Warren Buffett Berkshire Hathaway (BRKB) bought shares Taiwan Semiconductor (TSM) for the first time during the third quarter of the bear market during the dumping capital store (STOR) completely.
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What Warren Buffett bought, he sold in the third quarter
Buffett-led Berkshire has bought nearly 60 million shares of Taiwan Semiconductor worth more than $4.1 billion, according to Berkshire’s latest 13F filing late Monday. whalewisdom.com.
in October, Taiwan Semi, also known as TSMC, is the world’s largest chip maker, posted a profit in the third quarter, defying weakness in the chip business. TSM stock rose 10.6% to 80.50 on a daily basis stock market todayextending last week’s high above the 50-day moving average.
Besides Taiwan Semi, Berkshire Hathaway has opened positions in Louisiana Pacific (lpx) And the Jefferies Financial Group (JEF) during the Q3 Bear Market. Berkshire has purchased 5.8 million shares of Louisiana Pacific, a maker of building products and engineered wood components, for approximately $297 million. It purchased approximately 433,000 shares of Jefferies Financial Group, a global investment banking and capital markets company, for $12.8 million.
LPX stock rose 7.8% to 63.52 on Tuesday, rising above the 200-day moving average. JEF shares rose 2.1% to 37.67 on Tuesday.
During the third quarter, Berkshire grew its existing holdings in several stocks: in Occidental Petroleum (OXY) by 22%; Paramount Global (Para) by 16%; R (R), formerly Hardware Recovery, at 8%; Celanese (M) by 6%; And the chevron (CVX) by 2%. The group purchased an additional 35.8 million shares of OXY stock; an additional 12.8 million shares in Paramount Global, whose Paramount+ video streaming service is a competitor to Netflix and Disney+; And 3.9 million more shares than CVX shares. PARA stock rose 5.1% to 19.44 on Tuesday.
While exiting Store Capital last quarter, Berkshire cut existing holdings in other stocks: in US Bancorp (USB) by 55%; Bank of New York Mellon (BK) by 14%; Activision Blizzard (ATVI) by 12%; general motors (GM) by 5%; And the Kruger (K) by 4%.
Store Capital, a real estate investment fund, or REIT, is being acquired by GIC, a global institutional investor, and funds managed by Oak Street, in an all-cash transaction valued at $14 billion.
The Berkshire’s Q3 Earnings Report On November 5, he did reveal that Buffett was a net buyer of stocks, including OXY shares, during a volatile third quarter. But investors have been waiting for the 13F filing, which arrived Monday after the market closed, to learn more about the stocks Buffett bought and sold in the most recent quarter.
The S&P 500 has rebounded since mid-October, after ending the third quarter in bear market territory for the second consecutive quarter.
Top holdings Berkshire Hathaway Stock
In the third quarter, Berkshire held several of its top holdings Warren Buffett’s Dow Heavy Stock Portfolio Fixed, according to a 13F filing late Monday.
The largest stock in the conglomerate by market capitalization is apple (AAPL), with the stake valued at $123.66 billion at the end of September. But American bank (Buck) is the No. 1 stock by number of shares owned, with AAPL stock ranking No. 2 in this metric. In addition to, American Express (AXP), coca cola (KO) And the Kraft Heinz (KHC) count between Buffett’s largest holdings by number of shares.
Smaller but noticeable node Amazon (AMZN). Berkshire held its positions in each of these holdings last quarter.
Warren Buffett has a long-standing track record of beating the market with his choices. The head of Berkshire has earned a reputation as an investor who buys and holds stocks for years or even decades. The company has held AAPL stock since the first quarter of 2016 and KO shares since the first quarter of 2001, for example.
Investors are tracking Berkshire’s 13F filings to see where the investment legend puts his money to work in the stock market. Buying a new Warren Buffett stock could cause that company’s share price to go up.
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In the third quarter, Warren Buffett’s stock purchases exceeded stock sales by $3.7 billion, including $2 billion invested in OXY stock. Berkshire Hathaway also bought back $1.05 billion of its shares.
Amid third-quarter volatility, Berkshire posted a loss of $10.5 billion in equity investments. Meanwhile, its cash stock has grown from $105.4 billion at the end of June to $109 billion at the end of September.
So far in 2022, Berkshire has been able to accelerate the pace of investment activity. It has significantly raised its energy gamble in the wake of Russia’s invasion of Ukraine on February 24, which disrupted global oil and gas supplies. in 2021, Berkshire Hathaway mostly played defense Where the stock market rose.
Class B shares in Berkshire shares rose 0.4% to 309.98 Tuesday. The shares remained unchanged in pre-market trading stock market today. Apple stock advanced 1.2% to 150.04 on Tuesday.
Find Aparna Narayanan on Twitter at @tweet.
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