Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright.

That’s according to Berkshire Hathaway’s
BRK.B,
+1.22%
most recent 13F filing with the Securities and Exchange Commission. The company held 45 stocks with a combined market value of $330.1 billion as of June 30. The conglomerate also had small positions in two exchange traded index funds — the SPDR S&P 500 ETF Trust
SPY,
+0.19%
and the Vanguard S&P 500 ETF
VOO,
+0.18%.

Here’s what Berkshire has been buying

Berkshire didn’t buy any new companies in the second quarter, but it added to these nine positions. They are sorted by the percentage increase in the number of shares held by Berkshire during the second quarter:

Company

Ticker

Increase in shares held

Value of Berkshire’s holdings – June 30, 2022 ($bil)

Value of Berkshire’s holdings – March 3, 2022 ($bil)

Share of ownership – June 30, 2022

Ally Financial Inc.

ALLY,
+3.60%
234.5%

$1,005

$390

9.29%

Occidental Petroleum Corp.

OXY,
-0.89%
16.3%

$9,335

$7,738

20.10%

Celanese Corp.

CE,
+1.36%
16.2%

$1,077

$1,126

8.45%

Paramount Global Class B

PARA,
+2.37%
13.7%

$1,935

$2,607

12.89%

Markel Corp.

MKL,
+2.78%
11.3%

$605

$620

3.45%

McKesson Corp.

MCK,
+0.83%
9.5%

$1,043

$895

2.23%

Activision Blizzard Inc.

ATVI,
0.00
6.4%

$5,326

$5,152

8.75%

Chevron Corp.

CVX,
-0.13%
1.4%

$23,373

$25,919

8.22%

Apple Inc.

AAPL,
-0.16%
0.4%

$122,337

$155,564

5.57%

Sources: Berkshire’s 13F filing for June 30, 2022; FactSet

Note that 13F filings don’t indicate what prices companies pay for any shares. So the market values on the table, above, are simply snapshots as of those period end dates. They don’t reflect the performance of Berkshire’s portfolio during the second quarter.

Click on the tickers for more about each company. Then read Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

Berkshire’s recent stock sales

Berkshire sold its full positions in Royalty Pharma PLC
RPRX,
+0.73%
and Verizon Communications Inc.
VZ,
+0.49%
during the second quarter, while reducing its holdings of these stocks:

Company

Ticker

Decline in shares held

Value of Berkshire’s holdings – June 30, 2022 ($bil)

Value of Berkshire’s holdings – March 3, 2022 ($bil)

Share of ownership – June 30, 2022

Store Capital Corp.

STOR,
+0.05%
-53.0%

$181

$385

2.47%

General Motors Co.

GM,
-0.89%
-14.8%

$1,679

$1,971

3.63%

Kroger Co.

KR,
+3.26%
-9.6%

$2,482

$2,744

7.33%

U.S. Bancorp

USB,
+0.43%
-5.2%

$5,513

$5,818

8.06%

Sources: Berkshire’s 13F filing for June 30, 2022; FactSet

Berkshire Hathaway’s stock performance

Here’s a comparison of this year’s performance and average annual returns for Berkshire Hathaway’s Class B shares, the Dow Jones Industrial Average
DJIA,
+0.71%
and S&P 500
SPX,
+0.19%
for various periods.

Total return – 2022

Avg. return – 3 years

Avg. return – 5 years

Avg. return – 10 years

Avg. return – 15 years

Avg. return – 20 years

Berkshire Hathaway Inc. Class B

1.3%

15.2%

11.3%

13.6%

9.9%

9.4%

S&P 500

-9.0%

16.6%

13.8%

14.0%

9.9%

10.1%

DJ Industrial Average

-5.6%

12.1%

11.4%

12.5%

9.4%

9.6%

Source: FactSet

Hear from Ray Dalio at MarketWatch’s Best New Ideas in Money Festival on Sept. 21 and 22 in New York. The hedge-fund pioneer has strong views on where the economy is headed.

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