What stock did Warren Buffett just buy?

Purchased: Markel and Alleghany This year, Buffett purchased 420,000 shares of Markel, an underwriter of specialty insurance policies. The purchase was worth about $620 million. In the first quarter of 2022, Berkshire also purchased Alleghany for around $12 billion.

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Warren Buffett — widely known as “the Oracle of Omaha” because of his stock-picking prowess — is a household name, especially among investors and those who follow business trends and are looking to grow wealth and make extra money. Many people base their portfolios around what the 91-year-old Nebraska native buys and sells, and it's big news whenever he makes a major transaction.

Here is a rundown of some of Berkshire’s 2022 transactions.

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1. Purchased: Taiwan Semiconductor

Buffett-led Berkshire somewhat surprisingly bought roughly 60 million shares of Taiwan Semiconductor (TSM) for the first time during the third-quarter bear market. With a value of $4.1 billion as of the end of the third quarter, TSM is now Berkshire Hathaway's 10th largest holding.

2. Purchased: Chevron

Berkshire Hathaway has increased its stake in energy company Chevron this year. By the end of March, Berkshire owned $25.9 billion in total stock, up from $4.5 billion at the end of 2021. As oil prices dramatically rose after Russia invaded Ukraine, Chevron’s stock gained more than 30%. This, along with supply-chain issues, likely made Chevron a good bet for Buffett and his team. This purchase makes Chevron one of the top five holdings in Berkshire’s portfolio, joining Apple, Bank of America, American Express, and Coca-Cola.

3. Purchased: Occidental Petroleum

Berkshire also bought more than $7 billion of Occidental Petroleum common shares. Berkshire already owned $10 billion in preferred stock of the company. It seems Buffett is making a bet on energy and oil stocks, especially as oil prices continue to rise.

Occidental’s shares have soared in 2022, eventually topping 120% in gains.

4. Purchased: Citigroup

Berkshire Hathaway bought $3 billion worth of shares in Citigroup during the first quarter of 2022, bringing Berkshire’s stake in the bank to 2.8%.

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Citigroup stock has been down this year and the company has lagged behind other big U.S. banks in terms of profitability for some time.

5. Purchased: Markel and Alleghany

Buffett is said to love the insurance industry and considers the purchase of insurance company National Indemnity 55 years ago to be one of Berkshire Hathaway's early successes.

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This year, Buffett purchased 420,000 shares of Markel, an underwriter of specialty insurance policies. The purchase was worth about $620 million. In the first quarter of 2022, Berkshire also purchased Alleghany for around $12 billion. This company has a diverse resume. Not only does Alleghany own other insurance companies, but it also owns a toy producer, a funeral products maker, and a hotel developer. 3 credit cards that will let you hit pause on interest until nearly 2024

6. Purchased: McKesson

Berkshire Hathaway recently has sold stakes in several health care companies. But it appears Buffett is still making a bet on the medical industry, just not the way he once did. In the first quarter of this year, Buffett bought upward of 2.9 million shares of McKesson, one of the largest distributors of pharmaceuticals and medical-surgical supplies. Buffett’s investment is worth about $895 million.

7. Purchased: Celanese

Anyone considering investing in stocks should be sure to add some diversification to their portfolio. If one sector of the market dips, all of your money won’t go with it. Buffett provided an excellent example of diversification when Berkshire purchased 7.3% of Celanese Corp, an industrial chemical producer. According to U.S. News, Celanese is Buffett’s only stock holding in the materials sector. He purchased a stake of 7.9 million shares, worth about $1.1 billion.

8. Purchased: Paramount Global

Berkshire Hathaway bought 68.9 million shares of Paramount Global, causing the value of the entertainment company to jump after the news was released. Paramount is now the 18th largest holding in Berkshire’s portfolio, worth $2.6 billion.

Paramount is a rebranding of media company ViacomCBS.

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9. Purchased: Ally Financial

Along with the purchase of Citigroup, Berkshire Hathaway also invested in Ally Financial, a holding company specializing in mortgages and auto financing.

The investment is worth $390 million, or 8.9 million shares.

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10. Sold: Store Capital

Berkshire Hathaway sold off its entire position in real estate investment trust Store Capital (STOR) in the third quarter, a total of 6.9 million shares.

11. Sold: Verizon Communications

Berkshire Hathaway first bought Verizon in late 2020. At one point, the company made up 3.2% of Berkshire’s total equity portfolio value. It seemed like Verizon was a good fit for Buffett’s investing style of holding on to blue-chip companies for an extended period, especially given the prospects of 5G networks and other growth opportunities in the communications sector. However, news broke recently that Berkshire sold 99% of its shares in the first quarter of the year, possibly due to Verizon’s increasing costs and competitors like T-Mobile gaining more ground in the field.

12. Sold: Wells Fargo

Buffett endorses the long game, holding companies for years or even decades before selling. Berkshire recently sold its stock in Wells Fargo, ending a 33-year relationship. At one point, Berkshire Hathaway was the largest shareholder in Wells Fargo. Berkshire began selling shares of Wells Fargo in 2017, after the company was embroiled in a controversy regarding fake accounts. After selling about 51.7 million shares, Berkshire Hathaway’s holdings amounted to around $26.4 million at the end of March.

Bottom line

Selling some old holdings and purchasing various new companies seems to be working well for Buffett and Berkshire Hathway. Many people wondered why the Oracle of Omaha was sitting on the sidelines during the pandemic and subsequent economic recovery. It seems he was just waiting for the right opportunities to come along. Investors eagerly wait to see what Buffett does next. If all of this buying and selling excites your inner stockbroker, check out the best brokerage accounts to help you grow your money. Who knows, you might just be the next Warren Buffett.

What stock did Warren Buffett just buy?

What does 333 mean in spirituality?

What mountain did Jesus come down from?

Awaken your dormant DNA ability to attract wealth effortlessly

Here is a rundown of some of Berkshire’s 2022 transactions.

7 Ways to Stretch Every Retirement Dollar

1. Purchased: Taiwan Semiconductor

2. Purchased: Chevron

3. Purchased: Occidental Petroleum

Occidental’s shares have soared in 2022, eventually topping 120% in gains.

4. Purchased: Citigroup

Story continues

5. Purchased: Markel and Alleghany

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What are negative affirmations?

Awaken your dormant DNA ability to attract wealth effortlessly

6. Purchased: McKesson

7. Purchased: Celanese

8. Purchased: Paramount Global

Paramount is a rebranding of media company ViacomCBS.

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9. Purchased: Ally Financial

The investment is worth $390 million, or 8.9 million shares.

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What are the 5 pillars of money?

Awaken your dormant DNA ability to attract wealth effortlessly

10. Sold: Store Capital

11. Sold: Verizon Communications

12. Sold: Wells Fargo

Bottom line

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