【导读】巴菲特最后一个任职季度的持仓动态揭晓 中国基金报记者 储是 含章 巴菲特卸任CEO前的最后一季调仓动作曝光。 根据近日披露的13F文件，伯克希尔继续调整科技巨头持仓，减持多只重仓股；增持了部分石油、消 费、金融股，并首次建仓纽约时报。 整体来看，截至2025年四季度末，伯克希尔前十大重仓股相较前一季度并未发生变化，只是在排名上有 略微调整。 巴菲特最后一个任职季度的持仓动态揭晓 美东时间2月17日（周二），美股收盘后，伯克希尔·哈撒韦向美国证券交易委员会（SEC）提交了13F 报告，公布了公司截至2025年第四季度末的持仓情况。2026年年初，格雷格·埃布尔（Greg Abel）正式 接替巴菲特担任伯克希尔CEO。这份报告揭晓了巴菲特最后一个任职季度的持仓动态。 整体来看，截至2025年四季度末，伯克希尔整体持仓规模为2740亿美元，较前一季度的2670亿美元有所 增加，前十大重仓股集中度为88.26%。 相较前一季度，伯克希尔前十大重仓股名单并未发生变化，排名略有调整。这十大重仓股分别是：苹 果、美国运通、美国银行、可口可乐、雪佛龙、穆迪（排名从第七升至第六）、西方石油（排名从第六 降至第七）、瑞士 ...

当地时间2月17日下午，伯克希尔·哈撒韦披露2025年四季度美股持仓报告（13F），这是巴菲特担任CEO期间最后一个季度的持仓报告。 2025年四季度，伯克希尔减持约1029.5万股苹果，为2025年内连续第三个季度减持；还减持美国银行、亚马逊等股票；同期，谷歌-A（GOOGL）持仓未 变，增持雪佛龙（CVX）、安达保险（CB）等股票；新建仓一只传媒股纽约时报，该股季末持仓市值达3.5亿美元。 据披露，伯克希尔截至2025年末的持仓市值约为2741.6亿美元，截至2025年三季度末的持仓市值约为2673.3亿美元；截至2025年末的前五大持仓为苹果、 美国运通、美国银行、可口可乐、雪佛龙。 | 2025-12-31 | | | --- | --- | | 13F Holdings Summary | | | Name | % of | | | Portfolio | | AAPL Apple Inc | 22.6% | | AXP American | 20.46% | | Express Co | | | BAC Bank Of | 10.38% | | America Corp | | | KO Coca ...

格隆汇2月18日｜13F报告显示，伯克希尔哈撒韦四季度建仓纽约时报。增持Chubb、雪佛龙、达美乐披 萨、Lamar。减持亚马逊、美国银行、DaVita、Pool Corp.、Aon Plc.。重仓苹果、美国运通、美国银 行、可口可乐、雪佛龙。 ...

PresentationUnknown Analyst All right. Let's get started. Good morning. It's a pleasure to welcome back the Coca-Cola Company back to the CAGNY stage. And thank you to Coca-Cola for keeping us well refreshed and hydrated throughout the week. Coca-Cola enters this year's conference from a position of strength, combining one of the most powerful brand portfolios in a global consumer staples environment with a uniquely scaled system that delivers consistent organic sales growth, strong returns and resilience ...

Summary of The Coca-Cola Company Conference Call Company Overview - **Company**: The Coca-Cola Company (NYSE: KO) - **Event**: 2026 Conference held on February 17, 2026 - **Key Speakers**: Henrique Braun (CEO-elect), John Murphy (CFO) Core Industry Insights - Coca-Cola is positioned strongly within the global consumer staples environment, leveraging a powerful brand portfolio and a scalable system that ensures consistent organic sales growth and resilience across economic cycles [1][2] - The company emphasizes its belief in the beverage industry as a long-term investment opportunity, highlighting vast potential for consumer and customer value creation [5] Financial Performance - Coca-Cola achieved a significant milestone with an EPS of $3, marking a sustainable growth trajectory in both top-line and bottom-line performance [4] - The company generated over $80 billion in free cash flow since 2017, with a return on invested capital nearly double that of its consumer packaged goods peers [29] Strategic Priorities - **Enduring Strengths**: Coca-Cola identifies three key beliefs that will guide its future: 1. The beverage industry is the best sector to be in, with vast opportunities ahead [5] 2. The ability to build billion-dollar brands sustainably, increasing from 30 to 32 such brands recently [6] 3. An unparalleled system of collaboration with bottlers, enhancing operational efficiency and market reach [7][10] - **New Principles for Growth**: The company plans to focus on: 1. Becoming more consumer-centric, enhancing engagement through insights and innovation [12] 2. Integrating digital strategies into all aspects of operations to amplify existing strengths [12][23] 3. Fostering local intimacy while maintaining global scalability in marketing efforts [13][14] Innovation and Brand Development - Coca-Cola has streamlined its brand portfolio from over 400 to less than 170 brands, improving innovation success rates [19] - The company aims to leverage insights from local markets to accelerate innovation and brand development, focusing on building multi-billion dollar brands [21] Operational Efficiency - Coca-Cola is committed to margin expansion while investing in brand and market growth, emphasizing gross margin discipline and a future-ready supply chain [32][33] - The company is transitioning to an asset-light model, enhancing collaboration with partners to optimize resource allocation [34][36] Digital Transformation - Digital initiatives are seen as a "superpower" for Coca-Cola, with plans to leverage data for competitive advantage and improve consumer engagement [23][24] - The company is focused on integrating digital platforms into marketing strategies, exemplified by its approach to the FIFA World Cup campaign [14][18] Future Outlook - Coca-Cola expects high single-digit EPS growth supported by currency tailwinds and continued investment in brands and markets [27] - The company is optimistic about its long-term growth algorithm and the strength of its ecosystem, aiming to optimize capital structure and maximize shareholder returns [41] Conclusion - Coca-Cola is poised for continued growth, driven by a strong operational model, strategic focus on consumer engagement, and a commitment to innovation and digital transformation [42]

