On Saturday, Beijing time, Berkshire Hathaway, led by Warren Buffett, released its latest 13F filing. As widely expected, Buffett made significant adjustments to his portfolio in the third quarter, most notably a substantial reduction in his Apple holdings. However, while reducing its stake in the tech giant Apple, Berkshire also made another noteworthy decision—increasing its stake in Alphabet, Google's parent company, demonstrating a structural adjustment within its technology sector.
It's worth noting that the 95-year-old Buffett has confirmed he will officially step down as CEO of Berkshire Hathaway at the end of this year, ending his 60-year tenure. His position will be taken over by his long-time partner, Vice Chairman Greg Abel. Therefore, this latest 13F report is not only an important disclosure of Berkshire's investment moves in the third quarter, but also seen as a final detailed explanation of Buffett's stock portfolio before handing over the reins, marking a milestone.