Berkshire
Hathaway
reported
Saturday
its
first-quarter
2024
figures,
revealing
that
most
of
the
conglomerate’s
stock
portfolio
is
focused
on
just
five
stocks.
The
Warren
Buffett-led
behemoth
kept
the
makeup
of
its
top
five
holdings
unchanged
in
the
first
three
months
of
2024,
as
the
stock
market
ripped
to
record
levels
to
mark
the
start
of
a
new
bull
run.
However,
Berkshire
did
trim
its
Apple
investment
by
13%
during
the
first
quarter,
marking
the
second
straight
period
in
which
the
company
lowered
its
stake
in
the
iPhone
maker.
At
the
end
of
the
January-March
period,
Berkshire
owned
$135.4
billion
in
Apple
shares
,
implying
about
790
million
shares.
That
said,
Apple
remained
by
far
the
conglomerate’s
largest
holding.
Apple
has
struggled
this
year,
losing
more
than
4%,
while
the
S
&
P
500
has
soared
7.5%
to
record
levels.
Other
major
Berkshire
stakes
are
a
$34.5
billion
position
in
American
Express
and
$39.2
billion
in
Bank
of
America
.
The
company
also
owned
$24.5
billion
in
Coca-Cola
stock
—
a
longtime
holding
of
Buffett’s
—
and
$19.4
billion
in
Chevron
shares.
Overall,
these
five
positions
made
up
about
75%
of
Berkshire
Hathaway’s
stock
portfolio.