Buffett’s firm trims drugmaker stakes, buys 2 new stocks
3 years, 1 month ago

Buffett’s firm trims drugmaker stakes, buys 2 new stocks

Associated Press  

— Investor Warren Buffett’s company made two new investments during the third quarter while trimming its holdings in several drugmakers and financial firms. Buffett and other Berkshire officials don’t comment on these quarterly stock filings, and the reports don’t make it clear whether either of the company’s two other investment managers had a hand in the moves. Buffett generally handles all the bigger investments in Berkshire’s portfolio that are worth more than $1 billion apiece such as longstanding holdings in Coca-Cola and American Express stock. With Chevron, Berkshire bought nearly 5.6 million shares to rebuild part of the investment it had been selling off in the first half of this year, but Berkshire’s current $2.9 billion investment in the oil giant is still smaller than the $4.1 billion Chevron stake it established late last year.

Investment Investments Chevron Buffett Its Investments Quarter Berkshire  holdings  worth  trims  buys  stake  stocks  companies  firm  quarter  berkshire  investment  investments  million  stakes  buffetts  berkshires  drugmaker

History of this topic

Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap
3 months, 3 weeks ago

Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap

Hindustan Times  

Berkshire Hathaway Inc., the conglomerate led by American Businessman Warren Buffett, has made history by becoming the first U.S. non-tech company to surpass the USD 1 trillion mark in market capitalisation. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. The stock price …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake
4 months, 2 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake

LA Times  

Michelle King of San Francisco does yoga in the See’s Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on May 4, 2024, in Omaha. Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter
4 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter

Associated Press  

— Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because there had been little positive financial news lately. Just two years ago Buffett called the stock one of the four giants of his conglomerate’s business alongside Berkshire insurance, …

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day
4 months, 3 weeks ago

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day

Hindustan Times  

Warren Buffett sold shares of Bank of America Corp. for the 12th straight day, trimming his conglomerate’s massive stake in the lender by a total of 8.8% — or $3.8 billion — since mid-July. In the latest disposals, his Berkshire Hathaway Inc. reaped $779 million selling stock on July 30 through Aug. 1, according to a regulatory filing late Thursday. …

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America
5 months ago

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America

Hindustan Times  

Warren Buffett’s Berkshire Hathaway sold about 34 million shares of Bank of America Corp. for $1.48 billion, as per a public filing. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha. Warren Buffett invested $5 billion in the bank in 2011 in exchange for preferred stock and …

Warren Buffett just lost $4.5 billion because of this stock market decision
6 months, 1 week ago

Warren Buffett just lost $4.5 billion because of this stock market decision

Hindustan Times  

Warren Buffett- Berkshire Hathaway Chairman- has taken bets in the markets that have earned billions of dollars in the last eight decades giving him the name ‘Oracle of Omaha’. Since 2016, Warren Buffett’s investment firm Berkshire Hathaway has accumulated millions of Apple shares which reportedly account for nearly 50% of his overall stock portfolio. But this year, Warren Buffett sold …

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
7 months, 2 weeks ago

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple

Associated Press  

— Berkshire Hathaway’s first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. On a per share basis, this year’s first quarter operating figure amounts to $7,796.47 per Class A share, beating three analysts’ estimates by FactSet Research, who predicted $6,701.87 per Class …

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
10 months ago

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes

Associated Press  

— Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisers who urge them to trade often. That would be like finding gold and …

Buffett’s firm sells off several smaller investments, including GM and UPS
1 year, 1 month ago

Buffett’s firm sells off several smaller investments, including GM and UPS

Associated Press  

— Warren Buffett’s company unloaded a number of the smaller investments from its portfolio in the third quarter including General Motors, Mondelez and Johnson & Johnson. Many investors like to follow the changes in Berkshire’s portfolio because they want to see Buffett’s latest investment decisions, although some of the smaller changes made each quarter are likely the work of one …

Warren Buffett’s Berkshire Hathaway sheds investments in GM, J&J and P&G
1 year, 1 month ago

Warren Buffett’s Berkshire Hathaway sheds investments in GM, J&J and P&G

Live Mint  

Warren Buffett’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson, while the stock market’s rally sputtered in the third quarter. While Berkshire’s holdings may have changed in the first half of the fourth quarter, the 13F report provides a window into how Buffett and his investing deputies viewed the …

