Buffett's Berkshire adds to massive Apple stake in Q4

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Buffett's Berkshire adds to massive Apple stake in Q4
Credit: © Reuters.

By Investing.com Staff

Warren Buffett's Berkshire Hathaway (NYSE: BRKa ) released its latest 13F for the quarter that ended Dec. 31, 2022. The firm showed no new stakes in the quarter but added to several major positions, including Apple (NASDAQ: AAPL ). Meanwhile, the firm lowers stakes in a couple of banks, while maintaining its largest bank holding in Bank of America (NYSE: BAC ).

Berkshire's filing showed it added 333,856 shares of Apple in the last quarter of 2022, bringing the stake to 895,136,175 shares. The value of stake is worth a staggering $137 billion.

The firm also added to Louisiana-Pacific (NYSE: LPX ) shares, moving from 5,795,906 shares to 7,044,909 shares.

Another additional purchase was Paramount Global (NASDAQ: PARA ), where the stake was raised from 91,216,510 shares to 93,637,189 shares.

In banks, Berkshire lowered its stake in Bank of New York Mellon (NYSE: BK ) from 62,210,878 shares to 25,069,867 shares and U.S. Bancorp (NYSE: USB ) from 77,788,214 shares to 6,670,835 shares. The firm maintained its Bank of America stake at 1,010,100,606 shares, its second-largest position overall. The Citigroup Inc. (NYSE: C ) stake was maintained at 55,155,797 shares.

Berkshire also maintained stakes in all three major credit card processors: American Express Co (NYSE: AXP ) at 151,610,700 shares, Mastercard Inc. (NYSE: MA ) maintained at 3,986,648 shares, and Visa Inc . (NYSE: V ) at 8,297,460 shares.

The firm's newer stake in Taiwan Semiconductor Manufacturing (NYSE: TSM ) was lowered from 60,060,880 shares to 8,292,724 shares.

Berkshire also trimmed stakes in Activision Blizzard, Inc. (NASDAQ: ATVI ), Ally Financial (NYSE: ALLY ), Chevron (NYSE: CVX ), Kroger (NYSE: KR ), and McKesson (NYSE: MCK ).

The full Berkshire Hathaway 13F summary can be viewed here.

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