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What does Warren Buffett invest in? The unclear choice of a billionaire

W co inwestuje Warren Buffett? Nieoczywisty wybór miliardera
What does Warren Buffett invest in?  The unclear choice of a billionaire
Photo: Rick Wilking/ / Reuters

Warren Buffett has added more than $4 billion in Taiwan Semiconductor Manufacturing (TSMC) stock to Berkshire Hathawa’s portfolio. In addition, it continues to increase its involvement in the energy sector, and Chevron already considers its investments more important than the Coca-Cola package.

According to US regulations, the largest investment fund managers are required to submit portfolio changes made during each quarter after each quarter.

According to a November 14 report, Berkshire Hathaway, run by Warren Buffett, acquired $9 billion in shares in the third quarter, and the bulk of that amount, $4.1 billion, was for an ADR (American Depositary Receipt)-listed Taiwanese chip maker. . on the New York Stock Exchange. Thus, Buffett does not look at market expectations that have not been favorable to the semiconductor industry in the short term.

The information that emerged after the session boosted TSMC prices, which in Tuesday’s pre-session trading were up 11 percent. It’s also one of only three new investments Buffett made in the most recent quarter. In addition to TSMC, the portfolio includes 5.8 million shares of Louisiana Pacific (a building materials producer) valued at $297 million for the first time. And 433 thousand. Shares of Jefferies Financial Group (investment bank) for $13 million.

In addition, Berkshire Hathaway has increased its exposure to the energy sector by continuing to buy shares in Occidental Petroleum and Chevron. The share of the first increased by 22 percent, while the position in Chevron increased by 2 percent. compared to the previous report. Berkshire had $24.2 billion worth of Chevron stock at the end of September, making it the third largest in the portfolio. The stake in Occidental was valued at $11.9 billion. Buffett has also bought shares in Celanese, Paramount Global, and Restoration Hardware (now RH).

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The largest items in Buffett’s portfolio at the end of September 2022
a company

block value of shares

Billions of dollars

apple 126.50
American bank 31.20
chevron 24.40
coca cola 22.40
American Express 20.50
Occidental 11.90
Kraft Heinz 10.90
Moody’s 6.00
Activision Blizzard 4.50
Taiwan Semiconductor Industry Corporation 4.10
Source: 13f report

In the first nine months of 2022, Buffett spent $66 billion on stocks, which is more than 13 times more than in the same period in 2021. It is worth noting that stock markets in the United States, as in all parts of the world, have suffered double digits. . dips, and its entry is in a downtrend, which means that the investor was buying while others were selling.

The Wall Street Journal quoted David Kass, a professor of finance at the University of Maryland, as saying: “He is a classic Buffett. “It is greedy when others are fearful, and fear when others are greedy.”

But he also sold Buffet, because the report showed that in the third quarter, the investor dumped the stock for $5.3 billion. Notably, he closed out his position in Real Estate Investment Trust Store Capital by selling the remaining 6.9 million shares. He has cut stakes in Kroger, General Motors, Activision Blizzard, Bank of New York Mellon and US Bancorp.

Amid volatility in the third quarter, Berkshire reported a $10.5 billion investment loss. Meanwhile, its cash holdings increased from $105.4 billion at the end of June to $109 billion. At the end of September. However, analysts expect cash to drop in the current quarter due to the $11.6 billion acquisition. Rich Insurance Competitor.

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By law, mutual fund managers with more than $100 million in assets are required to file Form 13f with the US Securities and Exchange Commission (SEC), which discloses the stocks they own. They must do so within 45 days of the last day of the quarter. Most funds wait until the end of this period to hide their investment strategy

Buffett, 92, has led Berkshire since 1965. The company, which is headquartered in Omaha, Nebraska, owns dozens of companies in various industries, such as railroads, insurance, banking, energy and industrial. He built a reputation as a buy-and-hold investor for years and even decades. For example, Berkshire has owned shares of Apple since the first quarter of 2016 and shares of Coca-Cola since the first quarter of 2001.

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