Berkshire Hathaway's Q2 2023 13F Disclosure

September 20, 2023

Berkshire Hathaway's market value held by 13F filers was recorded as $348B for Q2 2023. The firm's market value held by 13F filers was up by $23B by the end of the second quarter.

Berkshire Hathaway

Some insights on Berkshire’s holdings:

Berkshire Hathaway’s portfolio includes 48 companies, a number unchanged from the previous quarter. The firm is heavy in IT, finance, consumer staples, and energy sectors.

- Berkshire has been reducing its holdings in Chevron for three consecutive quarters. Despite these sales, Chevron remains one of Berkshire's largest publicly traded investments, valued at over $19B.

- Berkshire increased its stake in Occidental Petroleum, resulting in a higher exposure to the energy sector within its portfolio. Berkshire now holds a 25.3% stake in Occidental Petroleum

- The firm made three new purchases in homebuilder stocks i.e. DR Horton Inc., NVR Inc., and Lennar Corp.

- Apple continues to be Berkshire's largest holding, valued at nearly $178B comprising over half of its portfolio. ). Apple's weight in the portfolio has grown to over 51% from around 39% in the fourth quarter of 2022.

-The firm maintains a substantial investment in the oil sector, with over $32B allocated to energy stocks (Chevron at $19B and Occidental Petroleum at $13B)

- The firm sold nearly $8B worth of securities. Berkshire completely liquidated its holdings in McKesson Corp, Marsh McLennan Corps, and Vitesse Energy.

Berkshire Hathaway

Additionally, it's important to mention that the 13F does not include international stocks. In August 2020, Berkshire Hathaway announced its acquisition of about 5% stakes in five Japanese trading companies: Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. Ltd., and Sumitomo Corp.

In April 2023, Buffett revealed that Berkshire had increased its holdings in these companies to 7.4%, with the potential to further increase to 9.9%. These investments are intended to be long-term holdings.

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About the Author

Jasmeet Sodhi

Jasmeet is an avid researcher and heads growth and marketing strategy development for RADiENT. Jasmeet previously interned at multiple startups where she developed a passion for marketing and content. She holds a Master’s in economics and international affairs from SOAS, University of London and a Bachelors in Economics from Ashoka University. In her free time, Jasmeet enjoys running and reading.

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