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well
1 year, 1 month ago

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well

Associated Press  

— Warren Buffett’s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well. That’s why Buffett has long said investors are better served focusing on Berkshire’s operating earnings, which exclude the value of its investments that can …

Warren Buffett’s company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys
1 year, 1 month ago

Warren Buffett’s company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys

Associated Press  

— Investor Warren Buffett joined the recent oil-buying spree in the market this week by resuming Berkshire Hathaway’s purchases of Occidental Petroleum stock for the first time in four months. Buffett’s company said in a Securities and Exchange Commission filing late Wednesday that it invested more than $246 million to add to its already massive Occidental stake over the first …

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well
1 year, 4 months ago

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well

Associated Press  

— Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and many of Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire’s revenue jumped to $92.5 billion from last year’s $76.2 billion thanks largely to …

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer
1 year, 5 months ago

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer

Associated Press  

— Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million. But last year, Buffett did get permission from federal regulators to buy up …

Warren Buffett buys another $127 million worth of Occidental Petroleum stock
1 year, 7 months ago

Warren Buffett buys another $127 million worth of Occidental Petroleum stock

Associated Press  

— Investor Warren Buffett’s company bought another $127 million worth of Occidental Petroleum stock over the past week to give Berkshire Hathaway 213.9 million shares of the oil producer. Berkshire’s latest filing with the Securities and Exchange Commission late Monday showed that it had bought another 2.2 million Occidental shares. Buffett’s Omaha, Nebraska-based conglomerate controls 23.8% of Occidental’s stock and …

Warren Buffett’s company recommits to Bank of America stock while dumping other banks
1 year, 7 months ago

Warren Buffett’s company recommits to Bank of America stock while dumping other banks

Associated Press  

— Investor Warren Buffett recommitted to his favorite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway’s stock portfolio. Berkshire picked up another 17.4 million shares during the quarter, as it previously reported, to take control of nearly 24% of the oil producer’s stock or …

Warren Buffett’s company keeps selling carmaker BYD’s stock
1 year, 7 months ago

Warren Buffett’s company keeps selling carmaker BYD’s stock

Associated Press  

— Warren Buffett’s company continues selling off its stake in Chinese electric car manufacturer BYD and now holds less than 10% of the company’s stock. Berkshire Hathaway revealed the latest sale of 1.96 million BYD shares worth about $58.9 million Monday in a filing with the Hong Kong stock exchange. Since Berkshire first bought its BYD shares in 2008 for …

Buffett shares good news on profits, AI thoughts at meeting
1 year, 7 months ago

Buffett shares good news on profits, AI thoughts at meeting

Associated Press  

— Billionaire Warren Buffett said artificial intelligence may change the world but new technology won’t take away opportunities for investors and he’s confident America will continue to prosper despite its bitter political divisions. — Buffett said Apple — Berkshire’s biggest stock holding — is a wonderful business because of how devoted consumers are to their iPhones. “But I do understand …

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report
1 year, 7 months ago

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report

Live Mint  

Billionaire and ace investor, Warren Buffett's Berkshire Hathaway sees over a 5-folds jump in net earnings for the first quarter of 2023, driven by gains from stocks such as Apple Inc. Also, higher income from investment boosted the operating profit. Net earnings attributable to Berkshire Hathway's shareholders skyrocketed by 536.27% to $35.5 billion in Q1 of 2023, as compared to …

Buffett says people shouldn’t worry about Berkshire, banks
1 year, 8 months ago

Buffett says people shouldn’t worry about Berkshire, banks

Associated Press  

— Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he’s no longer around to lead the conglomerate. “The problem for our board of directors is the day I’m not around and Greg’s running it, I am not giving him some envelope that tells him what to do next,” Buffett said. Buffett and Abel fielded a …

Buffett’s company owns nearly 24% of Occidental Petroleum
1 year, 8 months ago

Buffett’s company owns nearly 24% of Occidental Petroleum

Associated Press  

— Billionaire Warren Buffett’s company bought more than $200 million worth of Occidental Petroleum’s shares over the past week, giving it control of 23.6% of the oil producer’s stock. Berkshire now owns nearly $13 billion worth of Occidental’s common shares outright. Buffett doesn’t routinely comment on Berkshire’s stock purchases beyond what he is required to disclose, and he didn’t immediately …

