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Warren Buffett's Berkshire Takes Another Bite Of Apple, Boosts Energy Holdings, Cashes Out Of Verizon: What 13F Filing Reveals

Stock Markets Aug 16, 2022 16:40
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© Reuters. Warren Buffett's Berkshire Takes Another Bite Of Apple, Boosts Energy Holdings, Cashes Out Of Verizon: What 13F Filing Reveals
 
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Warren Buffett-owned Berkshire Hathaway (NYSE:BRKa), Inc.’s (NYSE: BRK-A) (NYSE: BRK-B) portfolio saw some noteworthy and a few other nominal changes in the second quarter, according to the company's 13F filing.

Apple (NASDAQ:AAPL) Stake Increased: Berkshire had 894.8 million shares of tech giant Apple, Inc. (NASDAQ: AAPL) at the end of the second quarter, up from 890.92 million at the end of the first quarter. The firm’s Apple stake is valued at $122.34 billion.

Other Major Additions

  • Amazon.com, Inc. (NASDAQ: NASDAQ:AMZN) holding increased from 533,300 to 10.67 million shares (much of the increase may have to do with the 20-for-1 split that became effective on June 6).
  • Berkshire’s holding of Michigan-based bank holding company Ally Financial, Inc. (NYSE: ALLY) spiked from about 9 million to 30 million shares.
  • Chevron Corporation (NYSE: NYSE:CVX) holding increased from 159.18 million to 161.42 million shares.
  • Occidental Petroleum Corp. (NYSE: NYSE:OXY) holding raised from 129.93 million to 158.55 million shares; Since the end of the second quarter, Berkshire bought more than $11 billion worth of shares and holds an over 20% stake in the oil company, according to the Associated Press.
  • Paramount Global (NASDAQ: PARA) holding hiked from 68.95 million to 78.42 million shares.
  • Activision Blizzard, Inc. (NASDAQ: NASDAQ:ATVI) stake increased from 64.32 million to 68.40 million shares; The video game developer has agreed to be acquired by Microsoft Corporation (NASDAQ: NASDAQ:MSFT).
Read Benzinga's story on billionaire investor George Soros Q2 bets

Divestments

  • General Motors Corporation (NYSE: NYSE:GM) holding reduced from 62.05 million to 52.88 million shares.
  • STORE Capital Corporation (NYSE: STOR) stake more than halved from 14.76 million to 6.93 million shares.
Liquidations: Berkshire sold its entire 1.38 million holding in telecom giant Verizon (NYSE:VZ) Communications, Inc. (NYSE: VZ) and 1.50 million shares in Royalty Pharma plc. (NASDAQ: RPRX), which owns a portfolio of pharmaceutical investments.

Status Quo On Major Bets: Berkshire held its positions unchanged in its major holdings, excluding Apple and Chevron.

  • Coca-Cola Company, Inc. (NYSE: NYSE:KO): 400 million
  • American Express , Inc. (NYSE: NYSE:AXP): 151.61 million
  • Bank of America Corporation (NYSE: NYSE:BAC): 1.01 billion
These five companies made up 69% of the aggregate fair value of Berkshire’s portfolio at the end of the second quarter, the company revealed in its 10-Q filing in early August.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Warren Buffett's Berkshire Takes Another Bite Of Apple, Boosts Energy Holdings, Cashes Out Of Verizon: What 13F Filing Reveals
 

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