Warren Buffett’s Berkshire Hathaway (BRK.A) recently filed its 13F form, revealing its latest stock moves. This form gives investors a look at what stocks the company has been buying and selling. Typically, when Berkshire buys or sells stocks, investors often follow suit, hoping to replicate the success of Buffett’s strategies.
The most notable moves from Berkshire last quarter were in several key sectors. First, Berkshire sold more than 117 million shares of Bank of America (BAC), reducing its position in the company. While Buffett has been a long-time supporter of banking stocks, this move signals a shift in his strategy. Despite this sale, Bank of America remains one of Berkshire’s top holdings. It still holds about 9% of the company, making it its third-largest investment after Apple and American Express.
Next, Berkshire trimmed its position in Nu Holdings (NU) by 46 million shares. This digital banking company has grown rapidly, reporting impressive revenue growth of 58% in 2024. However, after the sale, Berkshire’s remaining shares in Nu Holdings account for just 0.1% of its portfolio, making it one of the smallest positions in the fund.
Another significant move was Berkshire’s decision to sell 41 million shares of Citigroup (C). Despite Citigroup’s ongoing restructuring efforts, Berkshire’s reduction in its holdings suggests that Buffett may not be confident in the bank’s recovery. After the sale, Berkshire’s stake in Citigroup dropped significantly, accounting for only 0.4% of its portfolio.
In contrast to these sales, Berkshire increased its stake in SiriusXM (SIRI), adding 12 million shares last quarter. The broadcasting giant, which operates satellite radio, has strong profitability and little competition, making it an attractive investment for Buffett. After the purchase, Berkshire now owns 35% of SiriusXM, which represents 1% of its portfolio.
Berkshire also added nearly 9 million shares of Occidental Petroleum (OXY), a company it has long supported. Occidental now makes up more than 4% of Berkshire’s portfolio, becoming its sixth-largest holding. With solid profit margins and a dip in the stock price, Buffett may have seen this as an opportunity to buy at a lower price.
Some investors are concerned about Berkshire’s rising cash reserves, which reached a record $334.2 billion at the end of 2024. This cash increase could signal Buffett’s cautious outlook on the market. However, his long history of staying invested through uncertain times shows that he remains confident in the future.
Despite these adjustments, Berkshire Hathaway’s portfolio remains strong, valued at around $290 billion. While some investors worry about a potential market downturn, Buffett has proven over decades that patience and a long-term outlook are often the best strategies.
For those considering investments, it’s important to stay informed and follow key moves from successful investors like Buffett. Just as Berkshire has made strategic changes, individual investors should evaluate their portfolios and adapt accordingly.
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