Buffett’s firm buys Apple, slashes chipmaker and bank stakes
1 year, 10 months ago

Buffett’s firm buys Apple, slashes chipmaker and bank stakes

Associated Press  

— Billionaire Warren Buffett’s company added to its already substantial Apple investment at the end of last year while slashing a new investment in computer chip maker Taiwan Semiconductor and two longtime bank holdings. Berkshire picked up nearly 21 million more shares in the iPhone maker during the final three months of last year to give it 915.6 million shares …

Buffett’s firm has now sold 95 million shares of China’s BYD
1 year, 10 months ago

Buffett’s firm has now sold 95 million shares of China’s BYD

Associated Press  

— Warren Buffett’s company has now sold nearly 95 million of its original 225 million shares of Chinese electric carmaker BYD’s stock, but it remains a significant shareholder. Berkshire Hathaway said in a filing with the Hong Kong stock market Thursday that it had sold another 4.235 million BYD shares since last month. After the most-recent sales, Berkshire still held …

Buffett’s firm keeps selling BYD shares despite past praise
1 year, 11 months ago

Buffett’s firm keeps selling BYD shares despite past praise

Associated Press  

— Warren Buffett’s company continues selling off its BYD shares despite the positive comments he has made about the Chinese electric car maker in the past, but Berkshire Hathaway remains a major shareholder. Berkshire said in a filing with the Hong Kong stock exchange Monday that it had sold another 1 million shares, leaving it with 13.97% of the Hong …

Warren Buffett’s Berkshire buys more Occidental shares, raises stake to 16.4%
2 years, 5 months ago

Warren Buffett’s Berkshire buys more Occidental shares, raises stake to 16.4%

Live Mint  

Warren Buffett's Berkshire Hathaway plowed another $44 million into Occidental Petroleum, boosting its bet on the oil-and-gas firm to about $9 billion. The share purchases come nearly a week after Berkshire bought 9.6 million Occidental shares. The company also owns options to buy another 83.9 million Occidental shares, which if exercised, would bring its stake to more than 25%. It …

Warren Buffett tells shareholders about spending $51 billion
2 years, 7 months ago

Warren Buffett tells shareholders about spending $51 billion

Associated Press  

— Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone. Buffett said Berkshire was able to take advantage of the fact that Wall Street is largely run like a “gambling …

Buffet’s Berkshire sees 53% drop in first quarter income, operating results flat
2 years, 7 months ago

Buffet’s Berkshire sees 53% drop in first quarter income, operating results flat

Live Mint  

Warren Buffett's Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp. Berkshire, which Buffett has run since 1965, also said on Saturday quarterly operating profit was little changed from a year earlier, with some businesses able to fend off supply chain disruptions. The …

Warren Buffett buying spree goes on, HP soars on 11.5% stake
2 years, 8 months ago

Warren Buffett buying spree goes on, HP soars on 11.5% stake

Associated Press  

— Shares of HP Inc. jumped nearly 15% Thursday after Warren Buffett’s company snapped up more than 11% of the printer and computer maker over the past week in another uncharacteristic tech investment from the billionaire. Berkshire’s investments now lean heavily on financial services companies and “value tech investments,” said CFRA Research analyst Cathy Seifert. Besides the high-tech investments in …

Warren Buffett’s Berkshire Hathaway stock price reaches $500,000 for first time
2 years, 9 months ago

Warren Buffett’s Berkshire Hathaway stock price reaches $500,000 for first time

Live Mint  

The share price of Warren Buffett's Berkshire Hathaway Inc reached $500,000 for the first time on Monday, reflecting the company's status as a defensive stock in a market unsettled by events in Ukraine and rising inflation. The Omaha, Nebraska-based company's market value is approximately $731 billion, ranking sixth in the United States, and Buffett's 16.2% stake makes him the world's …

Buffett still wants deals but can’t find any attractive ones
2 years, 9 months ago

Buffett still wants deals but can’t find any attractive ones

Associated Press  

— Billionaire Warren Buffett says his company has benefited from some “extraordinary luck” in finding acquisitions like BNSF railroad over the decades, but he hasn’t had much of that in recent years as Berkshire Hathaway’s cash pile has grown to nearly $147 billion. By that measure, Berkshire’s operating earnings jumped from $5.02 billion, or $3,224.74 per Class A share, to …

