巴菲特最新持仓披露

Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, has made significant changes to its investment portfolio in the third quarter, including substantial sales of Apple stock and new investments in Alphabet, reflecting a cautious stance on high valuations in the stock market [2][5]. Group 1: Portfolio Changes - As of the end of the third quarter, Berkshire held 41 stocks with a total market value of $267 billion, an increase of 3.4% from the previous quarter [4]. - The company increased its holdings in 6 stocks and reduced its positions in 5 stocks, while establishing a new position of 17.84 million shares in Alphabet and completely selling out of D.R. Horton [4][8]. - Berkshire has been a net seller of stocks for 12 consecutive quarters, indicating concerns about the high valuations in the U.S. stock market [3][5]. Group 2: Apple Stock Reduction - Apple remains Berkshire's largest holding with a market value of approximately $60.66 billion, but the number of shares has decreased from 280 million to 238.2 million, representing a reduction of nearly three-quarters of its original 905 million shares [7]. - The proportion of Apple in Berkshire's portfolio has dropped from over 50% to 22.69% [7]. - Buffett's reduction in Apple stock has been attributed to tax reasons, but there are speculations that it also reflects concerns about Apple's high valuation [7]. Group 3: Investment in Alphabet - Berkshire's new investment in Alphabet, totaling 17.84 million shares, makes it the company's tenth-largest stock holding [8]. - This move is surprising given Buffett's traditional value investing approach and cautious stance towards high-growth tech stocks, suggesting a shift in investment strategy possibly influenced by other investment managers within Berkshire [8][10]. - Alphabet's stock has surged by 46% this year, driven by robust growth in its cloud business amid the AI boom [9].