Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB), the company Warren Buffett built, is now headed by his able successor, Greg Abel.
But Buffett remains very much involved, and investors still like to see which stocks are being added to Berkshire’s massive stock portfolio and which stocks are being shed. (Berkshire is a conglomerate of scores of disparate wholly owned businesses as well as a holder of stocks.) Here’s a look at a recent major sale and a recent major purchase
Bye-bye, Apple (sort of) In its most recent reported quarter, Berkshire Hathaway’s largest sale, by value, was Apple (NASDAQ: AAPL). That doesn’t necessarily mean that Apple is out of favor. It might simply be a rebalancing, as the Apple position is still huge — and still Berkshire’s No. 1 stock holding.
Berkshire bought about $35 billion worth of stock a decade ago, and it grew to be worth some $185 billion. Apple itself is undergoing a change at the top, as CEO Tim Cook steps down in a few months, handing the reins to John Ternus. CFO Kevan Parekh recently mentioned that Apple may become more active in acquisitions.