Buffett’s Berkshire stays aggressive with stock repurchases
3 years, 6 months ago

Buffett’s Berkshire stays aggressive with stock repurchases

Associated Press  

— Warren Buffett’s Berkshire Hathaway conglomerate is still aggressively buying back its own stock to make use of some of its huge pile of cash. The latest repurchases were revealed Wednesday when Buffett filed an update on his Berkshire holdings after he donated $4.1 billion worth of stock to five foundations he supports with annual gifts. Berkshire has turned to …

Warren Buffett says US economy’s unexpected strength benefits Berkshire Hathaway
3 years, 7 months ago

Warren Buffett says US economy’s unexpected strength benefits Berkshire Hathaway

Live Mint  

Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire's annual meeting, Buffett said the economy has been "resurrected in an extraordinarily effective way" by monetary stimulus from the Federal …

Warren Buffett warns investors not to gamble on stocks
3 years, 7 months ago

Warren Buffett warns investors not to gamble on stocks

Associated Press  

— Billionaire Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at Berkshire Hathaway’s annual meeting Saturday. Buffett spent several hours answering questions Saturday afternoon at an online version of Berkshire’s annual meeting alongside vice chairmen Charlie Munger, Greg Abel and Ajit Jain. I think I …

Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
3 years, 9 months ago

Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals

Live Mint  

Warren Buffett's Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee Berkshire's non-insurance and insurance operations and whose pay Buffett sets, were each awarded $19 million, unchanged from 2019. Berkshire's dozens …

Warren Buffett again encourages investors to bet on America
3 years, 9 months ago

Warren Buffett again encourages investors to bet on America

Associated Press  

— Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Buffett said one of his biggest investments last year was the $25 billion repurchase of Berkshire’s own shares. One of Berkshire’s hardest-hit businesses last year was aviation parts manufacturer Precision Castparts, …

’Never bet against America’: Full text of Warren Buffett’s annual letter to shareholders
3 years, 9 months ago

’Never bet against America’: Full text of Warren Buffett’s annual letter to shareholders

Live Mint  

Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. As I’ve emphasized many times, Charlie and I view Berkshire’s holdings of marketable stocks – at yearend worth $281 billion – as a collection of businesses. ************ Last year we demonstrated our enthusiasm for Berkshire’s spread of properties by repurchasing the equivalent of 80,998 “A” shares, spending $24.7 …

What Warren Buffett’s stock market strategy has signalled
3 years, 10 months ago

What Warren Buffett’s stock market strategy has signalled

Live Mint  

It was already pretty safe to say that Warren Buffett wasn’t going to get in on the overzealous GameStop Corp. buying action of late. But a regulatory filing Tuesday signalled that the famed investor is still hesitant about stocks generally, with his Berkshire Hathaway Inc. back to hoarding cash while riding out a market that’s been disjointed by a global …

Warren Buffett likes stocks again
4 years, 1 month ago

Warren Buffett likes stocks again

Live Mint  

Warren Buffett is a living, breathing billionaire, but he’s also a leading economic indicator. A filing late Monday showed that in the latest period Berkshire Hathaway bought a handful of U.S. pharmaceutical giants: AbbVie Inc., Bristol-Myers Squibb Co., Merck & Co. and Pfizer Inc. Even so, my colleague Max Nisen tells me that Buffett’s pharma bets likely aren’t entirely vaccine-related, …

Warren Buffett likes stocks again
4 years, 1 month ago

Warren Buffett likes stocks again

Live Mint  

Warren Buffett is a living, breathing billionaire, but he’s also a leading economic indicator. A filing late Monday showed that in the latest period Berkshire Hathaway bought a handful of U.S. pharmaceutical giants: AbbVie Inc., Bristol-Myers Squibb Co., Merck & Co. and Pfizer Inc. Even so, my colleague Max Nisen tells me that Buffett’s pharma bets likely aren’t entirely vaccine-related, …

Profit up 87% at Buffett’s firm, but virus slows businesses
4 years, 4 months ago

Profit up 87% at Buffett’s firm, but virus slows businesses

Associated Press  

— Warren Buffett’s company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the economic impact of the coronavirus pandemic. Berkshire Hathaway Inc. said Saturday that it earned …

Discover Related