Warren Buffett details Berkshire’s sales of Apple, Chevron and Capital One as it buys more Chubb

OMAHA, Neb. (AP) — Warren Buffett provided more details Wednesday about the stocks he’s been selling lately, including confirming he sold more than 389 million shares of Apple ( AAPL ) during the second quarter.

Berkshire Hathaway (BRK-B) still owns 400 million shares of the iPhone maker, so it remains the largest position in the conglomerate’s stock portfolio, according to the company’s latest filing with the Securities and Exchange Commission. News that Buffett offloaded a huge chunk of Apple appeared in Berkshire’s earnings report earlier this month, but the exact number of shares he sold was not clear until Wednesday.

In addition to the big Apple sale, Berkshire recently reduced its investments in Bank of America, Chevron, Capital One, Floor & Decor Holdings, T-Mobile and Louisiana Pacific. Berkshire also unloaded its nearly $1 billion investment in Snowflake.

As a result of all the selling, Berkshire’s already massive cash pile has reached a record $277 billion.

But Berkshire invested more money in insurer Chubb and oil producer Occidental Petroleum, while unveiling smaller new investments in aerospace parts maker Heico Corp. and cosmetics retailer Ulta Beauty.

The quarterly filings do not say which moves Buffett made and which actions were taken by one of Berkshire’s other two investment managers, but Buffett typically handles all of the largest investments worth more than $1 billion.

And many investors keep a close eye on Buffett’s stock because he has a remarkable track record of success over the decades.

In addition to its nearly $300 billion stock portfolio, Berkshire owns several major insurers, including Geico, one of the nation’s largest railroads in BNSF, a collection of large utilities, and a range of manufacturing and retail companies . Its holdings include well-known brands such as Dairy Queen, Helzberg Diamonds and NetJets.