Keep on Buying
Berkshire Hathaway gave us details on how the conglomerate is doing with their earnings report last week, but the stock side was a bit more unclear. We knew they were buying more with the market downturn, but their SEC filing gave us more info on how their portfolio changed.
Speaking of Paramount, Berkshire added to their stake in the company, signaling they like the company’s moves. Berkshire bought 3.9 million shares of Apple, adding to their stockpile as their portfolio now holds $125 billion worth of Apple. Apple makes up 40 percent of Berkshire’s portfolio, which might come as a surprise to you as that doesn’t seem too diversified. We knew about the company’s energy investment, but direct data was given. Berkshire bought 22 million more shares of Occidental Petroleum and 2.3 million shares of Chevron as the energy market has shown a lot of strength recently, but there has been a trend. Berkshire didn’t add a new ticker to their portfolio, but instead bought more shares of companies they’ve believed in for a while. When it comes to sales, Berkshire exited their position in Verizon and trimmed their GM shares to reduce exposure to other sectors. Apple, American Express, Coke, Bank of America, and Chevron make up for almost 70 percent of Berkshire’s portfolio now, and the company is yet to break their streak of buying shares although that could change in the coming months.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.