Berkshire Hathaway increased its cash holdings by nearly $90 billion in Q2 and reduced its Apple shares by nearly 50%

Odaily News Berkshire Hathaway A (BRK.AN) released its 10-Q report on Saturday, showing that the company's cash reserves at the end of the second quarter were US$276.9 billion, a record high, from US$189 billion at the end of the first quarter; in the second quarter, its holdings of Apple (AAPL.O) shares dropped sharply from 789 million shares in Q1 to about 400 million shares, a decrease of nearly 50%; in Q2 2024, net profit was US$30.35 billion and revenue was US$93.653 billion, both higher than market expectations; as of the end of Q2, 72% of the total fair value of Berkshire Hathaway A (BRK.AN)'s equity investments were concentrated in American Express, Apple, Bank of America, Chevron and Coca-Cola; the fair value of its fixed-income securities investments held at the end of the second quarter reached US$16.969 billion, of which the fair value of investments in U.S. Treasuries, foreign bonds and corporate bonds were US$4.517 billion, US$11.02 billion and US$1.21 billion, respectively. (Golden Ten)