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submitting of fairness holdings ought to present purchases of
within the second quarter, based mostly on earlier disclosures.
Berkshire Hathaway’s (ticker: BRK.A, BRK.B) quarterly 13F submitting, due late Monday, will element the corporate’s fairness holdings as of June 30. CEO Warren Buffett and his two funding lieutenants, Todd Combs and Ted Weschler, weren’t practically as lively within the second quarter as they have been within the first three months of the yr.
Primarily based on monetary knowledge in its just lately filed 10-Q for the second quarter, Berkshire was a purchaser of about $6 billion of shares, down from $51 billion within the first quarter. It was a web purchaser (purchases much less gross sales) of $4 billion within the second quarter, down from $41 billion within the first three months of the yr.
Berkshire was a big purchaser of Chevron (CVX) and Occidental Petroleum (OXY) within the first quarter and bought most of what had been an $8 billion stake in
The latest 10-Q indicated that Berkshire purchased about 4 million shares of Apple (AAPL) within the second quarter, bringing its holding to 915 million shares. The Apple stake is value $157 billion now, by far the biggest holding in Berkshire’s fairness portfolio, totaling $327 billion on June 30.
Berkshire additionally was a purchaser of practically 5 million shares of Chevron within the second quarter, in line with Barron’s estimates based mostly on the 10-Q, lifting its stake within the vitality firm to about 163.6 million shares now value $25 billion.
Berkshire purchased about 22 million shares of Occidental Petroleum for $1.2 billion within the second quarter based mostly on filings. And Berkshire seemingly purchased about 10 million shares of videogame maker Activision Blizzard (ATVI) within the second quarter, bringing its stake to about 74 million shares.
Buffett stated at Berkshire’s annual assembly on April 30 that the corporate held about 9.5% of Activision as an arbitrage play. Activision, now round $80, continues to commerce nicely under the $95-a-share value that
(MSFT) agreed to pay for the corporate earlier this yr. Buffett considered the unfold, a mirrored image of antitrust issues, as engaging.
Buffett stated he didn’t know what regulators will do. “One thing we do know is Microsoft has the money. So that takes that one risk out of it,” he stated. Microsoft is paying about $68 billion.
Berkshire disclosed earlier that it purchased 11 million shares of HP (HPQ), the printer and PC maker, in early April for about $400 million. Berkshire holds a roughly 11% stake in HP now value about $4 billion.
There’ll seemingly be different fairness purchases—and gross sales—disclosed within the submitting.
Write to Andrew Bary at [email protected]