John Murphy PRESIDENT & CFO Henrique Braun CEO ELECT CAGNY 1 Forward-Looking Statements This presentation may contain statements, estimates or projections that constitute "forward-looking statements" as defined under U.S. federal securities laws. Generally, the words "believe," "opportunity," "ahead," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward- looking statements are subjec ...

MUMBAI, India, Feb. 16, 2026 /PRNewswire/ -- Some days call for taking it up a notch, other days demand total thunder. When it’s an India vs Pakistan cricket match, there’s only one way to show up and that is Toofani. Living its anthem philosophy of Aaj Kuch Toofani Karte Hain, Thums Up, India’s iconic billion-dollar brand by Coca-Cola India, turned the India–Pakistan ICC Men’s T20 World Cup match into a storming spectacle. Iconic hip-hop artist Hanumankind took over the stadium transforming match-day energ ...

Core Viewpoint - Coca-Cola's stock is positioned for steady income, but new leadership may drive growth and innovation in the company [1] Leadership Changes - Chief Operating Officer Henrique Braun will become CEO on March 31, and a new Chief Digital Officer position has been created, held by Sedef Salıngan Şahin, to enhance the company's digital strategy [2][3] Brand Strength - Coca-Cola is one of the strongest global brands, with products that maintain customer loyalty across generations, providing a significant competitive advantage [4] Diversified Portfolio - The company offers a wide range of products beyond soda, including sports beverages, energy drinks, bottled water, coffee, and tea, which helps it adapt to changing consumer behaviors [5] Dividend Reliability - Coca-Cola is classified as a Dividend King, having paid dividends for over 50 consecutive years, currently distributing $0.51 per share quarterly, making it a reliable choice for income investors [6] Free Cash Flow - Strong free cash flow supports consistent dividends and allows for strategic acquisitions, enhancing shareholder value despite the company not being a high-growth entity [7] Defensive Stock Characteristics - Coca-Cola's stock exhibits lower volatility with a beta of 0.36, making it resilient during economic downturns, as evidenced by its long history [9] Total Return Potential - The company anticipates a growth rate of 4% to 5% for 2026, which, while modest, aligns with investor expectations for steady income and mid-single-digit growth, making it a foundational holding for long-term portfolios [10]

Key Takeaways Coca-Cola delivered 6% comparable EPS growth in Q4, beating estimates and gaining global value share.KO beat net operating revenue estimates in North America but missed in EMEA and Asia Pacific.Coca-Cola guides 4-5% organic revenue growth and 5-6% EPS growth for 2026.The Coca-Cola Company’s (KO) fourth-quarter 2025 results continued to exhibit growth along with signs of moderating momentum. The company’s revenues and earnings per share (EPS) improved year over year, with the latter surpassing ...

2026.02. 16 本文字数：3666，阅读时长大约6分钟 作者 | 第一财经 郑栩彤 米兰-科尔蒂纳冬奥会正在意大利召开，走在米兰街道上，能感受到浓重的冬奥气氛。场馆之内，各 国运动员激情竞技，赛场之外，赞助商要抢夺广告位，并以多种方式融入这座城市。 米兰街道上总有冬奥会主题的广告牌映入眼帘。TCL拿下了米兰市中心最大的室外广告牌，米兰的知 名景点也吸引大量人流。当地时间2月13日上午，米兰大教堂前的奥运特许经营商店大排长队。另一 景点斯福尔扎城堡门前，可口可乐的快闪店也排着长队，不远处是阿里巴巴设置的体验馆，一颗户外 透明水晶球会在夜间变成AI生成视觉内容的投影表面，TCL的快闪店则在米兰中央火车站前。 TCL、阿里巴巴、可口可乐都是顶级奥运赞助项目奥林匹克全球合作伙伴计划（TOP）的赞助商， 参与该赞助计划的中国品牌还有蒙牛。本届冬奥会是中国品牌TOP赞助商最多的一届，商业力量的 竞技也成为奥运赛事的一大看点。 从赛场到街上的商业力量 作为全球最受瞩目的体育赛事之一，奥运会成为不少国际品牌体育营销的赛场。 原则上，米兰市中心的建筑高度不能超过大理石构建的米兰大教堂，高楼不多，要抢到巨幅户外广告 位并 ...