Sunday, November 20, 2022

10 Stocks Warren Buffett Just Bought and Sold

To close out this very frigid weekend, the latest from Warren Buffett.  Enjoy the week.  It'll be warmer.  


NOVEMBER 17, 2022
U.S. News & World Report

Invested

Advice, rankings and stock market news for investors.
Good morning, investors. Stocks finish lower, and Target shares slide after the retailer cuts its holiday outlook.

Highlights of today's newsletter include our market insights plus these new articles:

10 Stocks Warren Buffett Just Bought and Sold
7 Best Utility Stocks to Buy Now for Income
7 High-Yield ETFs for Income Investors
TODAY'S FEATURED STORY
Philanthropist Warren Buffett speaks at event.
What stocks has Warren Buffett bought and sold lately? Each quarter, all fund managers with at least $100 million in assets must publicly disclose their stock holdings to the U.S. Securities and Exchange Commission via form 13F, giving investors a peek behind the curtain of some of the world's largest and most successful hedge funds and asset managers.

One of the most anticipated quarterly filings comes from Buffett and his $684 billion company Berkshire Hathaway Inc. (ticker: BRK.ABRK.B). Here's a look at 10 of the biggest changes the Oracle of Omaha made to Berkshire's portfolio in the third quarter:

Bought: Taiwan Semiconductor Manufacturing Co. Ltd. (TSM). The biggest surprise of Berkshire's third-quarter 13F filing was semiconductor foundry Taiwan Semiconductor. Prior to Berkshire's filing on Nov. 14, Taiwan Semiconductor shares were down 39.5% year to date amid a weak global semiconductor market. Semi stock investor sentiment took a hit in October, when the U.S. Department of Commerce announced new restrictions on advanced chip sales to China. Buffett seems to see the geopolitical uncertainty as a buying opportunity. Berkshire took a brand new stake in TSM in the third quarter, accumulating more than 60 million shares worth about $4.1 billion. Taiwan Semiconductor is now one of Berkshire's 10 largest public stock holdings.

Bought: Occidental Petroleum Corp. (OXY). Occidental Petroleum is one of the largest U.S. oil and gas companies, and oil and gas stocks have been top market performers in 2022. Buffett has held a stake in Occidental since Berkshire helped bankroll Occidental's $38 billion acquisition of Anadarko Petroleum back in 2019. The latest 13F filing this week revealed Berkshire's stake in Occidental has grown to more than 194.4 million shares worth about $11.9 billion, making OXY stock Buffett's sixth-largest stock holding. Berkshire also holds 83.9 million warrants that can be redeemed for Occidental common stock at a price of $59.62 per share.

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10 stocks Warren Buffett just bought and sold:

  • Bought: Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
  • Bought: Occidental Petroleum Corp. (OXY)
  • Sold: U.S. Bancorp (USB)
  • Sold: Activision Blizzard Inc. (ATVI)
  • Bought: Chevron Corp. (CVX)
  • Sold: Bank of New York Mellon Corp. (BK)
  • Bought: Louisiana-Pacific Corp. (LPX)
  • Bought: Paramount Global (PARA)
  • Sold: Store Capital Corp. (STOR)
  • Bought: Jefferies Financial Group Inc. (JEF)

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