For those of you who revere Warren Buffett as "The Oracle of Omaha," (or if you simply recognize him as an investing genius), I submit this week's issue of U.S. News Invested which summarizes his most recent activities on both sides of the ledger. Hope everyone enjoyed their weekend.
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Good morning, investors. Stocks dropped yesterday, and the crypto market is in the midst of a downswing. TODAY'S FEATURED STOCK STORY What stocks is Warren Buffett buying and selling? Each quarter, all fund managers with at least $100 million in assets under management must publicly disclose their stock holdings to the U.S. Securities and Exchange Commission via Form 13F, giving investors a rare look behind the curtain at some of the largest and most successful hedge funds in the world. The quarterly 13F filing from Wall Street icon Warren Buffett and Berkshire Hathaway Inc. (ticker: BRK.A, BRK.B) is one of the most highly anticipated disclosures. Here are 10 of the biggest changes that the Oracle of Omaha made to Berkshire's portfolio in the third quarter: 1. Sold: Charter Communications Inc. (CHTR). In the third quarter, Buffett cut his stake in U.S. cable TV operator Charter Communications by more than 1 million shares, reducing his total stake size by 19%. Buffett first invested in Charter Communications in the second quarter of 2014. The stock has struggled in the past three months, dropping more than 10%. However, Buffet still holds more than 4.2 million shares of Charter, worth more than $3 billion. Overall, Charter has been an excellent investment for Buffett. The stock has more than doubled the return of the S&P 500 since mid-2014. 2. Sold: Merck & Co. Inc. (MRK). Drugmaker Merck was seemingly one way Buffett attempted to invest in the health care industry response to the pandemic in 2020. Buffett began buying shares of Merck in the third quarter of 2020, but he reversed course and began selling in the first quarter of 2021. Over the next three quarters, Buffett exited his Merck position entirely. Merk's stock price is up about 8% in the past year, and Berkshire sold its remaining 9.16 million shares in the third quarter. Buffett must not have high hopes for Merck's new COVID-19 pill, which was recently approved by U.K. regulators. Click here to continue reading.
Warren Buffett just bought and sold these stocks: - Sold: Charter Communications Inc. (CHTR)
- Sold: Merck & Co. Inc. (MRK)
- Sold: AbbVie Inc. (ABBV)
- Bought: Chevron Corp. (CVX)
- Bought: Royalty Pharma PLC (RPRX)
- Sold: Bristol-Myers Squibb Co. (BMY)
- Sold: Marsh & McLennan Cos. Inc. (MMC)
- Sold: U.S. Bancorp (USB)
- Bought: Floor & Decor Holdings Inc. (FND)
- Bought: Liberty Sirius XM Group (LSXMA)
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