Warren Buffett's Top Stock Picks Revealed

Warren Buffett's Berkshire Hathaway has made headlines following the disclosure of a significant reduction in its Apple stake, selling nearly half of its holdings in the tech giant during the last quarter. Despite this move, Apple continues to dominate Berkshire's portfolio, valued at approximately $84.2 billion as of June 30, 2024. The conglomerate's latest earnings report reveals that about 72% of its equity portfolio is concentrated in just five stocks. In addition to Apple, Bank of America remains a key holding for Berkshire, although the company has recently begun selling shares in a streak that started in July. The value of the Bank of America stake has decreased to around $37 billion from $41.1 billion at the end of June. Berkshire also slightly reduced its investment in Chevron, which still holds a market value of $18.6 billion, maintaining its position among the top five holdings. Berkshire Hathaway has retained its investments in Coca-Cola and American Express, valued at $25.5 billion and $35.1 billion, respectively, as of the end of the second quarter. Both stocks have shown strong performance in 2024, with Coca-Cola up over 17% and American Express gaining 24%, outpacing the S&P 500 index. Overall, Buffett's selling strategy in the second quarter resulted in a reduction of over $75 billion in stock, elevating Berkshire's cash reserves to an impressive $277 billion. Despite the changes, the top five holdings remain consistent with those reported in the first quarter.