Warren Buffett’s Berkshire Hathaway has bought stakes in three new companies – Taiwan Semiconductor Manufacturing, Louisiana-Pacific Corp, and Jefferies Financial Group.
Buffett is the world’s best-known and most respected value investor, with millions of followers worldwide.
He showed his mettle again during the current market downturn, with Berkshire Hathaway growing 2.7% year-to-date. It bypassed Tesla, Nvidia, and Meta in size.
His investments are closely followed and can cause big swings in the share price after they become public.
Berkshire Hathaway’s latest SEC filing revealed that the company bought $9 billion worth of stocks between July and September.
It also revealed his new investments, which made these stocks’ share prices soar.
Taiwan Semiconductor Manufacturing (TSMC) share price increased by 8% after the news of Buffett’s investment became public.
Louisiana-Pacific Corp rallied more than 10%, and Jefferies Financial Group climbed 4%, with investors copying Buffett.
Berkshire Hathaway’s three new investments are listed below.
- Taiwan Semiconductor Manufacturing (TSMC) – A Taiwanese multinational semiconductor contract manufacturing and design company.
- Louisiana-Pacific Corp – An American building materials manufacturer based in Nashville, Tennessee.
- Jefferies Financial Group – An American multinational independent investment bank and financial services company that is headquartered in New York.
Berkshire Hathaway also increased its stake in a few companies – Chevron, Occidental Petroleum, Celanese, Paramount Global, and RH.
Paramount Global rose by 4% due to a 16% increase in Berkshire’s stake in the company, but there were no big moves in the other companies.
Berkshire Hathaway trimmed its stake in Activision Blizzard, Bank of New York Mellon, Kroger and General Motors.
On 10 November, it disclosed significantly cutting back its long-standing holding in US Bancorp, and the share price has declined 2% since then.