Warren Buffett sold 8 stocks – and bought 3
In the last quarter of 2022, Warren Buffett’s Berkshire Hathaway sold a partial stake in eight of the companies in its portfolio and increased its stake in three shares.
Berkshire Hathaway decreased its exposure to Chevron, Activision Blizzard, Kroger, Bank of New York Mellon, McKesson, Ally Financial, Taiwan Semiconductor and U.S. Bancorp.
The company increased its exposure in Apple, entertainment conglomerate Paramount Global, and building materials manufacturer Louisiana-Pacific Corp.
Buffett is currently the fifth richest person in the world, with a net worth of $108 billion, according to Forbes.
He is a value investor who chooses long-term investments in companies that he believes have solid fundamentals.
In 1965, Buffett took control of Berkshire Hathaway, a textile company which he turned into an investment vehicle and the sixth-largest company by market cap in the world.
Buffett is still the CEO and chairman of Berkshire Hathaway, with his long-term partner Charlie Munger as the vice chairman.
Buffett’s latest SEC filing for Berkshire Hathaway showed that he reduced his holding in eight companies and increased his holding in three. Berkshire Hathaway owns 49 stocks.
To put the size of Berkshire Hathaway’s portfolio into perspective, it invested around $43 million in the last quarter of 2022 to increase its holding of Apple stock by 0.04%. This is according to information obtained from Dataroma.
The shares Berkshire Hathaway bought more of in Q4 2022 are listed below:
- Apple (increased by 0.04%) – An American multinational technology company headquartered in Cupertino, California, United States.
- Paramount Global (increased by 2.65%) – An American multinational mass media and entertainment conglomerate owned and operated by National Amusements and headquartered at One Astor Plaza in Midtown Manhattan.
- Louisiana-Pacific Corp. (increased by 21.55%) – An American building materials manufacturer.
The shares Berkshire Hathaway sold include large stakes in a semiconductor company and two banks.
- Chevron Corp (reduced by 1.44%) – Buffett reduced his share in his third-largest holding, oil and gas giant Chevron.
- Activision Blizzard (reduced by 12.35%) – An American gaming holding company that owns franchises such as Call of Duty and Candy Crush.
- Kroger (reduced by 0.53%) – A retail company that owns supermarkets in the United States.
- Bank of New York Mellon (reduced by 59.70%) – An American investment banking services holding company.
- McKesson (reduced by 10.72%) – An American pharmaceutical company that distributes a third of all the pharmaceuticals used in North America.
- Ally Financial (reduced by 0.67%) – Provides banking, investing, home loans and auto finance services.
- Taiwan Semiconductor (reduced by 86.19%) – The largest semiconductor company by revenue in the world. Semiconductors are vital for constructing electronic devices.
- U.S. Bancorp (reduced by 91.42%) – A banking services holding company in the United States.
Berkshire Hathaway reported a portfolio value of $299 billion in the fourth quarter of 2022, down $32 billion from the year before.
Berkshire Hathaway’s latest holdings
| Company | Value | Percentage of portfolio |
| Apple | $116,305,042,000 | 38.90% |
| Bank of America | $33,454,531,000 | 11.19% |
| Chevron | $29,252,523,000 | 9.78% |
| Coca Cola | $29,252,523,000 | 8.51% |
| American Express | $22,400,481,000 | 7.49% |
| Kraft Heinz | $13,256,593,000 | 4.43% |
| Occidental Petroleum | $12,242,210,000 | 4.09% |
| Moody’s | $6,873,494,000 | 2.30% |
| Activision Blizzard | $4,035,493,000 | 1.35% |
| HP | $2,807,271,000 | 0.94% |
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