The much-anticipated August 14 revealed quarterly Securities and Exchange Commission (SEC) 13F filings from notable companies and investors, including Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A).
In his latest filing, Buffett revealed his stock holdings as of June 30, which amounted to 41 stocks worth around $279,969,065,000, also showing that Q2 for “Oracle of Omaha” was quite eventful, as he conducted several purchases and sales of his existing holdings while adding some completely new ones.
Buffett’s stock purchases in Q2
The most notable additions to Buffett’s portfolio during the second quarter were in the media sector, where he added 96,196,301 Sirius XM (NASDAQ: SIRI) shares, thus increasing his position over two times by 262.24%.
His other media subsidiaries, Liberty Sirius (NASDAQ: LSXMA, LSXMK), saw a 2,426,595 and 4,516,609 shares increase in the previous quarter, which grew their positions by 7.41% and 6.90%, respectively.
The difference between these two stocks is that one holds voting rights (LSXMA) on the shareholder board, while the other doesn’t (LSXMK).
Other two notable holdings increases are in insurance company Chubb Limited (NYSE: CB) by 1,109,944 (4.28% portfolio increase) and oil producer Occidental Petroleum (NYSE: OXY) by 7,263,396 shares (2.93%)
Buffett decreased his positions in these stocks
While one media group received confidence, others seemingly lost it, as Berkshire CEO trimmed his stake in Liberty Media (NASDAQ: LLYVA, LLYVK), with 65,330 and 214,929 sold for a 1.29% and 1.93% negative change in each holding.
Another oil magnate in the portfolio, Chevron (NYSE: CVX), saw its portfolio position decrease by 4,369,673 or 3.55%.
Building materials company Louisiana-Pacific (NYSE: LPX) saw Buffett offload 633,154 of its shares, reducing its position by 9.60%
The position of T-Mobile US (NASDAQ: TMUS) was cut by 570,000 shares for a 10.87% negative change.
Floor & Decor Holdings (NYSE: FND) received a negative change of 16.78% after selling 802,130 shares.
Capital One Financial (NYSE: COF) had its position resized by a negative 21.27% after offloading 2,651,978 shares.
The most notable reduction, by its size and attention it garnered, was the 49.33% stake reduction in Apple (NASDAQ: AAPL) after a sale of 389,368,450 shares.
The Sage of Omaha completely exited his positions in Snowflake (NYSE: SNOW) and Paramount Global (NASDAQ: PARA).
Completely new stock additions to Buffett’s portfolio
Cosmetics company Ulta Beauty (NASDAQ: ULTA) was one of two new additions to Buffett’s portfolio, as he bought 690,106 shares during Q2.
The stock immediately reacted positively to the news, adding 16.04% to its value in the pre-market trading.
The second addition is Heico Corp (NYSE: HEI), an American aerospace and engineering company, which saw a purchase of 1,044,242 shares by Buffett.
HEI shares also added 3.85% to their value in the pre-market.
It seems that Berkshire Hathaway’s CEO has used only a tiny portion of his $200 billion cash pile. He reinforced some of the previous positions and opened small stakes in ULTA and HEI stocks, potentially using the recent stock market dip to buy new shares—information that will only be revealed in his Q3 holdings report.
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Source: https://finbold.com/heres-warren-buffetts-updated-stock-portfolio/