Berkshire liquidates GM and P&G positions and reduces holdings of HP and Amazon

In the third quarter, Warren Buffett's Berkshire Hathaway liquidated positions at General Motors, Activision Blizzard, and Procter & Gamble, reduced investment in companies such as Hewlett Packard and Amazon, and reduced the number of stocks in its portfolio.

Berkshire said it is seeking permission from the SEC to keep details confidential without disclosing one or more of its holdings.

Berkshire sold shares in a total of 7 companies, excluding the restructuring of investments in Liberty Media Corporation and related companies. The value of the company's stock portfolio was 313.3 billion dollars at the end of the third quarter, down from 348.19 billion dollars at the end of the June fiscal year.

Currently, Berkshire's biggest positions are Apple, Bank of America, American Express, and Coca Cola. Energy stocks had the biggest stock appreciation, and technology stocks had the biggest stock depreciation. Positions in the top 10 stocks are concentrated at 91.93%, and Apple maintains the largest position with 50% of total assets.

In 2023, Berkshire Hathaway carried out a net share sale of 7 billion dollars and a stock purchase of only 1.7 billion dollars, and after purchasing shares in the first 9 months of the year, it made a profit of approximately 23.6 billion dollars from stock sales.

The sale of shares has caused serious problems for the conglomerate. Most of the reserves were invested in short-term government bonds, and Berkshire succeeded in accumulating a record cash of approximately 157 billion dollars.

Earlier this year, Buffett revealed that he had broken his typical strategy of long-term ownership and suddenly stopped investing in TSMC.