Investors and market observers will be closely monitoring today’s Berkshire Hathaway Annual Meeting where CEO and market veteran Warren Buffett will be addressing investors. While succession planning is expected to be a major point of interest, many are also looking for insights and updates regarding some of the most significant moves in Berkshire Hathaway's current portfolio. Although the holdings are largely concentrated in about five or six stocks (out of a total portfolio of 40), several recent portfolio adjustments have drawn attention.
According to a February 2025 SEC filing, Buffett is currently holding one of the highest cash reserves in Berkshire Hathaway’s history. At the end of 2024, cash reserves stood at approximately $334.2 billion, more than double the $167 billion held in December 2023. In a letter to shareholders that same month, Buffett reaffirmed the company's long-standing commitment to equities. “Despite what some commentators view as an extraordinary cash position at Berkshire, the great majority of your money remains in equities. That preference won’t change,” he stated. He further noted that the reduction in equity positions was counterbalanced by the growing value of Berkshire’s privately held, controlled businesses, which continue to make up the bulk of its equity investments. “Berkshire shareholders can rest assured that we will forever deploy a substantial majority of their money in equities,” Buffett added.
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Major Reductions
Apple has remained a major holding in Berkshire Hathaway’s $267 billion portfolio, yet the company has significantly trimmed its stake over recent quarters. Investors will be watching to see whether further divestments from Apple are forthcoming, and whether this signals a broader shift in sentiment toward the tech sector. Other key holdings include American Express, Bank of America, Coca-Cola, and Chevron—together accounting for over 72 percent of the total portfolio.
In Q42024, the company reduced its stake in Citigroup Inc. by 73 percent, bringing the value of its holding to $1.03 billion. Its investment in Nu Holdings also saw a decrease of 53 percent, with the value falling to $416.27 million. Charter Communications was another major sale, with Berkshire cutting its position by 29 percent, leaving a holding valued at $682.72 million. Bank of America Corp. saw reduction of 15 percent, with the value of its stake now at $29.89 billion. They have also completely exited beauty brand Ulta.
New Opportunities
Outside its core investments, Buffett has been expanding into emerging sectors such as energy and quick-service restaurants (QSR). In Q4 2024, Berkshire initiated a $1.2 billion position in Constellation Brands (5.6 million shares), a major player in the alcoholic beverage market. Buffett has also steadily increased his holdings in Domino’s Pizza—now holding a 7 percent stake—since first acquiring shares in 2023. Another notable move was the increase in Sirius XM in Q4 2024, bringing Berkshire’s stake to 35.4 percent.
According to recent reports, as of early 2025, Berkshire Hathaway has expanded its stake in Occidental Petroleum to approximately 264.9 million shares, representing about 28.3 percent of the company’s outstanding shares. In February 2025 alone, Berkshire acquired an additional 763,000 shares at an average price of $46.82, representing an investment of roughly $35.7 million.
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