Buffett's last quarter as CEO: Berkshire Hathaway becomes a net seller of stocks
1. Massive Reduction of Technology and Bank Holdings: Berkshire Hathaway continues to significantly reduce its positions in Apple and Bank of America.
2. Major Changes in Apple Holdings: Since the summer of 2023, Apple's holdings have decreased by over 75%, but it still holds the top position with a market value of $603 billion. The gap between Apple and the second-ranked American Express has narrowed from $150 billion to less than $80 billion.
3. Contrarian Increase in Holdings: The company increased its holdings in Chevron and insurance giant, AIG, and made a new purchase of shares in the newspaper industry - The New York Times, after six years.
4. Legal Settlement: Berkshire Hathaway's subsidiary, PacifiCorp, has agreed to pay $575 million to settle federal government claims over wildfires it caused.
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