Apple(US:AAPL) 天天基金网·2026-01-01 02:19Core Viewpoint - Warren Buffett officially announced his retirement as CEO of Berkshire Hathaway, effective December 31, 2025, while continuing as chairman of the board and retaining a significant number of shares [3]. Financial Performance - Berkshire Hathaway reported third-quarter revenue of $94.972 billion, a year-on-year increase of 2.13% [3]. - The net profit attributable to shareholders for the third quarter was $30.796 billion, reflecting a 17% year-on-year growth [3]. - Operating profit for the third quarter reached $13.49 billion, a substantial increase of 34% compared to $10.09 billion in the same period last year [3]. - As of the end of the third quarter of 2025, the company's cash reserves hit a record high of $381.67 billion, with no stock buybacks for nine consecutive months [3]. Investment Portfolio Changes - Berkshire's 13F report revealed a total stock portfolio value of $267 billion, up 3.4% from the previous quarter's $258 billion [3]. - Apple remains the largest holding with a market value of approximately $60.66 billion, although Berkshire has reduced its stake from 280 million shares to 238.2 million shares, selling nearly three-quarters of its original 905 million shares [4]. - The company also reduced its holdings in Bank of America by 37.19 million shares and increased its position in Chubb Limited by 4.29 million shares [4]. - Berkshire completely exited its position in D.R. Horton, one of the four major U.S. homebuilders [4]. New Investments - In the third quarter, Berkshire established a new position with 17.84 million shares in Alphabet, making it the tenth largest holding [5]. Buffett's Legacy and Future Outlook - Buffett expressed confidence in the future leadership of Greg Abel and the company's prospects in his farewell letter, while also accelerating the pace of his $149 billion legacy donations to family foundations [6]. - He reflected on the transformation of Berkshire Hathaway from a struggling textile company into a $1 trillion investment conglomerate since taking over in 1965 [6]. - Buffett reassured stakeholders about the company's resilience, stating it can withstand various economic conditions and emphasized the stock's potential to recover from volatility [7].