10 Stocks Warren Buffett Just Bought and Sold

Given the big news from Nvidia this week having knocked both Amazon and Google out of place, I thought this week's U.S. News Invested was particularly topical given that Warren Buffett also made the news for having made a substantial divestment in Apple, along with several other major holdings. So below is a discussion of the ten major stocks in which Buffett has just made a significant reallocation.  There's an education to be had here. Enjoy still another long weekend, at least for the markets.  

FEBRUARY 16, 2024 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Markets rebound after a weak retail sales report, and Shake Shack bucks the downtrend in fast food. Highlights of today's newsletter include our market insights plus these new articles: 10 Stocks Warren Buffett Just Bought and Sold 15 Best Dividend Stocks to Buy for 2024 7 of the Best REIT ETFs to Own in 2024 What Is a Registered Investment Advisor? The stock market will be closed and Invested will take a break on Monday in observance of Presidents' Day. Invested will publish again on Tuesday. TODAY'S FEATURED STOCK STORY 10 Stocks Warren Buffett Just Bought and Sold 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 rare peek behind the curtain at some of the world's largest and most successful hedge funds. One of the most anticipated quarterly filings comes from Buffett and his $870 billion holding company, Berkshire Hathaway Inc. (ticker: BRK.A, BRK.B). Here's a look at 10 changes the Oracle of Omaha made to Berkshire's portfolio in the fourth quarter: Bought: Chevron Corp. (CVX). Buffett first invested in U.S. oil major Chevron in the fourth quarter of 2020. Buffett sold Chevron shares in the first and second quarters of 2021, but a global energy crisis and Russia's invasion of Ukraine sent crude oil prices soaring to 13-year highs in 2022. In response, Buffett added to his Chevron investment in the first three quarters of 2022 but pivoted again and sold Chevron shares for several quarters. In the fourth quarter, Berkshire bought back about 15.8 million CVX shares, bringing Buffett's stake back up to 126 million shares worth about $18.8 billion. Sold: HP Inc. (HPQ). Buffett first invested in computer and printer company HP in the first quarter of 2022. At one point in 2023, Berkshire owned nearly 121 million HPQ shares, but the stock has severely underperformed the S&P 500. Berkshire trimmed its HP stake by 77% in the fourth quarter, selling more than 79 million shares. Berkshire's remaining stake of 22.8 million HPQ shares is worth about $687 million. If past portfolio decisions are prologue, a severe reduction in its positioning here likely implies Berkshire will completely sell out of the position in the next few quarters. Click here to continue reading.   STOCK Q4 CHANGE IN SHARES CHANGE Chevron Corp. (CVX) +15,845,037 +14.4% HP Inc. (HPQ) -79,666,320 -77.7% Apple Inc. (AAPL) -10,000,382 -1.1% Occidental Petroleum Corp. (OXY) +243,715,804 +8.7% D.R. Horton Inc. (DHI) -5,969,714 Sold all Paramount Global (PARA) -30,408,484 -32.4% Markel Group Inc. (MKL) -158,715 Sold all SiriusXM Holdings Inc. (SIRI) +30,559,834 +315.6% StoneCo Ltd. (STNE) -10,695,448 Sold all Globe Life Inc. (GL) -831,014 Sold all