Salah satu berita terbesar di pasar modal saat ini berkaitan dengan Apple. Lebih spesifiknya, Berkshire Hathaway milik Warren Buffett menjual sebagian besar sahamnya dalam pembuat iPhone tersebut menurut laporan terbaru.
Meskipun ini telah menimbulkan banyak perhatian di komunitas investasi, saya pribadi tidak terkejut. Lebih dari itu, saya rasa Buffett masih belum selesai.
Mari kita telaah manajemen portofolio terbaru Buffett dan jelajahi apa yang mungkin akan dilakukan Oracle of Omaha selanjutnya.
Buffett terus memangkas sahamnya di Apple
Menurut laporan triwulanan terbaru Berkshire, saham perusahaan di Apple bernilai $84,2 miliar pada akhir kuartal kedua. Sebagai perbandingan, saham Apple Buffett bernilai sekitar $135 miliar pada akhir kuartal pertama.
Meskipun Apple tetap menjadi pilar utama portofolio Berkshire, menarik untuk melihat Buffett mengurangi sahamnya dengan jumlah yang signifikan. Meskipun demikian, ada beberapa indikasi bahwa hal ini akan terjadi.
Earlier this year Berkshire trimmed its Apple position by about 13%. Buffett explained his rationale for that move during Berkshire’s annual shareholder meeting — citing that he believed changes to the tax code were on the horizon. Essentially, Buffett was looking to lock in some gains and avoid a higher tax liability should his prediction come to fruition.
While it’s impossible to predict the perfect moment to sell a stock, Buffett’s logic makes total sense. Now that it’s been revealed that he’s reduced his Apple stake even further, I think there’s a good possibility the famed investor will make another move that will also revolve around savvy tax planning.
Image source: Getty Images.
He may not be finished yet
Portofolio Buffett dipenuhi dengan bisnis blue chip, pertumbuhan stabil seperti Coca-Cola dan American Express. Berkshire jarang berinvestasi di peluang pertumbuhan tinggi di luar posisi inti industri mereka.
Namun, beberapa tahun lalu Berkshire melakukan salah satu gerakan paling menarik dalam sejarah terbaru mereka.
Pada tahun 2020, Berkshire berinvestasi sekitar $730 juta dalam penawaran saham perdana Snowflake (NYSE: SNOW). Snowflake adalah bisnis software-as-a-service (SaaS) yang mengkhususkan diri dalam analitik big data. Tidak hanya Snowflake beroperasi di sektor teknologi, yang biasanya diabaikan oleh Buffett, tetapi pada saat penawaran saham perdana perusahaan ini masih mengalami kerugian. Salah satu filosofi investasi inti Buffett adalah berinvestasi di perusahaan yang menghasilkan arus kas stabil dan berkembang.
Menurut laporan, Berkshire memiliki sekitar 6,1 juta saham Snowflake. Dengan total investasinya sebesar $730 juta, investor dapat berasumsi bahwa basis biaya Berkshire dalam saham Snowflake adalah sekitar $120.
Story continues
SNOW Chart
Berdasarkan grafik di atas, jelas bahwa Buffett melewatkan beberapa keuntungan signifikan dalam saham Snowflake beberapa tahun yang lalu. Selain itu, dengan harga saham saat ini sekitar $116 per saham, Berkshire sekarang mengalami kerugian dalam posisinya.
Jika grafik di atas adalah indikasi, tindakan harga Snowflake cukup volatil. Meskipun ada kemungkinan saham bisa melonjak kembali, tren di atas menunjukkan bahwa investor telah melakukan penjualan berat saham Snowflake untuk beberapa waktu sekarang — terutama sepanjang tahun 2024.
While Buffett’s loss in his Snowflake position isn’t that big in the grand scheme of things, I still think there is a good chance he will exit the position.
Some things to consider
I can’t say for certain why Buffett sold more Apple stock. My suspicion is that he is looking to stockpile more cash due to a variety of factors, including uncertainty in the market as it pertains to the upcoming presidential election, further hedging as it relates to potential changes to the tax code, and reducing his exposure to an ever-changing artificial intelligence (AI) narrative.
All of these concerns could very well impact stocks like Snowflake, too. Keep in mind that earlier this year Snowflake’s CEO suddenly departed, leaving investors stunned. Furthermore, unlike many of its SaaS peers, Snowflake has made little progress in AI. These dynamics have left many investors unenthused and doubtful about the company’s future — hence the ongoing selling activity throughout this year.
Given Buffett has already made some splashy changes to his portfolio for tax reasons, I think it could make sense that he sells his Snowflake stock and reduces his capital gains tax through a strategy known as tax loss harvesting.
Moreover, I question if Buffett has fully bought into the AI narrative considering he isn’t known to be much of a technology investor. My hunch is that he isn’t and that it probably makes some sense to get out of Snowflake and turn back to his roots.
Should you invest $1,000 in Snowflake right now?
Before you buy stock in Snowflake, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Snowflake wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $641,864!*
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.
See the 10 stocks »
*Stock Advisor returns as of August 6, 2024
American Express is an advertising partner of The Ascent, a Motley Fool company. Adam Spatacco has positions in Apple. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and Snowflake. The Motley Fool has a disclosure policy.
Prediksi: Setelah Menjual Apple, Ini Akan Menjadi Langkah Selanjutnya yang Dilakukan Warren Buffett Dengan Saham Artificial Intelligence (AI) semula dipublikasikan oleh The Motley Fool