Warren Buffett’s Berkshire Hathaway Boosts Stake in One Stock to $8,800,000,000+ After Trimming Holdings in Bank of America and Apple

Warren Buffett has boosted Berkshire Hathaway’s stake in one Japanese trading house and trimmed down its holding in one top US bank.

A new Tokyo Stock Exchange filing shows Buffett’s stake in Mitsubishi Corp. has increased by 1.89 million shares, bringing the firm’s total shares to 390,933,900 with a value of more than $8.8 billion.

According to the company’s filing, Berkshire’s stake in Mitsubishi increased to 10.23 from 9.74 in March. The investment is made through Berkshire’s insurance subsidiary, National Indemnity Company.

Meanwhile, updated filings with the U.S. Securities and Exchange Commission (SEC) show Berkshire Hathaway has unloaded 26,306,156 shares in Bank of America for around $47.57 per share in the second quarter of the year.

With 605,267,375 shares on hand, Bank of America represents the most shares of any single company held by Berkshire and the third most valuable at about $28.6 billion. The firm also unloaded 48.7 million Bank of America shares in Q1, worth about $2.19 billion.

Also in Q2, Berkshire resumed selling off shares of tech giant Apple, shedding 20 million shares. Berkshire now holds a total of 280 million shares in Apple, worth about $57.4 billion, the most valuable of the firm’s holdings.

Berkshire started the first quarter of 2024 with 789,368,450 shares of Apple and ended last year with 300,000 shares, after shedding nearly 50 of its Apple stake in Q2 of 2024 alone.