Warren Buffett's Apple Sell-Off Echoes Chevron Move: What It Means For Investors
Warren Buffett's Apple Sell-Off Echoes Chevron Move: What It Means For Investors
Warren Buffett's recent decision to trim Berkshire Hathaway's (NYSE:BRK) (NYSE:BRK) stake in Apple Inc. (NASDAQ:AAPL) has caused quite a stir, with the tech giant's stock tumbling in premarket as well as day trading.
禾倫·巴菲特最近決定削減伯克希爾哈撒韋（紐交所：BRK）在蘋果公司（納斯達克：AAPL）的持股，造成軒然大波，科技巨頭的股票在盤前和盤中交易中暴跌。
But before Apple investors hit the panic button, let's revisit a similar scenario from Buffett's past — the dramatic sell-off of Chevron Corp (NYSE:CVX) — to see what it might reveal about potential future moves.
但在蘋果投資者按下恐慌按鈕之前，讓我們回顧一下巴菲特過去的一個類似場景——雪佛龍公司（紐交所：CVX）的大幅拋售——看看它可能揭示的潛在未來動向。
Warren Buffett's Chevron Share Sale: A Case Study In Market Timing
禾倫·巴菲特的雪佛龍股票出售：市場時間的案例研究
Chart created using Benzinga Pro
使用Benzinga Pro創建的圖表
Buffett's substantial reduction in Apple shares is drawing comparisons to his earlier Chevron strategy. Here's a snapshot of what happened:
巴菲特減持蘋果股票的巨額交易引起了人們對他早期雪佛龍策略的比較。以下是一個快照：
- Buffett first increased his Chevron stake dramatically in the fourth quarter of 2020, acquiring $1.6 billion worth of shares.
- His enthusiasm continued through the first quarter of 2022, when he expanded his position by a staggering $5.7 billion, marking a 316.2% increase. However, the subsequent years saw a sharp reversal.
- In the fourth quarter of 2022, Buffett started scaling back, selling $1.4 billion of Chevron shares.
- The sell-off gained momentum in 2023, with Berkshire reducing its Chevron stake by $5.5 billion — 18.8% of his holdings in the first quarter of 2023 and another $2.7 billion — 10.5% in the third quarter of 2023.
- 2020年第四季度，巴菲特大幅增持了雪佛龍，收購了16億美元的股票。
- 他的熱情一直持續到2022年第一季度，當時他增持了驚人的57億美元，增長了316.2%。然而，隨後幾年出現了急劇逆轉。
- 2022年第四季度，巴菲特開始縮減，出售了14億美元的雪佛龍股票。
- 出售勢頭在2023年加速，伯克希爾哈撒韋在2023年第一季度減持了雪佛龍55億美元，佔其持股的18.8%，並在2023年第三季度再次削減了27億美元，佔其持股的10.5%。
Despite these significant sales, Chevron's stock faltered, dropping over 7% during this period, while the S&P 500 surged 18.5%.
儘管出售股票規模巨大，但雪佛龍公司的股價疲軟，在此期間下跌了逾7%，而標準普爾500指數卻上漲了18.5%。
Even since Buffett's final sale in the first quarter of 2024, which amounted to $1 billion, Chevron's stock has gained only 3.38%, lagging behind the S&P 500's 12% rise.
即便是自2024年第一季度巴菲特最後一次出售的10億美元股票以來，雪佛龍公司的股價也只上漲了3.38%，落後於標準普爾500指數的12%漲幅。
Apple's Turn In The Spotlight: What's The Message?
蘋果公司受到關注：這傳遞了什麼樣的信息？
The scale of Buffett's Chevron sales — totaling over $10 billion — provides a stark contrast to his Apple transaction.
巴菲特出售雪佛龍的規模——總計超過100億美元——與他的蘋果交易形成鮮明對比。
For context, Berkshire Hathaway's recent cut in Apple holdings, valued at approximately $51 billion, is significant but aligns with a pattern of strategic adjustments.
爲了更好的理解，在伯克希爾哈撒韋近期削減510億美元的蘋果股份之前，我們來看看策略調整的模式。
For Apple investors, Buffett's Chevron history is a crucial reference. His aggressive divestment from Chevron, coupled with the stock's subsequent underperformance, serves as a reminder of the volatility that can affect even the most robust investments.
對於蘋果投資者來說，巴菲特的雪佛龍經歷是一個重要的參考。他從雪佛龍股票中大力剝離，加上股票隨後的表現不佳，提醒我們即便是最健壯的投資也可能受到市場波動的影響。
While Apple remains a strong company, the Chevron experience highlights the importance of staying alert and prepared for potential market shifts.
雖然蘋果公司依然是一家強大的公司，但雪佛龍的經歷凸顯了保持警惕和準備應對可能的市場轉變的重要性。
For those holding Apple shares, it's a prompt to reassess your strategy and stay vigilant, ensuring your investments align with evolving market trends and conditions.
對於那些持有蘋果股票的人來說，這是一個提示，他們要重新評估自己的策略，保持警惕，確保自己的投資與不斷變化的市場趨勢和條件相適應。
Photos: Shutterstock
照片：shutterstock