Here's Which Stocks Warren Buffett's Berkshire (BRK) Bought in Q1

May 17, 2022 6:22 AM EDT

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Berkshire Hathaway (NYSE: BRK-A) has poured tens of billions of dollars into new investments following the market selloff, the latest regulatory filings showed.

Warren Buffett’s conglomerate purchased 901, 768 shares of Occidental Petroleum (NYSE: OXY) last week, propelling the energy company into the top 10 largest Berkshire holdings.

Berkshire also recently bought additional shares in Chevron Corp (NYSE: CVX), computer hardware company HP (NYSE: HPQ), and financial services companies Citigroup (NYSE: C) and Ally Financial (NYSE: ALLY). The conglomerate also revealed a 9.5% stake in Activision Blizzard (NASDAQ: ATVI) earlier this month and raised its stake in Apple (NASDAQ: AAPL), its biggest holding.

Buffett also invested $2.61 billion in Paramount Global (NASDAQ: PARA) and $1.13 billion in Celanese (NYSE: CE). Berkshire increases holdings in RH (NYSE: RH) and General Motors (NYSE: GM)

The Omaha, Nebraska-based holding company also exited its position in Wells Fargo (NYSE: WFC), which has been one of its top stock holdings for more than 30 years.

Berkshire ended 2021 with an almost record amount of accumulated cash pile, allowing the company to spend a vast amount of capital amid the latest market slump.

Investors have been keeping a close eye on Berkshire’s filings to see its recent bets as the Securities and Exchange Commission (SEC) requires institutional investors that manage over $100 million to file the form within 45 days of each quarter-end.

Warren Buffet, one of the most successful investors in the world and a loud proponent of value investing, has urged investors to “be greedy when others are fearful.” This strategy was much harder to deploy over the past two years as the devastating coronavirus has terrified investors.

After amassing a substantial amount of capital during that period, Buffet and Berkshire have been very active in the market following the drawdown.

“Cash is dry powder, and he has a lot of it,” said Rupal Bhansali, CIO for global equities at Ariel Investments, and a manager of Ariel’s global mutual fund, which owns shares of Berkshire.

Warren Buffett’s top 5 positions, as of March 31, were: Apple, Bank of America (NYSE: BAC), American Express (NYSE: AXP), Chevron, and Coca-Cola (NYSE: KO).

By Senad Karaahmetovic

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