In just six years, Warren Buffett has invested about $78 billion in this stock, with his most recent purchase of $345 million.
The CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), Warren Buffett, has dazzled Wall Street with his extraordinary investing abilities for almost sixty years. Berkshire's Class A shares have surged by almost 5,180,000% under Buffett's leadership since the mid-1960s, nearly double the average yearly total return of the S&P 500, including dividends. Because of his extraordinary success, around 40,000 people attend Berkshire's shareholder meetings in Omaha, Nebraska, each year, and the company's quarterly Form 13F filings are now eagerly awaited events. The SEC filed these documents, which show the stock movements of some of Wall Street's most intelligent people, including Buffett.
That being said, the most surprising revelation is frequently not what's contained in Berkshire's 13F filings, but rather what Buffett is doing with his preferred stock. Interestingly, Buffett has sold stocks for a net amount for seven quarters running. Despite not having filed their 13F for the second quarter of 2024, Berkshire's cash flow records show that they have been net-selling since October 2022.
By the conclusion of the second quarter, Berkshire's largest holding—Apple—had lost over half of its value. Additionally, during 12 straight trading sessions from July 17 to August 1, Buffett's staff liquidated Bank of America shares, which were their second-largest holding. Over the course of the last seven quarters, Buffett and his colleagues have sold almost $131.6 billion more in assets than they have bought, creating a record cash pile of $277 billion.
While net-selling has been the pattern, Buffett has made several well-chosen acquisitions. For example, since early 2022, he has continuously increased Berkshire's investment in Occidental Petroleum (NYSE: OXY). Buffett's team has acquired more than 255.2 million shares of the oil and gas corporation in around 30 months, indicating their strategic focus in the midst of wider market selling.
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