Berkshire Hathaway's Third Quarter Financial Report — Changes in Stock Investments

On November 2, U.S. time, Berkshire Hathaway released its financial report, with the most critical point being that Buffett has again reduced his holdings in Apple and Bank of America. Based on the stock prices of Apple (AAPL) on June 30 and September 30, Buffett reduced his holdings by 100 million shares of Apple, accounting for 25% of his position, and reduced his holdings by 200 million shares of Bank of America, accounting for 20% of his position.

Currently, Berkshire Hathaway has cash and cash equivalents of $32.287 billion, down from $36.884 billion in the second quarter. In the third quarter, Berkshire Hathaway did not increase any investment stocks. Instead, it increased its holdings in short-term U.S. Treasury bonds (maturing in three months or less) by $3.6 billion, which is lower than the $4.1 billion in the second quarter and the $4 billion in short-term U.S. Treasury bonds in the first quarter.

The net profit for the third quarter was $26.48 billion, down from $30.498 billion in the second quarter but higher than $12.832 billion in the first quarter. The combined income from utility and energy operations and investment income (from stock sales) decreased by $3 billion.

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