On November 4th Beijing time, Berkshire Hathaway, a subsidiary of Warren Buffett, disclosed its financial report for the third quarter of 2023. The report shows that Berkshire had a net loss of $12.767 billion (approximately RMB 93.2 billion) in the third quarter, and due to the decline in its holding of Apple's stock price, investment income recorded a huge loss of $24.1 billion in the third quarter. This is also Berkshire's first quarterly loss this year.
Berkshire stated that its operations are affected by geopolitical conflicts, supply chain disruptions, and government actions to mitigate inflation, and reiterated that the amount of investment gains and losses in any specific quarter is usually meaningless, and the resulting net profit per share data may greatly mislead investors who have little or no knowledge of accounting rules.
As of September 30th, approximately 78% of Berkshire's equity investment fair value was concentrated in five companies, with five stocks remaining unchanged from the previous quarter, including Apple, Bank of America, American Express, Coca Cola, and Chevron. Among them, the market value of shares held by American Express is $22.6 billion, the market value of shares held by Apple is $156.8 billion, Bank of America is $28.3 billion, Coca Cola is $22.4 billion, and Chevron is $18.6 billion.