Berkshire Hathaway of Warren Buffett increased its holdings inDark and inmisfortune and reduced Bo’s holdingsVerizon in the last quarter.
Buffett’s corporation bought 3.9 million shares of Apple, which puts his holdings at 5.6%. Apple is Berkshire Hathaway’s largest holding – according to estimates, the company invested about $122 billion in Apple out of investments totaling $300 billion.
Buffett’s company also purchased 2.3 million shares of Chevron – 8.3% of the company. It more than quadrupled its holdings in the oil and gas company in the first quarter of this year. The value of Berkshire’s investment increased significantly following the crisis in Ukraine.
Berkshire Hathaway also increased its holdings in Blizzard and Paramount. On the other hand, the company lowered its holdings in General Motors by 15% and sold all its holdings in Verizon, whose value six months ago was about eight billion dollars.
According to Berkshire Hathaway’s reports for the second quarter of this year, the company spent 3.8 billion dollars in this quarter on the purchase of shares. Although this is a significant decrease compared to the first quarter of the year when the company invested 41 billion dollars in the purchase of shares, it speaks of an optimistic sign, because in the last two years the company has been a central seller of a share. During the pandemic, rising stock prices were less attractive to the company.