WEBFI Unstoppable Websites - Ownership for lifetime
More than three-fourths of the equity portfolio for Warren Buffett’s Berkshire Hathaway was spread among just five stocks. Approximately 77% of the conglomerate’s stock exposure is in the following five names. The same five stocks comprised the list of biggest holding at the end of 2022, though the pecking order changed. Apple ‘s total value surged as the stock charted a comeback this year. The stock added nearly 27% in the first calendar quarter, regaining ground after dropping around 27% last year. The Big Tech name’s rebound came as investors returned to growth stocks on hopes of a tide-change in interest rate policy. Apple on Thursday beat Wall Street earnings and revenue expectations for its second fiscal quarter , helped by better-than-expected iPhone sales. Apple’s total value in the portfolio came out to $151 billion at the end of the quarter, up from $119 billion at the end of 2022. By comparison, its value in the portfolio was $161.2 billion at the end of 2021. Berkshire was a net seller of equities in the first quarter, selling $13.2 billion worth of stocks and buying only $2.8 billion, according to its earnings report. While Chevron was still one of Berkshire’s top five holdings, the conglomerate did trim the energy stock for a second straight quarter. Chevron fell from being Berkshire’s third-largest holding at the end of 2022 to its fifth at the end of the first quarter. Long-time holdings Coca-Cola , American Express and Bank of America remained among the biggest names in the equity portfolio. American Express has outperformed the S & P 500 financials sector this year, while Bank of America has underperformed as investors narrowed focus on bank stocks amid the industry crisis prompted by the closure of Silicon Valley Bank in March. Though not a top-five holding, Berkshire acquired stock of Occidental Petroleum in 2022, with aggregate voting interest exceeding 20% in summer of that year. Berkshire has an aggregate liquidation value of around $9.5 billion in the stock as of March 31. — CNBC’s Yun Li contributed to this report.
Denial of responsibility!Neefina is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email: email@example.com The content will be deleted within 24 hours.
(1 Jun 2023) 0601 Today in History Subscribe for more Breaking News: http://smarturl.it/AssociatedPress Website: https://apnews.com Twitter: https://twitter.com/AP Facebook: https://facebook.com/APNews Instagram: https://www.instagram.com/APNews/ You can license...
error: WEBFI NETWORK website Protection and Privacy for Publishers. This content may not be copied.
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.