Berkshire Hathaway Reports Decline In Q3 Operating Earnings, Further Reduces Apple Stake

On Saturday, Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) registered a decline in third-quarter operating earnings, driven by weakness in the insurance underwriting segment.

The Omaha-based company’s quarterly operating earnings of $10.09 billion slumped over 6% from $10.761 billion in the year-ago quarter.

Approximately 70% of the aggregate fair value was concentrated in five companies, as of September-end 2024:

American Express Company (NYSE:AXP)  – $41.1 billion

Apple Inc. (NASDAQ:AAPL) – $69.9 billion

Bank of America Corporation (NYSE:BAC) – $31.7 billion

Coca-Cola Company (NYSE:KO) – $28.7 billion 

Chevron Corporation (NYSE:CVX) – $17.5 billion

It seems Warren Buffett has vended another considerable slice of his Apple stake, continuing to reduce Berkshire Hathaway’s most significant equity investment for the fourth consecutive quarter.

Despite the ongoing selling spree, Berkshire did not buy back any company shares during the period.

Berkshire ...