Buffett's Berkshire Trimmed Chevron Stake While Cashing Out Of GM And This COVID Stock: Here's How The Sage Of Omaha Adjusted His Portfolio In Q3
Portfolio Pulse from Shanthi Rexaline
In Q3, Berkshire Hathaway, led by Warren Buffett, made several adjustments to its portfolio. It maintained its largest holding in Apple but trimmed its Chevron stake by 10.45%. Berkshire sold all its shares in GM, Celanese, Johnson & Johnson, Procter & Gamble, and UPS. New additions included Atlanta Braves Holdings and Sirius XM, while stakes in HP and Amazon were reduced. Core holdings in Bank of America, American Express, Coca-Cola, and Occidental Petroleum remained unchanged, as did positions in Lennar, D.R. Horton, Capital One, Mastercard, Visa, Snowflake, VeriSign, Kroger, Mondelez, and ETFs SPDR S&P 500 and Vanguard 500 Index Fund.
November 15, 2023 | 7:47 am
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NEGATIVE IMPACT
Berkshire Hathaway reduced its stake in Chevron by 10.45%, which may influence investor sentiment in the short term.
The reduction in Chevron shares by a notable investor like Berkshire could lead to a negative short-term sentiment among investors, potentially affecting the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Berkshire Hathaway completely exited its position in General Motors, which could have a negative short-term impact on GM's stock.
The sale of all shares in GM by Berkshire may be viewed negatively by the market, potentially leading to a decrease in GM's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Berkshire Hathaway's Q3 portfolio adjustments reflect strategic divestments and investments, maintaining stability in core holdings.
As the company making the portfolio adjustments, Berkshire Hathaway's stock may see neutral short-term impact as the changes reflect routine portfolio management rather than a significant shift in strategy.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Berkshire Hathaway sold all its shares in Activision, which was acquired by Microsoft, potentially indicating a neutral impact on Microsoft's stock.
The sale of Activision shares following its acquisition by Microsoft is a neutral event for Microsoft as it is part of the acquisition process and likely already priced into the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Berkshire Hathaway's unchanged stake in SPDR S&P 500 ETF Trust reflects a steady investment approach to the broader market.
The unchanged position in SPY indicates a neutral impact as it aligns with Berkshire's long-term investment strategy and does not suggest a change in market outlook.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Berkshire Hathaway's steady holding in Vanguard 500 Index Fund indicates a consistent investment strategy.
Maintaining its stake in VOO suggests a neutral impact on the ETF as it is part of Berkshire's broader investment strategy without indicating a shift in sentiment.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Berkshire Hathaway maintained its significant stake in Apple, indicating continued confidence in the tech giant.
Maintaining a large stake in Apple suggests a positive outlook on the company's performance, which could positively influence Apple's stock in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90