Warren Buffett turned heads as he dumped another big portion of his Apple stake, and here's where his top holdings stood at the end of the third quarter. Berkshire Hathaway disclosed in its earnings report that approximately 70% of its equity portfolio was concentrated in just five stocks — Apple, Bank of America , Coca-Cola , American Express and Chevron . The Oracle of Omaha downsized his Apple stake for the fourth straight quarter, dumping about a quarter of the bet with $69.
Since mid-July, Berkshire has reaped more than $10 billion from selling its longtime Bank of America investment. The earnings report only reflects end-of-September holdings. Berkshire has sold more BofA shares in October, bringing the bank stake to just under 10%, a key threshold that requires frequent disclosure with the regulators. After months of selling, Bank of America is no longer Berkshire's second biggest holding. It has fallen behind America Express as Berkshire owned $41.