伯克希尔三季度大幅减持了苹果和美银？

Core Insights - Berkshire Hathaway sold $12 billion worth of stocks in the third quarter, continuing a trend of net selling over the years, with Apple and Bank of America being the primary targets for reduction [1][4] - The company also purchased $6.4 billion in stocks, primarily in the commercial and industrial sectors, indicating a strategic shift in investment focus [1][3] Group 1: Stock Sales and Purchases - The third quarter saw Berkshire sell $12.4 billion in stocks and buy $6.4 billion, resulting in a net sale of $6 billion [1][4] - The estimated reduction in Apple shares was about 35 million, while Bank of America shares were reduced by 50 to 100 million [1][2] - Berkshire's stock in Apple has decreased from approximately 900 million shares at the end of 2023 to 280 million shares [1][4] Group 2: Investment Strategy - The significant capital gains of approximately $10 billion were primarily linked to the long-term holdings in Apple and Bank of America, which have a lower cost basis [2] - The cost basis for Apple shares is estimated at around $35 per share, aligning with the reduction in the consumer goods category by about $1.2 billion [2] - New investments in the industrial sector indicate a strategic pivot, with a focus on companies like UnitedHealth Group, Lennar, and Nucor [3] Group 3: Long-term Trends - The trend of net selling has persisted for several years, with the third quarter's figures reinforcing this pattern [4] - Despite the significant reductions, Berkshire still holds substantial positions in both Apple and Bank of America, with approximately 245 million shares of Apple remaining and over 500 million shares of Bank of America [4]