Warren Buffett made headlines by selling off a significant portion of his Apple stake in the third quarter, leaving approximately 70% of Berkshire Hathaway’s equity portfolio concentrated in just five stocks. While the Oracle of Omaha downsized his Apple stake for the fourth consecutive quarter, he also sold off a large portion of his Bank of America investment. The earnings report only reflects holdings at the end of September, with Berkshire Hathaway selling more BofA shares in October. Bank of America is no longer the conglomerate’s second largest holding, falling behind American Express. Buffett’s Chevron and Coca-Cola holdings remained steady, with Chevron lagging behind the market and Coca-Cola outperforming the S&P 500.
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