Warren Buffett's Berkshire Hathaway Q2 Operating Profit Climbs Over 15%, Cash Hoard Swells To $277B As It Slashes Apple Stake by Nearly 50%
Warren Buffett's Berkshire Hathaway Q2 Operating Profit Climbs Over 15%, Cash Hoard Swells To $277B As It Slashes Apple Stake by Nearly 50%
Warren Buffett-led Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) reported second-quarter net earnings on Saturday that fell year-over-year as a decline in investment gains more than offset an increase in operating earnings. The company's offloading of its stake in tech giant Apple, Inc. (NASDAQ:APPL) continued.
由禾倫·巴菲特領導的伯克希爾哈撒韋公司（NYSE:BRK）（NYSE:BRK）發佈了第二季度淨盈利報告，與去年同期相比淨利潤下降，由於投資收益下降而超過了營業利潤的增長。公司繼續減持科技巨頭蘋果公司（NASDAQ:APPL）的股份。
Berkshire's Key Q2 Metrics: Second-quarter net earnings fell 15.50% year-over-year from $35.91 billion to $30.35 billion. Operating earnings, which refer to income generated by its portfolio companies, climbed 15.48% to $11.60 billion. On the other hand, gains from its investment portfolio fell 27.52% to $18.75 billion.
伯克希爾的關鍵Q2指標：第二季度淨利潤同比下降15.50%，從359.1億美元下降至303.5億美元。營業利潤（指其投資組合公司創造的收入）增長15.48%，至116億美元。另一方面，來自其投資組合的收益下降了27.52%，至187.5億美元。
The fall in the investment gains came amid volatile market conditions. Taking the S&P 500 as a proxy to the broader market performance, the equity market rose 3.92% in the second quarter. The index gyrated between a high and low of 5,523.64 and 4,953.56, respectively during the quarter.
投資收益下降的原因是市場波動。以標準普爾500指數作爲整個市場表現的代理，股票市場在第二季度上漲了3.92%。該指數在本季期間的最高和最低點分別爲5523.64點和4953.56點。
The 10-year U.S. note yield remained above the 4% level, moving between 4.188% and 4.638%.
10年期美國國債收益率仍高於4%，在4.188%至4.638%之間波動。
The net earnings per Class A share fell from $24,775 in the second quarter of 2023 to $21,122 in the second quarter of 2024.
A類股每股淨收益從2023年第二季度的24775美元下降至2024年第二季度的21122美元。
Operating Earnings – Segment-wise Breakdown: Insurance and insurance investment income rose 81.5% and 40.1%, respectively to $2.26 billion and $3.32 billion.
營業利潤-按部門分類：保險業務和保險投資收入分別增長81.5%和40.1%，達到22.6億美元和33.2億美元。
Operating earnings from freight and railroad operator BNSF slipped slightly at $1.23 billion. Berkshire Hathaway Energy Company earnings and operating income contribution from other businesses declined 16.6% and 3.51%, respectively, to $655 million and $3.38 billion, respectively.
從運輸和鐵路運營商BNSF的營業利潤略有下降，爲12.3億美元。伯克希爾哈撒韋能源公司的營業利潤和其他業務的營業利潤貢獻分別下降了16.6%和3.51%，分別達到65500萬美元和33.8億美元。
Investment Holdings: Disclosure regarding key portfolio holdings show that Berkshire trimmed its core holdings to 72% of its total equity holdings from 79% at the end of the December quarter. Fair value of the company's equity investments was at $284.9 billion compared to $335.9 billion at the end of the first quarter.
投資持倉：關於主要持倉的披露顯示，伯克希爾將核心持倉減持至其總權益持倉的72%，而去年12月則爲79%。公司股權投資的公允價值爲2849億美元，而第一季度末則爲3359億美元。
The aggregate fairly value of the five core holdings and changes in stake versus the first quarter as follows:
五個核心持倉的公允價值和與第一季度相比的持股變化如下：
End-Q2'24 |
End-Q1'24 |
Change (%) |
|
Apple |
$84.2B |
$135.4B |
-37.8% |
Bank of America, Inc. (NYSE:BAC) |
$41.1B |
$39.2B |
+4.9% |
American Express Co. (NYSE:AXP) |
$35.1B |
$34.5B |
+1.7% |
Coca-Cola Co. (NYSE: KO |
$25.5B |
$24.5B |
+4.1% |
Chevron Corp. (NYSE: CVX) |
$18.6B |
$19.4B |
-4.1% |
2024年第二季度末 |
2024年第一季度末 |
變化（%） |
|
蘋果 |
842億美元 |
1354億美元 |
-37.8% |
美國銀行（NYSE:BAC） |
411億美元 |
392億美元 |
+4.9% |
美國運通公司（NYSE:AXP） |
351億美元 |
345億美元 |
+1.7% |
可口可樂公司（NYSE: KO） |
$255億美元 |
$245億美元 |
+4.1% |
雪佛龍公司（NYSE: CVX） |
$186億美元 |
$194億美元 |
-4.1% |
Berkshire began trimming its Apple stake in the first quarter and Buffett said at the annual shareholder meeting that Apple will continue to be its top holding. He attributed the trimming to raise cash during uncertain economic conditions and to foot its federal tax bill.
伯克希爾在一季度開始削減其蘋果持股，並在股東年會上表示，蘋果將繼續是其頭寸最大的股份。他將削減股份歸因於在不確定的經濟條件下籌集現金以支付聯邦稅款。
Fair value of investments in fixed maturity securities fell slightly to $16.6 billion, down from $17.2 billion at the end of the March quarter.
定期固定收益證券的公允價值略有下降，爲166億美元，而3月季度末時爲172億美元。
Cash Swell: Berkshire's cash and cash-equivalents ballooned to $276.94 billion at the end of the second quarter, up from roughly $189 billion at the end of the first quarter.
現金儲備：伯克希爾的現金和現金等價物在第二季度末飆升至2769.4億美元，而第一季度末約爲1890億美元。
Berkshire Class A shares listed on the NYSE has gained 18.21% for the year-to-date period compared to the 12.83% gain for the SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the broader S&P 500 Index. They ended Friday's session down 0.86% at $641,435, according to Benzinga Pro data.
伯克希爾哈撒韋公司A類股在紐約交易所上漲了18.21%，而SPDR S&P 500 ETF Trust（NYSE:SPY）只上漲了12.83%，該交易所交易基金跟蹤更廣泛的S&P 500指數。根據Benzinga Pro數據，週五收盤價下跌0.86%，爲641,435美元。