Warren Buffett-led Berkshire Hathaway (BRKB) trimmed its hefty stake in Apple (AAPL) in the fourth quarter, while growing one in Chevron (CVX), but largely playing stock market defense again.
Details of Berkshire’s Q4 buys and sells came in a 13F filing after Wednesday’s close.
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Berkshire Hathaway Sold These Stocks
In the fourth quarter, Buffett’s Berkshire reduced its position in Apple by 10 million shares, or 1%, according to the 13F filing as tracked by whalewisdom.com. Apple stock remains the No. 2 stock in the roughly $350 billion portfolio by number of shares, with more than 905 million shares held.
While trimming Apple, Berkshire slashed its stakes in Paramount Global (PARA) by 32% and in HP (HPQ) by about 77%. Paramount stock tumbled 5% in late Wednesday trading while Apple nudged lower.
In Q4, the conglomerate added 15.8 million shares of Chevron (CVX) to its portfolio, after making a series of cuts to its holdings in the energy giant over prior quarters.
It also added 30.6 million shares of Sirius XM (SIRI), growing its stake in the satellite radio provider by more than 316%.
Berkshire appeared to steer clear of new purchases during the quarter despite its massive cash hoard. It exited four stocks, including Brazilian fintech StoneCo (STNE).
Investors follow Berkshire’s 13F filings to learn how Buffett is putting money to work for the company he leads.
Top Warren Buffett Stocks Include Apple
The top 10 positions in Berkshire’s stock investment portfolio include Apple, Bank of America (BAC), Chevron and Occidental Petroleum.
Despite the Q4 cut to Apple stock, the iPhone maker made up 50.2% of Berkshire’s portfolio at the end of December, vs. 50% at the end of September. Shares of the iPhone maker rose double digits during Q4, part of a broader stock market rally over the period.
Year to date, AAPL stock is down 4.4%. In the past year, it gained 20%.
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