As Wall Street institutions submit their quarterly 13F reports, the position movements of a group of asset management giants have been exposed.
According to the latest documents disclosed by Berkshire Hathaway, a subsidiary of Warren Buffett, the company established holdings in Ulta Beauty, a beauty retailer, and Heico Haike Aviation stocks in the second quarter; Reduce holdings of 389 million shares of Apple, reducing the proportion of holdings to 30.52%, while also reducing holdings of stocks such as Chevron and mobile operator T-Mobile.
In addition, the position movements of global asset management giants in the second quarter have also been exposed one after another.
Cut 389 million shares of Apple stock, accounting for 30.52% of the total
In the second quarter of this year, Berkshire Hathaway reduced its holdings the most by Apple Inc. (AAPL), reducing its holdings by over 389 million shares with a market value of approximately $82 billion. Its holdings decreased by 49.3% compared to the first quarter, and its proportion in the investment portfolio decreased by more than 10 percentage points to 30.52%. The above data is consistent with the second quarter data released by Berkshire Hathaway in early August. Previously, Buffett hinted at Berkshire Hathaway's annual meeting that the reduction in Apple holdings was due to tax reasons.
Clearing Snowflake, Paramount Global
Snowflake (SNOW), an American cloud computing company, was the second largest Berkshire Hathaway to reduce its holdings of stocks in the second quarter, second only to Apple. During the quarter, Berkshire cleared a total of 6.12 million shares held at the end of the first quarter, with a market value of approximately $840 million. However, this portion of stocks is relatively small in Berkshire's investment portfolio, accounting for only 0.03%.
In addition, media conglomerate Paramount Global was also a stock that was liquidated by Berkshire Hathaway during the reporting period.
Increase holdings in Western Petroleum and Anda Insurance
Among the increased holdings of individual stocks, in terms of the market value of the increased shares, the largest increase in Berkshire Hathaway's holdings in the second quarter was Western Petroleum (OXY), with an increase of 7.26 million shares and a market value of $458 million. The number of shares increased by 2.9% month on month, and the number of shares increased by nearly 70% compared to the first quarter's 4.3 million shares.
Next is Chubb Ltd, which increased its holdings by nearly 1.11 million shares in the quarter, with a market value of approximately $283 million and a month on month increase in holdings of approximately 4.3%. Anda Insurance is a newly acquired stock by Berkshire Hathaway in the first quarter.
Establishing warehouses in beauty stocks and Haike Aviation
During the reporting period, Berkshire Hathaway acquired positions in two new companies, namely Ulta Beauty, the largest beauty retailer in the United States. During the quarter, Berkshire Hathaway acquired 690000 shares of Ulta Beauty with a market value of approximately $266 million; HEICO Corporation, a military industry stock, acquired 1.04 million shares of HEI in the current quarter.
So far, Berkshire Hathaway's main holdings have not changed, with Apple, Bank of America, American Express, Coca Cola, and Chevron still occupying the top five positions.
Global asset management giants' position trends exposed
As Wall Street institutions submit their quarterly 13F reports, the position movements of a group of asset management giants have been exposed.
Asset management giant BlackRock increased its holdings in the US tech giants in the second quarter, including 16.88 million shares in Nvidia, 9.69 million shares in Apple, and nearly 9 million shares in Microsoft; Reduce holdings of Broadcom and Berkshire Hathaway. In addition, BlackRock increased its holdings of 30 million shares of ExxonMobil. As of the end of the second quarter, BlackRock reported a market value of $4.42 trillion for its holdings.
Global asset management giant Vanguard Navigation also made significant investments in US tech giants in the second quarter. Among them, it increased its holdings of 11.43 million shares of Nvidia, reduced its holdings of 2.4 million shares of Berkshire Hathaway B, and reduced its holdings of 18.75 million shares of Amazon. In addition, Pioneer Navigation also increased its holdings of 49 million shares of ExxonMobil. As of the end of the second quarter, Pioneer Navigation reported a market value of $5.21 trillion in holdings.
Bridgewater Fund reduced its holdings of 489000 shares in Nvidia and 828000 shares in Google in the second quarter, and also sold nearly 75% of its holdings in Apple to 469000 shares; Increase holdings of 1.59 million shares in Amazon and 510000 shares in Microsoft. As of the second quarter, the total market value of Bridgewater's US stock holdings was $19.2 billion, a decrease of $600 million compared to the previous quarter.
On Wednesday, August 14th, after the US stock market closed, HHLR Advisors, a fund management platform under Hillhouse, announced its US stock holdings as of the end of the second quarter of 2024. According to the report, HHLR Advisors increased its holdings of approximately 5.24 million shares in Alibaba during the reporting period, accounting for approximately 9.6% of its total holdings and becoming the third largest holding target.
HHLR Advisors also increased its holdings of about 14.61 million shares in Vipshop, NetEase, Ctrip and other Internet based stocks. Reduce holdings of Pinduoduo by approximately 2.9 million shares, but remain its top heavy holding stock; Reducing its holdings of over 6 million shares in Beike remains its fourth largest holding target. Among its top ten holdings, Chinese concept stocks account for eight seats.
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