Here’s Every Stock Warren Buffett Bought or Sold in Q1 | The furry fool

Berkshire Hathaway BRK.A -0.16%BRK.B -0.34% has dozens of subsidiaries, but the subject of many headlines around the company is the huge stock portfolio it owns, and for good reason. With a market value of $364 billion and most of its holdings hand-picked by Warren Buffett himself, Berkshire’s stock portfolio is closely watched by investors looking to see what moves the Oracle of Omaha is making.

At Berkshire’s recent annual meeting, we learned that Buffett and his team were quite active in the market in the first quarter, but we just got a glimpse of what he was buying and selling. This was Berkshire’s most active neighborhood in a long time, to say the least. Buffett and his investment managers took eight new positions, added stock to seven of his existing stock positions, and sold some or all five.

Without further ado, here’s a rundown of all the stocks Berkshire Hathaway has bought or sold since we last got a snapshot of his stock portfolio.

Image source: Getty Images.

New Equity Holdings in Berkshire Hathaway’s Portfolio

Company (symbol)

Shares bought

Market value

% property

Occidental Petroleum OXY 5.68%

226,119,467

$13.2 billion

24.2%

HP HPQ 1.98%

120.952.818

$4.22 billion

11.5%

Citigroep C -0.38%

55.155.797

$2.95 billion

2.8%

Paramount Global PAR -1.16%

68,947,760

$2.61 billion

11.3%

celanese CE 1.52%

7,880.998

$1.13 billion

7.3%

McKesson MCK 1.11%

2,921,975

$895 million

2%

Markel MKL -0.03%

420.293

$620 million

3.1%

Ally Financial LANE -2.15%

8,969,420

$390 million

2.7%

Data source: Berkshire Hathaway SEC Filings.

We already knew about a few of these — most notably Occidental and HP, the two largest. But some of the others are a surprise.

For starters, we know Buffett is a fan of the financial sector, but Citigroup is a surprising choice. In fact it is the nothing but one of the major US banks that Buffett has not owned in recent years. Ally Financial isn’t nearly that big of a surprise, as Berkshire likes efficient, high-margin companies like itss and those previously owned Synchrony Financial SYFU -1.16%which are quite similar.

Media conglomerate Paramount Global was a bit of a surprise. The media conglomerate owns the film and television studios of Paramount, CBS Entertainment, several well-known media networks and more. Materials company Celanese is more of a traditional “Buffet stock,” and pharmaceutical and medical supply company McKesson is the latest in a series of health care bets from Buffett.

Last but certainly not least, Markel is a particularly striking addition. For starters, Markel itself is often referred to as a “baby Berkshire” because it uses a similar insurance business model to fund an investment portfolio. And it’s interesting to note that Markel has also released his latest portfolio holdings – and by far the largest holding is Berkshire Hathaway.

Berkshire Hathaway shares added to

Company (symbol)

Shares bought

Market value of new shares

% property

Apple AAPL -1.07%

3.787.856

$557 million

5.5%

Chevron CVX 3.06%

120,933,082

$20.3 billion

8.2%

Activision Blizzard ATVIA 0.33%

49,657,101

$3.86 billion

8.2%

General engines GM -2.90%

2.045,847

$78.2 million

4.3%

RH RH -3.39%

353.453

$102 million

10.1%

Liberty Media (NASDAQ: FWONK)

7,722,451

$471 million

3.8%

Flooring and decoration companies FND -2.34%

4.780.000

$281 million

4.5%

Data source: Berkshire Hathaway SEC Filings.

Just to be sure, we already knew about the two most notable additions. We knew from Buffett’s commentary at the Berkshire Annual Meeting that Chevron had become one of the company’s largest stock holdings, and that Buffett decided to play arbitration on Activision Blizzard’s pending takeover by Microsoft MSFT 0.15%

Berkshire Hathaway shares sold in the first quarter

Company (symbol)

Shares sold

Market value

Ownership percentage after sale

Kroger KR -0.36%

3,427,647

$183 million

7.9%

store capital STOR -0.11%

9,660,357

$265 million

5.4%

Verizon VZ 1.78%

157,444,464

$7.6 billion

0.03%

Royalty Pharma RPRX 0.80%

7,151,896

$286 million

0.3%

Wells Fargo WFC -1.01%

675.054

$28.8 million

0%

Data source: Berkshire Hathaway SEC Filings.

The quarter’s biggest sale was Verizon, but it wasn’t exactly a surprise. The company’s recent quarterly report indicated that Berkshire may have unloaded the telecom giant. And it’s also worth noting that for the first time since 1989, Berkshire no longer owns any Wells Fargo stock.

A lot could have happened since March

An important point to keep in mind is that, excluding the stock counts for Activision Blizzard, HP and Occidental, these are all as of the end of the first quarter on March 31.

Two things to remember. First, most of the recent market slump has occurred after the end of the first quarter. And second, Berkshire still had $106 billion in cash at the end of the first quarter — far more than the $30 billion Buffett likes to have in reserve. So it’s entirely possible that Buffett and his team have wagered more money in the past month and a half. We just need to stay informed.


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