In what was a fairly uneventful quarter for Warren Buffett’s Berkshire Hathaway, the large hedge fund made only some modest modifications to its portfolio in This fall 2023, which as of Dec 31, 2023 was valued as $347.4 billion (at the very least the lengthy guide, brief positions do not should be disclosed).
Among the many notable modifications, Berkshire offered out of its whole stake in homebuilder DR Horton (valued at $641MM in Q3), Markel ($234MM), StoneCo ($114MM) and Globe Life ($90MM).
The fund additionally decreased its holdings in its prime place Apple, by 10 million shares, reducing the whole stake from 915.6MM to 905.6MM shares, though because the worth of the underlying shares really rose from $157 billion to $174 billion, the discount was most likely as a consequence of measurement limitations.
Berkshire additionally trimmed its holdings of Paramount International by 30 million shares, or 32.4%, from 93.7 million to 63.3 million shares (which despatched the inventory down 6% after hours), and slashed its stake in HP Inc by 77.7% (or 80 million shares), from 102.5 million to 22.9 million shares.
Lastly, whereas Berkshire didn’t reveal any new positions, it added to its holdings in vitality giants Chevron – a rise of 14.4% to 126 million shares – and Occidental, which rose by 8.7% to 243.7 million shares. The fund additionally added 30.6 million shares to its present small stake in Sirius XM, bringing it to a complete of 40.2 million shares, or $220 million as of Dec 31.
The complete This fall breakdown is proven beneath.
Supply: SEC 13F.
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