Warren Buffett is selling Apple stock and buying Chevron, Oxy, and SiriusXM (2024)

Warren Buffett is selling Apple stock and buying Chevron, Oxy, and SiriusXM (1)

Warren Buffett’s holding company Berkshire Hathaway, which owns GEICO and Dairy Queen, sold off about 1% of its stake in Apple in the last quarter of 2023, the company revealed in new SEC filings.

Investors are now pouring over the filings to get insight into the Oracle of Omaha’s views on the state of the market.

Berkshire Hathaway now has a 5.9% stake in the tech giant worth about $176 billion, according to the Wall Street Journal. That is still over half of the company’s more than $300 billion stock portfolio.

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Still, the latest move, along with the holding company’s slashing of its stake in computer-maker HP by 78%, could signal tough times ahead for tech companies selling hardware. By contrast, Buffett’s moves show growing interest in the energy sector.

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Apple on the decline

Apple stock has fallen 5% since the start of 2024, to less than $183 per share. In January, it lost its spot as the world’s most valuable company to Microsoft, which has a market cap of $3 trillion. Apple’s market cap currently stands at $2.8 trillion.

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A few brokerages have also downgraded Apple stock to a “sell” rating over concerns about iPhone demand, especially in China.

The company recently reported in its latest quarterly earnings that its net sales in China fell 13% year-over-year in the three months ended Dec. 30.

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Where Warren Buffett is investing

In the last quarter of 2023, Berkshire Hathaway has increased its stake in Chevron by 18% to more than $18 billion, according to Forbes. The holding company also grew its stake in Occidental Petroleum by almost 9% to about $14.5 million.

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Its stake in the satellite radio company SiriusXM increased to about $220 million, MarketWatch reported.

Warren Buffett is selling Apple stock and buying Chevron, Oxy, and SiriusXM (2024)

FAQs

Why did Warren Buffett sell Apple stock? ›

This is a huge move considering that Apple used to make up over 50% of Berkshire's portfolio and is now down to 40%. So why is Berkshire selling? It's all about realizing profits -- and taking advantage of an unusually low tax rate on corporate profits.

Did Berkshire Hathaway sold Apple stock bought more Chevron? ›

Berkshire Hathaway Sold Apple Stock, Bought More Chevron, and Made Other Moves. Berkshire Hathaway pared its stock holdings in Apple, Paramount Global, and HP in the fourth quarter and added to its investment in Chevron during the period, according to the company's quarterly 13-F report released late Wednesday.

What 4 stocks does Warren Buffett own? ›

Top Warren Buffett Stocks By Size

Bank of America (BAC), 1.03 billion. Apple (AAPL), 789.4 million. Coca-Cola (KO), 400 million. Kraft Heinz (KHC), 325.6 million.

How many Apple stocks has Buffett sold? ›

Warren Buffett's Mixed Messages On Apple Stock

If he is so fond of Apple, why did Buffett sell about 116 million shares in the first quarter? In response to shareholder questions, he suggested he was selling to avoid a higher tax bill in the future if tax rates increase to fund the U.S. fiscal deficit.

Who owns the most Apple stock? ›

According to the latest TipRanks data, approximately 51.76% of Apple (AAPL) stock is held by retail investors. Who owns the most shares of Apple (AAPL)? Vanguard owns the most shares of Apple (AAPL).

What is the prediction for Apple stock? ›

The average price target for Apple is $206.52. This is based on 33 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $275.00 ,the lowest forecast is $164.00. The average price target represents 8.70% Increase from the current price of $189.99.

Why is Warren Buffett buying Chevron stock? ›

Above all else, it's likely Buffett sees Chevron as a value play. Chevron has proven it can do well even when the prices for crude oil drop, noting in its fourth-quarterearnings callit can cover capital expenditures and dividends even if Brent crude drops to the low-$50 range.

Why is Warren Buffett buying Sirius XM? ›

However, the substantial 21.14% ownership in Liberty SiriusXM Group signifies a strong conviction in the stock's value and future prospects. This move aligns with Buffett's strategy of investing in companies with favorable long-term outlooks and solid business models.

Who owns the most Chevron stock? ›

What type of owners hold Chevron Corp stock?
NameHoldShares
Vanguard Group Inc8.70%160,724,261
Blackrock Inc6.97%128,809,002
State Street Corp6.66%123,057,575
Berkshire Hathaway Inc6.66%122,980,207
6 more rows

What stocks does Bill Gates own? ›

Bill Gates Portfolio: 7 Best Stocks to Buy Now
STOCK% OF PORTFOLIOMARKET VALUE OF SHARES
Microsoft Corp. (MSFT)33.5%$15.4 billion
Waste Management Inc. (WM)16.4%$7.5 billion
Berkshire Hathaway Inc. (BRK.B)15.9%$7.3 billion
Canadian National Railway Co. (CNI)15.8%$7.2 billion
3 more rows
May 22, 2024

What is Warren Buffett's biggest stock? ›

Apple is Berkshire's largest public stock holding by far. Berkshire's $151 billion Apple stake is roughly four times larger than its second-largest holding. Buffett first bought Apple shares in the first quarter of 2016, and Apple's stock price is up more than 500% since the beginning of 2016.

Does Warren Buffett still own silver? ›

Over 30 years ago, Warren Buffett, CEO of Berkshire Hathaway, made his first purchase of silver in anticipation of the metal's demonetization by the U.S. Government. Since that time he has followed silver's fundamentals but no entity he manages has owned it.

What was the cheapest Apple stock ever? ›

The lowest closing price for Apple (AAPL) all-time was $0.04, on July 8, 1982. The latest price is $190.37.

Does Warren Buffett own Paramount stock? ›

Warren Buffett Has Sold His Paramount Stock: “We Sold it All, and We Lost Quite a Bit of Money” The famed investor was the largest shareholder in Paramount's non-voting stock and took a steep loss on the sale, adding that he made the decision to buy in the first place.

How much dividend Buffett paid from Apple? ›

The 790 million shares of Apple stock that Buffett and Berkshire now own would provide a $198 million quarterly dividend payment after the Apple hike, compared with the roughly $190 million quarterly it would have seen if Apple hadn't hiked the dividend.

How much does Warren Buffett earn from Apple dividend? ›

The 790 million shares of Apple stock that Buffett and Berkshire now own would provide a $198 million quarterly dividend payment after the Apple hike, compared with the roughly $190 million quarterly it would have seen if Apple hadn't hiked the dividend.

Why does Apple buy its own stock? ›

Apple seems to see buybacks as an effective way to distribute profits back to those who own their stock in addition to dividends which are regular payouts to shareholders.

What are Warren Buffett's four jewels? ›

The billionaire termed them 'jewels. ' These four stocks are its collection of insurance companies (GEICO, National Indemnity, etc.), BNSF (America's largest railroad), Apple (the most valuable company in its portfolio) and Berkshire Hathaway Energy (in which it holds a 91 per cent stake), as per various media reports.

How much money does Warren Buffett have? ›

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