Warren Buffett details Berkshire's Apple, Chevron and Capital One sales while also buying more Chubb

Warren Buffett details Berkshire's Apple, Chevron and Capital One sales while also buying more Chubb
https://finance.yahoo.com/news/warren-buffett-details-berkshires-apple-224315971.html

Summary

Certainly! Here are the key takeaways from the article:

• Warren Buffett's Stock Sales: Warren Buffett, the renowned investor, sold over 389 million Apple shares during the second quarter[^1^][1]. However, Berkshire Hathaway still holds 400 million Apple shares, making it the conglomerate's largest stock position[^2^][2].
• Other Investments: Besides Apple, Berkshire has been trimming its investments in companies like Bank of America, Chevron, Capital One, Floor & Decor Holdings, T-Mobile, and Louisiana Pacific[^3^][3]. The company also sold its nearly $1 billion investment in Snowflake[^4^][4].
• Cash Pile: Due to these sales, Berkshire's cash reserves have reached a record level of $277 billion[^5^][5].
• New Investments: Despite selling, Berkshire invested more in insurer Chubb and oil producer Occidental Petroleum. It also made smaller investments in aerospace parts maker Heico Corp. and cosmetics retailer Ulta Beauty.

Buffett's investment moves are closely watched due to his successful track record over the decades[^6^][6]. Berkshire Hathaway's portfolio includes well-known brands like Geico, BNSF, Dairy Queen, and NetJets.