Jin Rong Jie·2026-02-14 14:04Core Viewpoint - The upcoming 13F quarterly filing by Berkshire Hathaway is highly anticipated as it will reflect the investment decisions made during Warren Buffett's final quarter as CEO, particularly regarding the adjustments in holdings of Apple and Bank of America, as well as potential sales of positions established by former executive Todd Combs [1][2]. Group 1: Berkshire's Holdings and Adjustments - Berkshire's significant holdings as of the end of Q3 2025 include Apple, American Express, Bank of America, Coca-Cola, Chevron, and Occidental Petroleum, with major adjustments noted in Apple and Bank of America stocks [2]. - In Q3 2025, Berkshire reduced its Apple holdings by nearly 42 million shares, a decrease of approximately 15%, and cut its Bank of America shares by 37 million, representing a reduction of over 6% [2]. - The market is particularly focused on whether Berkshire will continue to reduce its stakes in Apple and Bank of America in the upcoming Q4 report, as both stocks have seen significant reductions from their peak holdings [2]. Group 2: Cash Reserves and Market Speculation - As of Q3 2025, Berkshire's cash reserves reached a historical high, prompting speculation about whether this trend will continue into Q4 [2]. - There is market speculation regarding the potential sale of positions established by Todd Combs, including holdings in Amazon, Verizon, First Capital Credit, Visa, and Mastercard, as his departure may lead to a reevaluation of these investments [3]. - Historical patterns suggest that when investment managers leave, Berkshire has previously sold off the majority of their managed positions, raising questions about the future of Combs' holdings [3].