Of course, they added consumer stocks such as the supermarket chain Kroger and the luxury furniture retailer RH in the second quarter, acquired Organon (a Merck spin-off company) for the first time and maintained their positions in old holdings such as the aforementioned Coca-Cola and American Express, in addition to others such as Apple and Bank of America, the newspaper reports.
However, in recent years the millionaire has also been releasing some companies. For example, in 2020, the year of the pandemic, it quickly bought and sold Pfizer, got rid of Costco and bet on the sale of all its shares in airline companies after the COVID-19 crisis, a mistake with which it admitted to having “lost money”.
Earlier, Berkshire had let go of drywall maker USG in 2019, IBM in 2018, and General Electric in 2017. All these and other moves have led to a result of the third quarter of 2021 with an operating profit that increased by 18% to US $ 6.47 billion(about 5,660 million euros) and with a reserve of cash and equivalents in September of 149,200 million dollars (around 130,500 million euros).
The most outstanding actions
As reported by IBD, dated the end of the second quarter of 2021, this is the portfolio with the 10 main shares of Warren Buffett, sorted by size from the largest:
- Bank of America (BAC): 1.010 millones.
- Apple (AAPL): 887,1 millones.
- Coca-Cola (KO): 400 million.
- Kraft Heinz (KHC): 325.6 millones.
- Verizon (VZ): 158.8 million.
- American Express (AXP): 151,6 millones.
- U.S. Bancorp (USB): 128,9 millones.
- Bank of New York Mellon (BK): 72,4 millones.
- Kroger (KR): 61.8 million.
- General Motors (GM): 60 millones.
As can be seen, Bank of America is Warren Buffett’s largest share in the Berkshire Hathaway portfolio, taking their number as a reference. However, by market value Buffett and Berkshire’s main stock is Apple, one of the most valuable companies in the world.
In addition, Apple shares are key in Berkshire’s portfolio: they represent 42% of the total portfolio, compared to 6% at the end of 2016, which explains a large part of the increase in the value of the portfolio in that period, according to IBD.