Legendary investor Warren Buffett's long-term investment philosophy is well known, but that doesn't mean the Oracle of Omaha never sells a stock. While Buffett is popular for saying the ideal investment period for a stock is "forever," his company Berkshire Hathaway regularly trims and offloads stakes in the companies it invests in.
According to Berkshire Hathaway's 13F filing with the Securities and Exchange Commission (SEC,) here are the top five stocks the Buffett-led company has trimmed its holdings in during Q1 2024.
Apple
Apple is by far the biggest stock sale by Berkshire Hathaway during Q1. The Buffett-led company sold over 116 million shares during the quarter, but Apple continues to be its largest investment.
Paramount Global
Berkshire Hathaway offloaded its entire Paramount Global investment after selling all the shares of the mass media and entertainment conglomerate.
Sirius XM Holdings
Buffett trimmed Berkshire Hathaway's stake in Sirius XM Holdings by over a third, selling 3.56 million shares of the satellite radio operator during Q1 2024.
Chevron Corporation
Next up on Berkshire Hathaway's biggest stock sales during Q1 is Chevron Corporation – Buffett trimmed the company's stake by a little over 2%, selling 3.1 million shares.
Louisiana Pacific Corporation
Buffett trimmed Berkshire Hathaway's stake in building materials manufacturer Louisiana Pacific Corporation by over 6%, offloading over 446,000 shares of the company.
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