Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, has achieved a notable milestone in his portfolio management by holding an equal number of shares in Apple and Coca-Cola. According to a recent ’13-F’ filing dated August 14, Buffett’s Berkshire Hathaway now owns 400 million shares of both Apple and Coca-Cola.
This development follows Buffett’s decision to significantly reduce his stake in Apple by 50%, a move that has intrigued many of his followers. The filing highlights that Coca-Cola, one of Buffett’s long-standing investments, remains a cornerstone of his portfolio. Buffett first invested in Coca-Cola in 1988 with the purchase of 14,172,500 shares. By 1994, he had increased his holding to 100 million shares, and following stock splits in 2006 and 2012, this stake has grown to 400 million shares.
The reduction in Apple shares has prompted speculation about Buffett’s future intentions. The tech giant’s share of Berkshire’s portfolio has dropped from nearly 50% to 30%, leading some to believe that Buffett may be satisfied with his current position in Apple. David Kass, a finance professor at the University of Maryland’s Robert H. Smith School of Business, noted in an interview with CNBC that Buffett’s preference for “round numbers” might suggest he is not planning further reductions in Apple shares. Kass also highlighted that, like Coca-Cola, Apple might become a “permanent” holding in Buffett’s investment strategy.
Buffett’s decision to trim his Apple stake contrasts with his previously high praise for the tech company, which he had described as one of the most significant businesses in the U.S. He has long admired Apple alongside Coca-Cola and American Express, brands he has consistently endorsed at Berkshire Hathaway’s annual meetings.
This strategic rebalancing in Buffett’s portfolio underscores his dynamic approach to investing while maintaining a steady commitment to his cherished holdings.
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