Warren Buffet's Berkshire Portfolio is Now 24% Apple: 13F
One of the most hotly anticipated 13F filings each quarter is the report from billionaire investment guru Warren Buffett and Berkshire Hathaway. Buffett has long been seen as an investment icon, and his company’s stellar performance year after year only helps to cement this status. According to Berkshire’s 13F, filed August 14th, 2018 with the U.S. Securities and Exchange Commission (SEC), the company increased its positions in several existing holdings, including banks like Goldman Sachs Group Inc. (GS) and U.S. Bancorp (USB) as well as Delta Air Lines Inc. (DAL), among others.
No New Stakes, But Lots of Increases
Buffett, who is famous for buying and holding investments for an extended period, made no purchases of new stakes for the last quarter. Instead, he invested in existing positions, bolstering several prior holdings. One of the very most important stakes in the Berkshire portfolio is surely Apple Inc. (AAPL). Apple represents the largest 13F portfolio position for Berkshire, with about 24% of the company’s 13F assets allocated to AAPL. Berkshire owns roughly 5% of the business. Buffett famously entered into his Apple position early in 2016 when the stock was priced between $93 and $110. He has been steadily increasing his holdings since that time, including augmenting his stake by about 5% in Q2 of this year. The stock currently trades around $210.
Buffett has supplemented his USB position by about 16% over the past two quarters. This holding has been part of Berkshire’s portfolio since about 2006. Buffett increased his position in DAL tremendously (by more than 800%) late in 2016; this quarter saw another 20% increase, roughly. Another existing position that increased in Q2 was Bank of New York Mellon Corp. (BK), representing about 1.79% of Berkshire’s 13F holdings.
Buffett Exits Verisk, Monsanto
There were two previous positions that Buffett and Berkshire eliminated from the portfolio last quarter. Monsanto Company (MON) was a 1.17% portion of Berkshire’s holdings. Established in the last quarter of 2016 at prices as high as $106, Buffett had steadily increased his stake late in 2017 and early in 2018. This past quarter, though, Buffett ended his Monsanto run, exiting the position entirely.
Verisk Analytics (VRSK) was a tiny stake relative to the size of Berkshire’s portfolio, accounting for just 0.02% of Buffett’s investments. That Berkshire eliminated this position in Q2 was not a surprise; the company had already trimmed its holdings by about 80% in the first quarter this year.
As with all 13F reports, it’s important to remember that Buffett and Berkshire are reporting information for the previous quarter; these details may no longer hold true for Buffett’s portfolio as of the time the 13F is made public.
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