华尔街见闻·2025-11-15 10:39Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, has made significant adjustments to its holdings in major U.S. tech companies, notably reducing its stake in Apple while initiating a position in Alphabet [1][2]. Group 1: Changes in Apple Holdings - In Q3, Berkshire sold approximately 41.79 million shares of Apple, reducing its holdings by over 14.9%, resulting in a market value decrease of about $10.6 billion [3]. - This marks the second consecutive quarter of Apple share reductions, with the Q3 sell-off being double that of Q2, where approximately 20 million shares were sold [3]. - Despite the reduction, Apple's stock price increased by about 24% in Q3, leading to a slight increase in its proportion of Berkshire's total holdings from 22.31% to 22.69% [4]. Group 2: Changes in Bank of America Holdings - Berkshire reduced its stake in Bank of America by approximately 37.2 million shares, a decrease of 6.15%, with a market value reduction of $1.92 billion [7]. - This reduction is significant, as it represents a nearly 45% decrease in Bank of America shares held over the past year [7]. Group 3: New Position in Alphabet - Berkshire initiated a new position in Alphabet, acquiring approximately 17.85 million shares valued at about $4.34 billion, representing 1.62% of its total holdings [8]. - The purchase of Alphabet shares is notable as it is the largest acquisition in Q3, surpassing the second-largest purchase in Chubb [8][10]. - Alphabet's stock price rose over 37% in Q3 and more than 40% year-to-date, making it one of the top performers in the U.S. stock market [9]. Group 4: Overall Portfolio Adjustments - Among Berkshire's top holdings, only Chubb saw an increase, with an additional 4.3 million shares purchased, raising its market value by $1.21 billion [11]. - The top ten holdings remain largely unchanged, with Alphabet replacing DaVita in the rankings [10][14].