Priya PatelTLDR:
Warren Buffett’s company, Berkshire Hathaway, reported an increase in operating earnings due to higher interest rates and insurance underwriting earnings. The company’s top holdings include Apple, Bank of America, Chevron, and Occidental Petroleum. However, Apple makes up almost half of Berkshire’s portfolio. Despite selling some Apple shares, the stake is still valued at around $174 billion. This is the first earnings report since the passing of Charlie Munger, Buffett’s investment partner.
Warren Buffett’s company, Berkshire Hathaway, reported an increase in operating earnings to $8.48 billion, driven by insurance underwriting earnings and higher interest rates. The top holdings of the company include Apple, Bank of America, Chevron, and Occidental Petroleum. Apple makes up almost half of Berkshire’s portfolio, with the stake valued at around $174 billion. This is the first earnings report since the passing of Charlie Munger, Buffett’s investment partner.
Berkshire Hathaway’s Q4 operating earnings rose to $8.48 billion, driven by increased insurance underwriting earnings and investment income due to higher interest rates. Top holdings include Apple, Bank of America, Chevron, and Occidental Petroleum. Buffett praised late Charlie Munger’s contribution.
Warren Buffett, often hailed as one of history’s most successful investors, leads the conglomerate Berkshire Hathaway. The company recently disclosed its earnings for the fourth quarter, revealing an increase in operating earnings to $8.48 billion, attributed to a surge in insurance underwriting earnings and investment income facilitated by higher interest rates and less severe weather. The company’s cash reserves also reached a new high of $167.6 billion. Berkshire’s top holdings include Apple, Bank of America, Chevron, and Occidental Petroleum. Despite selling some Apple shares, the iPhone maker still constitutes almost half of Berkshire’s portfolio. This is the first earnings report since the passing of Charlie Munger, Buffett’s investment partner.
