Buffett has discussed in the past how he is less eager to buy tech stocks.
ຈາກຫນາກແອບເປີ AAPL remains its top stock holding and the number of shares did not change during the quarter. Berkshire owns 895 million shares that are valued at $132 billion and consist of 40% of the portfolio, while it also owns one billion shares of Bank of America that are worth $38 billion.
Berkshire divested 10.1 million shares of Bank of New York and now owns 62.2 million shares worth $2.7 billion.
The conglomerate also lowered its holding in U.S. Bancorp by 42 million shares to 77.8 million in the third quarter and lowered its stake to 52.5 million shares in October, which is now worth about $2.3 billion.
Berkshire increased its holding in Chevron by 3.9 million shares to a total of 165.3 million shares that are now worth $31 billion. The company also bought 35 million more shares in Occidental Petroleum to 194.3 million shares that now have a $14 billion valuation.
Berkshire raised its holding in Paramount (ສຳ ລັບ ຮັບລາຍງານຟຣີ by 12.8 million shares to a total of 91.2 million shares that are valued at $1.7 billion. The stock has sunk by 38% in 2022 and Berkshire now has a 14% stake in the media company.
Berkshire’s new investment was allocating $300 million into 5.8 million shares of Louisiana-Pacific (LPX ຮັບລາຍງານຟຣີ , a building materials manufacturer.
The company also made a smaller investment when it purchased 12.8 million shares of Jefferies Financial Group (JEF ຮັບລາຍງານຟຣີ , ເປັນ ທະນາຄານການລົງທືນ , that are valued at $475 million.
Berkshire cut its holding in Activision Blizzard (ATVI ຮັບລາຍງານຟຣີ by eight million shares and now owns 60.1 million, which is valued at $4.4 billion.
Shares of Activision are trading at $74, falling by 4.65% during the past six months and far below the $95 a share acquisition offer from Microsoft MSFT because of antitrust issues.