Berkshire Hathaway reported Saturday its first-quarter 2024 figures, revealing that most of the conglomerate's stock portfolio is focused on just five stocks.
At the end of the January-March period, Berkshire owned $135.4 billion in Apple shares , implying about 790 million shares.
Apple has struggled this year, losing more than 4%, while the S & P 500 has soared 7.5% to record levels.
The company also owned $24.5 billion in Coca-Cola stock — a longtime holding of Buffett's — and $19.4 billion in Chevron shares.
Overall, these five positions made up about 75% of Berkshire Hathaway's stock portfolio.
Persons:
Berkshire Hathaway, Warren Buffett, behemoth, Apple, —
Organizations:
Apple, American Express, Bank of America, Chevron
Locations:
Berkshire, Bank