13F Tracking: Buffett Buys This Chip Stock for the First Time and Sells These Financial Stocks in Q3

Investing with moomoo wrote a column · Nov 15, 2022 16:55

$Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ released the latest quarterly report on Monday after the closing bell. The SEC filings shows Berkshire spent roughly $9 billion on the stock market in the third quarter. Here are the key trades:

Top Holdings

- $Apple (AAPL.US)$ is still the NO.1 holding by market value as well as by % of the portfolio. Berkshire has held Apple stock since Q1 2016.
- $Bank of America (BAC.US)$ is the NO.1 by the number of shares held.
- $Chevron (CVX.US)$, $Coca-Cola (KO.US)$, $American Express (AXP.US)$, $Occidental Petroleum (OXY.US)$, $The Kraft Heinz (KHC.US)$ are also on the top of the list.

Bought

- A new position in $Taiwan Semiconductor (TSM.US)$(60,060,880 shares), $Louisiana-Pacific (LPX.US)$(5,795,906 shares) and $Jefferies Financial (JEF.US)$(433,558 shares).
- Increased existing position in $Chevron (CVX.US)$, $Occidental Petroleum (OXY.US)$, $Paramount Global-B (PARA.US)$, $Celanese Corp (CE.US)$ and $Restoration Hardware (RH.US)$.

Sold

- Trimmed existing position in $Activision Blizzard (ATVI.US)$, $Bank of New York Mellon (BK.US)$, $U.S. Bancorp (USB.US)$, $The Kroger (KR.US)$ and $General Motors (GM.US)$.
- Closed out the position in $STORE Capital Corp (STOR.US)$.

In the past quarter, Warren Buffett's stock purchases exceeded stock sales by $3.7 billion, including $2 billion invested in OXY stock. Berkshire Hathaway also repurchased $1.05 billion of its own shares, according to the data generated by Investor's Business Daily.

Amid Q3 volatility, Berkshire recorded a $10.5 billion loss on equity investments. Meanwhile, its cash hoard grew from $105.4 billion at the end of June to $109 billion at the end of September.

Ranked by % of Portfolio

Source: Whalewisdom, IBD, WSJ

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