Berkshire Trims Apple Stake in Q4 but Keeps Top Spot, Boosts Chevron to Fifth

Berkshire Hathaway disclosed trimming its massive Apple (AAPL.OQ) position—the largest sale by value in the latest quarter—yet the stake remains its biggest holding at ~$185 billion, grown from a $35 billion investment a decade ago. Simultaneously, Berkshire significantly increased its Chevron (CVX.N) stake to ~6.5% ownership, elevating it to the fifth-largest holding with a ~3.7% dividend yield. This rebalancing signals a modest shift toward income-generating energy amid Apple's strong Q2 results (+17% YoY revenue, +16% services, +28% Greater China), potentially pressuring Apple flows short-term while endorsing Chevron.