Warren Buffett's Berkshire Confirms Apple Sale, Dumps This PC Maker, Finally Reveals Mystery Stock: Here Are The Portfolio Changes To Know
Portfolio Pulse from Shanthi Rexaline
Warren Buffett's Berkshire Hathaway has made several portfolio changes, including trimming its stakes in Apple and Chevron, selling all its shares in HP Inc., and revealing a new significant investment in Chubb Limited. The firm also reduced its positions in Louisiana-Pacific Corporation, Paramount Global, and Sirius XM Holdings.
May 16, 2024 | 1:54 pm
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Berkshire Hathaway has reduced its Apple stake by over 116 million shares, marking the second consecutive quarter of dilution.
The reduction in Apple's stake by Berkshire Hathaway could signal a lack of confidence or a strategic move to manage tax liabilities and cash reserves, potentially leading to short-term downward pressure on Apple's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Berkshire Hathaway sold 3.1 million shares of Chevron in the first quarter after adding 15.9 million shares in the previous quarter.
The sale of Chevron shares by Berkshire Hathaway may indicate a reassessment of its position in the oil giant, potentially leading to short-term downward pressure on Chevron's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Berkshire Hathaway sold all 22.85 million shares of HP Inc. it held, worth $687.64 million.
The complete exit from HP Inc. by Berkshire Hathaway could be seen as a lack of confidence in the company's future prospects, likely leading to short-term downward pressure on HP's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Berkshire Hathaway significantly reduced its stake in Paramount Global, selling 88.11% of its shares.
The substantial reduction in Paramount Global shares by Berkshire Hathaway could indicate a lack of confidence in the company's future, potentially leading to short-term downward pressure on Paramount's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Berkshire Hathaway reduced its stake in Sirius XM Holdings by 8.85%.
The reduction in Sirius XM Holdings shares by Berkshire Hathaway may signal a reassessment of its position, potentially leading to short-term downward pressure on Sirius XM's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Berkshire Hathaway revealed a new significant investment in Chubb Limited, accumulating 25.92 million shares valued at $6.72 billion.
The significant investment in Chubb Limited by Berkshire Hathaway indicates strong confidence in the company's future, likely leading to short-term upward pressure on Chubb's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100