Berkshire was a net seller of stocks in Buffett's final quarter as CEO

Core Insights - Berkshire Hathaway was a net seller of stocks in Warren Buffett's final quarter as CEO, significantly reducing its holdings in Apple, American Express, and Bank of America [1][2][3] Stock Sales - Berkshire has sold Apple shares for three consecutive quarters, reducing its stake by over 75% since summer 2023, although it remains the largest equity stake valued at $60.3 billion [1][2] - The sales of Apple have allowed American Express to close the gap in value from nearly $150 billion to just under $8 billion [2] - Berkshire's stake in Amazon.com decreased from $2.2 billion to $478 million after selling 7.7 million shares, marking a 77% reduction [3] Stock Purchases - Berkshire increased its stake in Chevron by 6.6% during the fourth quarter, adding $1.2 billion to its position, which is now valued at almost $24 billion, up from $19.8 billion [5][6] - Chubb was the second-largest buy in the quarter, with a 9.3% increase adding approximately $910 million to its value [6] - A small stake in The New York Times Company was added, valued at $395 million, which increased by 12.4% due to a rise in the newspaper's share price [8][11][12] Utility Operations - Berkshire's PacifiCorp agreed to pay $575 million to resolve federal wildfire claims, settling nearly 90% of known claims for over $2.2 billion [14][15] - The utility is also selling $1.9 billion in assets to improve financial stability amid over $50 billion in potential liabilities from private claims related to wildfires [16]