连续11季减持！巴菲特手握3441亿现金，持股市值降至2575亿

Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, continues to reduce its holdings in U.S. stocks, marking the 11th consecutive quarter of net selling, with a total U.S. stock holding of $257.52 billion as of the end of Q2 2023 [4][5]. Group 1: Holdings Overview - As of the end of Q2 2023, Berkshire's top ten U.S. stock holdings include Apple, American Express, Bank of America, Coca-Cola, Chevron, Moody's, Occidental Petroleum, Kraft Heinz, Aon, and DaVita, collectively accounting for over 87% of its portfolio [4]. - In Q2, Berkshire reduced its stake in Apple by 20 million shares (6.67%) and in Bank of America by 26.3 million shares (4.17%), while increasing its stake in Chevron by 345,000 shares (2.91%) [5]. Group 2: New Investments and Cash Position - Berkshire initiated a position in UnitedHealth Group with 5.04 million shares, valued at $1.57 billion, following a significant drop in the company's stock price due to a tragic event involving its CEO [5]. - Cash and cash equivalents at Berkshire decreased slightly from $347 billion at the end of Q1 to $344.1 billion at the end of Q2, marking the first decline in three years, as Buffett has struggled to find suitable investment opportunities [5]. Group 3: Leadership Transition - Warren Buffett announced plans to retire by the end of the year, surprising shareholders, and indicated that he would recommend Greg Abel, the vice chairman of non-insurance operations, as his successor [5].