Given the relevance and track record of Warren Buffet and Berkshire Hathaway, I thought it was interesting to keep track of portfolio changes, and opinions, to have a sense of how he and his team is approaching different environments.
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Currently, Berkshire Hathaway has been selling or reducing positions, much more than they have been buying. They obviously continue to be heavily invested, with a current tendency to increase liquidity.
In their Q3 they also reported record cash of $157B, up from $147.4 billion in the second quarter. With most of them invested in T Bills. As a comparison, their portfolio is 313B.
Q3 Portfolio Changes:
Positions fully sold:
- Celanese [$CE] (Sold 5.36M shares currently worth $674.1M)
- General Motors [$GM] (Sold 22M shares currently worth $620.4M)
- Mondelez [$MDLZ] (Sold 578K shares currently worth $49.5M)
- Johnson & Johnson [$JNJ] (Sold 327.1K shares currently worth $48.4M)
- Procter & Gamble [$PG] (Sold 315.4K shares currently worth $48M)
- [$UPS] (Sold 59.4K shares currently worth $8.5M)
- Activision Blizzard [$ATVI] (Got acquired by MSFT, sold 14.7M shares worth $1.4B at the price it got taken private at)
Positions reduced holdings in:
- Chevron [$CVX] (Sold 12.9M shares currently worth $1.87B)
- [$HPQ] (Sold 18.4M shares currently worth $519.5M)
- Markel [$MKL] (Sold 312.9K shares currently worth $429.2M)
- Globe Life [$GL] (Sold 1.68M shares currently worth $199.2M)
- Amazon [$AMZN] (Sold 551K shares currently worth $80.8M)
- [$AON] (Sold 235K shares currently worth $78.3M)
New Positions:
- Sirius XM [$SIRI] (Bought 9.68M shares currently worth $47.3M)
- Atlanta Braves [$BATRK](Bought 223.6K shares currently worth $8M)
- Liberty Media [LLYVK] (Bought 16.1M shares, worth $518M)
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Huge cash holdings for Berkshire after selling around half of Apple’s position.
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Berkshire portfolio changes Q2 2024
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Berkshire continued to increase its cash position, reaching levels that are now significantly high relative to its total assets, higher than any period since the 1990’s
- Buffett’s cash hits a record $325 billion, up $48 billion this quarter, and up $168 billion (+94%) in the 9 months of 2024
- Berkshire Hathaway’s cash position relative to total assets jumped to 28.0% in Q3 2024
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