As one of the most famous investors of all time, Warren Buffett’s financial moves are keenly watched by investors. The ‘Oracle of Omaha’ is a value investor, preferring to own stock in companies with competitive edges and attractive valuations.
Over the course of 2024, the billionaire has made numerous adjustments to his portfolio — most notable of which are slashing his stakes in Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC). Others have pointed to his record-breaking cash stockpile as a sign that equities have become too risky at present.
Now, Buffett has once again shaken up his portfolio, per a Form 13-F filing made public on November 14.
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Buffett’s AAPL and BAC selling spree continues
Most notably, Buffett seems to be holding a steady course when it comes to AAPL and BAC — his company, Berkshire Hathaway (NYSE: BRK.A) reduced its stakes in both companies.
In Q2 2024, Berkshire held 400,000,000 AAPL shares — that position has been slashed by 25% down to 300,000,000.
Bank of America is a stock that Buffett has been consistently selling throughout 2024 — so it comes as little surprise that this quarter saw a 23% reduction in his stake, from 1,032,852,006 BAC shares down to 797,683,307. The investor now owns less than 10% of the company — which means that he is no longer obligated to report trades to the SEC within days.
At press time, AAPL stock was trading at $225.86 — having marked a 2.56% loss on the monthly chart after a relatively lukewarm reaction to the company’s Q4 2024 earnings call, bringing year-to-date (YTD) gains up to 21.66%.
BAC stock, on the other hand, has seen a 6.17% price surge over the last 30 days, bolstering YTD returns to 34.04% at the time of writing.
Buffett’s closed, reduced, and new positions
Only one of Buffett’s holdings was completely eliminated — Floor & Decor Holdings (NYSE: FND) saw all 3,977,870 shares sold off. Ulta Beauty (NASDAQ: ULTA) was the second hardest hit — as Berkshire divested from 96% of their ULTA shares, selling 665,903 and keeping just 24,203.
Although the famed investor was initially bullish on SiriusXM (NASDAQ: SIRI), he appears to have had a change of heart — as his holdings in SIRI stock were reduced by 20.8%.
Two new stocks were added to the portfolio. Domino’s Pizza (NYSE: DPZ) was the more significant addition — with 1,277,256 DPZ shares worth roughly $549.4 million purchased. The news caused DPZ shares to rally by 7.32% in the premarket trading session.
In addition, Buffett opened a position in Pool Corp (NASDAQ: POOL) with the purchase of 404,057 shares for approximately $152.25 million. POOL stock surged 7.67% in premarket trading following the announcement.
Overall, Berkshire remains a net seller of stocks — in the quarter, roughly $36 billion in stocks was sold, while only $1.5 billion was purchased.
