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As shown in the financial report, "Oracle of Omaha" Buffett significantly reduced his holdings of his biggest bet on the technology industry, Apple, in the second quarter. Recent regulatory documents show that he also liquidated Snowflake, a cloud computing star that he had rarely participated in the "new listing" nearly four years ago, and increased his holdings of Occidental Petroleum, which he had repeatedly bought for two months.

On Friday, August 14, Eastern Time, Berkshire Hathaway, led by Buffett, submitted a 13F document to the U.S. Securities and Exchange Commission (SEC) to disclose that in the second quarter of this year, Berkshire had the largest reduction in five stocks, with the first beingapple(AAPL), reduced its holdings by more than 389 million shares in the quarter, with a market value of approximately US$82 billion. The number of shares held decreased by 49.3% from the first quarter, and its share in the investment portfolio decreased by more than 10 percentage points from the previous quarter to 30.52%.

The above data is consistent with the second quarter data released by Berkshire Hathaway earlier this month. Wall Street News mentioned after Berkshire Hathaway released its financial report that Berkshire Hathaway’s Apple holdings were “halved” in the second quarter, with the number of shares held falling from 789 million in the first quarter to about 400 million shares, a drop of nearly 50%. This means that Berkshire Hathaway has accelerated its reduction of Apple holdings this year, with Apple holdings falling by 13% in the first quarter.

Buffett hinted at Berkshire's annual meeting in May that the reduction in Apple holdings was for tax reasons, noting that "a small sale of Apple" this year would benefit Berkshire shareholders in the long run if the U.S. government wants to cover its growing fiscal deficit and raise capital gains taxes.

Snowflake(SNOW) was the second largest stock sold by Berkshire in the second quarter after Apple. During the quarter, Berkshire sold a total of 6.12 million shares held at the end of the first quarter, with a market value of approximately US$840 million. However, this part of the stock is relatively small in Berkshire's investment portfolio, accounting for only 0.03%.

Judging from the market value of the shares sold,Chevron(CVX) was the third largest stock sold by Berkshire in the second quarter, with a reduction of approximately 4.37 million shares and a market value of approximately US$680 million. The number of shares held decreased by 3.55% from the previous quarter, and the number of shares sold exceeded the 3.11 million shares in the first quarter.

By reducing the market value of shares held, financial holding companiesCapital One Financial(COF) was the fourth largest stock in terms of share reduction, with 2.65 million shares reduced in the quarter, with a market value of approximately US$367 million. The number of shares held decreased by approximately 21.3% from the previous quarter.T-Mobile(TMUS) was the fifth largest stock sold, with 570,000 shares sold in the quarter, with a market value of approximately US$100 million. The number of shares held decreased by 10.9% month-on-month.

Among the stocks that Berkshire Hathaway increased its holdings of, in terms of market value, the largest number of stocks it increased its holdings of in the second quarter wereOccidental Petroleum(OXY), increased its holdings by 7.26 million shares in the quarter, with a market value of US$458 million, a 2.9% increase from the previous quarter, and nearly 70% more shares than the 4.3 million shares in the first quarter. Wall Street Journal mentioned that in June, the first month of the second quarter, Berkshire increased its holdings of Occidental Petroleum by a total of about 7.3 million shares in the nine trading days ending June 17, at a price of around US$60 per share, equivalent to a total investment of more than US$400 million.

The second largest stock held by Berkshire Hathaway in the second quarter after Occidental Petroleum isChubb InsuranceChubb Ltd., increasing its holdings by nearly 1.11 million shares in the quarter, with a market value of approximately US$283 million, and a quarter-on-quarter increase of approximately 4.3%. Chubb is a new stock that Berkshire has acquired in the first quarter.

The fourth largest increase in holdings in the second quarter was satellite broadcasting companiesSirius XM Holdings Inc.(SIRI), increased its holdings by approximately 96.2 million shares in the quarter, with a market value of approximately US$272 million, and a 262.2% increase in the number of shares held. The fifth largest increase in holdings in the second quarter was a new face - a beauty companyUlta Beauty Inc.(ULTA), Berkshire built a position of 690,000 shares of Ulta Beauty in the quarter, with a market value of approximately US$266 million.

In addition to Ulta Beauty, Berkshire also bought new military stocks in the second quarterHeike AviationIn the second quarter, Berkshire Hathaway also sold 7.53 million shares of Snowflake.Paramount Universal（PARA）。

As of the end of the second quarter, Apple was still Berkshire's largest holding, and the ranking of the other top ten holdings was the same as in the first quarter, namely Bank of America (BAC), American Express (AXP), Coca-Cola (KO), Chevron, Occidental Petroleum, Kraft Heinz (KHC), Moody's (MCO), Chubb (CB), and Davita Inc (DVA).

By the end of the second quarter, the total market value of Berkshire's holdings fell from $332 billion to $280 billion. With a net sale of $75.5 billion in stocks during the quarter, Berkshire's cash holdings rose to a record $276.9 billion, a 46.5% increase from $189 billion in the first quarter. Berkshire has sold more stocks than it bought for seven consecutive quarters.