Buffett wrote in his 2023 letter to Berkshire shareholders that he and longtime business partner Charlie Munger, who died in November 2023, aren't stock pickers but rather "business pickers." But Buffett hasn't found many businesses he likes recently. In the second quarter of 2024, Berkshire initiated new positions in two stocks and added to its existing holdings of five stocks.

whois ceo of berkshire?

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In the second quarter of 2024, Buffett did some housecleaning by exiting or trimming Berkshire Hathaway's positions in 10 stocks:

In 2023, Buffett wrote to Berkshire Hathaway shareholders, stating that he seeks to invest in "businesses with both long-lasting favorable economic characteristics and trustworthy managers." Because it's not always easy to identify companies with the economic characteristics Buffett favors, he focuses on businesses he understands well.

There's a glaring gap between the values of the No. 1 and No. 2 stocks in Berkshire Hathaway's portfolio. Despite selling some shares of Apple in the first quarter of 2024, the tech giant still holds the top spot in Berkshire's portfolio.

Who owns berkshirehathaway

Obviously, Buffett's main stock is none other than Berkshire Hathaway itself. Apple ranks in the top position in Berkshire's portfolio by far.

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Warren Buffett net worth

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How many companies doesBerkshireHathaway own

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In the second quarter of 2024, Buffett bought additional shares of Chubb, Occidental Petroleum, Liberty SiriusXM Class A, Liberty SiriusXM Class C, and SiriusXM Holdings. He also initiated new positions in Heico and Ulta Beauty.

What doesBerkshireHathaway own

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BerkshireHathaway products

Valuation is also an important consideration for Buffett. He has said in the past that he only buys stocks that trade at a reasonable price relative to his estimate of the company's earnings potential for at least five years in the future.

Peter Lynch is often regarded as the most successful mutual fund manager ever from his time overseeing Fidelity's Magellan Fund.

Although it can certainly be interesting to keep track of what Buffett and other billionaire investors are buying and selling, it's never a smart idea to jump into a stock just because someone else does -- even if that someone is the Oracle of Omaha. That said, looking at Berkshire Hathaway's stock portfolio can give you plenty of stock ideas to investigate in determining what is suitable for your portfolio based on your own risk tolerance and investment objectives.

BerkshireHathaway ownership percentage

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

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BerkshireHathaway - net worth

Buffett isn't required to disclose his personal holdings. The one stock he definitely owns, of course, is Berkshire Hathaway. Buffett is Berkshire's largest shareholder. He currently owns 15.1% of the company and controls 31.2% of the voting interest.

Berkshire also sold shares of Bank of America (BAC 0.8%) in August following the end of the second quarter. This continued Buffett's reduction of the conglomerate's stake in the big bank stock in 2024.

Warren Buffett and his holding company, Berkshire Hathaway (NYSE:BRK.A)(BRK.B 0.71%), are giants. Berkshire Hathaway became a leading conglomerate because of "The Oracle of Omaha's" business savvy and investing. Buffett's track record could continue to improve due to the potential for several of his top stocks to outperform.

Apple is such a massive holding that Buffett has referred to it as Berkshire Hathaway's "third-largest business" after its wholly-owned insurance and railroad businesses. Buffett has also said Apple is "probably the best business I know in the world."