In a Vote of Confidence for Apple Stock, It Is Berkshire Hathaway's Biggest Investment as Warren Buffett Steps Down as CEO

Core Insights - Warren Buffett's final quarter as CEO of Berkshire Hathaway highlights the significant size of his largest positions, particularly focusing on what he left behind rather than any adjustments made in that quarter [1] Group 1: Berkshire Hathaway's Top Positions - Apple's investment is valued at over $60 billion, making it the largest position in Berkshire's portfolio, accounting for approximately 19% [2] - American Express is the second-largest position at $52 billion, representing about 17% of the portfolio [3] - Coca-Cola is the third-largest position, making up around 10% of the portfolio, while Bank of America and Chevron account for about 9% and 7%, respectively [3] Group 2: Notable Aspects of Apple's Position - The significant allocation to Apple is noteworthy as Buffett has traditionally avoided technology stocks, indicating his expectation of strong long-term returns and the company's staying power [4] - Buffett initiated a stake in Apple in 2016 and significantly increased it in 2017, citing the product's stickiness and usefulness [5]