Buffett's Berkshire adds to massive Apple stake in Q4

Warren Buffett's Berkshire Hathaway 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 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 (NYSE: BK) from 62,210,878 shares to 25,069,867 shares and U.S. Bancorp (NYSE: USB) lowered 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 Semi (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.

By StreetInsider.com Staff

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