The list of heavily invested stocks has been released, and Buffett has made a fortune! Profit from "stock trading" in the first half of the year was $47.6 billion, same period last year | Berkshire | List
Warren Buffett, the stock god, shares his second quarter performance report!
On the evening of August 5th Beijing time, Berkshire Hathaway, a subsidiary of the "stock god" Buffett, disclosed its financial report for the second quarter of 2023. According to the financial report, Berkshire achieved a revenue of $92.503 billion in the second quarter, compared to $76.201 billion in the same period last year; Realized a net profit attributable to shareholders of $35.912 billion, compared to a loss of $43.621 billion in the same period last year.
Along with the second quarter's operating results, the latest list of heavily held stocks is also disclosed. As of the end of the second quarter, the top five stocks held by Berkshire in terms of market value have not changed, still being Apple, Bank of America, American Express, Coca Cola, and Chevron.
Earn $35.912 billion in Q2
Berkshire's Q2 revenue and net profit both exceeded market expectations.
According to financial report data, Berkshire achieved a revenue of $92.503 billion in the second quarter, with a market expectation of $82.122 billion, compared to $76.201 billion in the same period last year; Realized a net profit attributable to shareholders of $35.912 billion, significantly exceeding market expectations of $7.886 billion, and a loss of $43.621 billion in the same period last year.
In terms of business segments, in the second quarter, Berkshire's premium income, sales and service income, leasing income, interest+dividends+other investment income were $20.561 billion, $39.126 billion, $2.079 billion, and $3.846 billion, respectively, while its railway+utility+energy income was $26.891 billion.
As of the end of the second quarter, Berkshire's total assets reached $1041.573 billion, breaking through $1 trillion for the first time, compared to $997.072 billion at the end of March.
In the second quarter, Berkshire spent $1.4 billion to repurchase stocks, with a cumulative repurchase amount of $5.8 billion so far this year. In addition, Berkshire's cash reserves increased to $147.377 billion at the end of June and $130.6 billion at the end of March.
Apple remains the largest heavily held stock
Along with the second quarter's operating results, the latest list of heavily held stocks is also disclosed.
According to financial report data, as of the end of the second quarter, the top five stocks held by Berkshire in terms of market value were Apple, Bank of America, American Express, Coca Cola, and Chevron, with market values of $177.6 billion, $29.6 billion, $26.4 billion, $24.1 billion, and $19.4 billion respectively.
It is worth noting that at the end of 2022, Berkshire held market capitalization of Apple, Bank of America, American Express, Coca Cola, and Chevron at $119 billion, $34.2 billion, $22.4 billion, $25.4 billion, and $30 billion, respectively.
In the first half of this year, the heavily weighted stocks in Berkshire's investment portfolio fluctuated, and Apple became an important contributor to its impressive performance in the second quarter.
According to Wind data, in the first half of the year, the stock prices of Apple and American Express rose by 49.72% and 18.75% respectively, while the stock prices of Bank of America, Coca Cola, and Chevron fell by 12.12%, 3.88%, and 10.69% respectively.
Second quarter "stock trading" earns 24.2 billion US dollars
The investment returns of Berkshire's equity securities holdings in the second quarter have also surged. The investment income for the second quarter was 24.2 billion US dollars, and the overall income for the first half of the year was 47.6 billion US dollars.
In the second quarter of 2022, Berkshire suffered a huge loss of $53 billion in stock trading, and a loss of $53.8 billion in the first half of last year.
In the second quarter of this year, Berkshire achieved a net profit after tax of $1.6 billion by selling its portfolio holdings, and this net profit was $3.3 billion in the first half of the year.
In addition, Berkshire's overall investment return in the first half of this year also includes approximately $2.4 billion in net revaluation gains related to the acquisition of an additional 41.4% equity in Pilot Travel Centers, the largest truck rest station in the United States.
