Warren Buffett’s Berkshire Hathaway trims Apple stake by 6%

Warren Buffett’s Berkshire Hathaway trimmed its stake in Apple by about 6%, selling 57.16 million shares, during the fourth quarter, according to a 13-F securities filing. Apple is still Berkshire Hathaway’s largest stock holding.

Warren Buffett addresses shareholders at the annual meeting of his Berkshire Hathaway Inc. during webcast due to COVID-19 pandemic, in Omaha, Nebraska May 2, 2020 (video still via Yahoo Finance)
Warren Buffett addresses shareholders at the annual meeting of his Berkshire Hathaway Inc. during webcast due to COVID-19 pandemic, in Omaha, Nebraska May 2, 2020 (video still via Yahoo Finance)

Julia La Roche for Yahoo Finance:

Berkshire Hathaway now holds 147.6 million shares of Verizon, a stake valued at around $8.6 billion at the end of 2020, making it the 6th largest position in the famed stock picker’s portfolio.

Berkshire Hathaway also disclosed new stakes in Chevron (CVX) and E.W. Scripps & Co. (SSP). Berkshire snapped up 48.4 million shares of Chevron and 23.07 million shares of E.W. Scripps in the quarter, the filing shows.

The filing also shows that Berkshire boosted its stakes in pharmaceutical companies including AbbVie (ABBV), Bristol Myers Squibb (BMY), and Merck (MRK), positions first disclosed in the third quarter of 2020. Berkshire sold all of its Pfizer (PFE) shares… Berkshire sold all of its shares in Barrick Gold (GOLD), a position first disclosed in the second quarter of 2020.

MacDailyNews Note: To reiterate: Apple is still Berkshire Hathaway’s largest stock holding, by far. Berkshire Hathaway’s 13-F securities filing is here.

12 Comments

  1. Apple stock is moving due south since Tim Cook decided to make Apple the Thought Control Division of the State. Expect is to plummet further with this new idea of pissing on 60% of America.

    1. Hey Kent…..why don’t you disappear like your buddies FT and GoeB? The US is returning to normal slowly and Macdailynews will become a News group again vs a political one where you guys (or girls) vent your crap because you are pathetic and inherently unhappy people.

  2. I would think they’d sell some Apple shares from time to time to buy other stocks for their portfolio instead of just loading up on one stock. I’ll have to look into Verizon. I didn’t think there was anything unusual about it although it does have a pretty nice dividend and it looks as though the stock has some potential upside. It’s a stock I could buy about 50 shares or so just to be in it if it moves upwards.

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