but also one of the most profitable.
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Over the years, Apple’s stock has surged, driven by the company’s dominance in the technology sector, particularly through its flagship product, the iPhone, and its growing services segment.
Warren Buffett stocks in 2024
In the first quarter of 2024, Buffett made a notable reduction in his Apple holdings, selling 116,191,550 shares. This move is part of a broader trend where Buffett has occasionally trimmed his position in Apple, often as part of portfolio rebalancing efforts.
Despite these sales, Apple remains the cornerstone of Berkshire’s equity portfolio, significantly outweighing other major holdings like Bank of America (NYSE: BAC) (11.81%), American Express (10.41%), and Coca-Cola (NYSE: KO) (7.38%).
In addition to Apple, recent portfolio updates show Buffett’s continued strategic adjustments. Notably, Berkshire has fully exited its position in HP Inc (NYSE: HPQ), selling all 22,852,715 shares. Conversely, Berkshire has added new positions, such as 5,823,840 shares in Chubb (NYSE: CB), for a total change of 28.97% from the previous quarter.
Buffett’s confidence in Apple is underscored by the company’s strong financial health, consistent revenue growth, and ability to return capital to shareholders through dividends and stock buybacks. As of the latest updates, Apple’s stock price has seen a year-to-date increase, further solidifying its position as a linchpin in Buffett’s portfolio.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
