Portfolio Watch: Moves from Warren Buffett, the Michael Jordan of investing – The Average Joe
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    Portfolio Watch: Moves from Warren Buffett, the Michael Jordan of investing

    victorlei

    August 16, 2022

    Warren Buffett — the CEO of Berkshire Hathaway (NYSE:BRK), the oracle of Omaha and the Michael Jordan of investing — is one of the all-time investing greats. Here are some of his moves in the second quarter:

    Added slightly to Apple (NASDAQ:AAPL) — which now makes up ~40% of Berkshire’s $300B portfolio.

    • Interesting move, considering many other big-name funds have reduced their tech holdings in the past quarter.

    Tripled his position in Ally Financial (NYSE:ALLY) — a financial services provider (i.e., loans, trading, banking, etc.). Buffett has a soft spot for U.S. financial services firms — known for his positions in Bank of America and American Express.

    • Buffett first added Ally to Berkshire’s portfolio in the first quarter — quickly ramping up and now owning 9.7% of the total company.
    • Interesting to note that Ally is down nearly 30% from its peak in 2022 with a 3.25% dividend ratio and a ~5x price-to-earnings ratio.

    Added slightly to oil giant Chevron (NYSE:CVX) — increasing his stake by 2.3M shares to 161M total. Buffett quadrupled his stake in Chevron in the first quarter, so his latest move is relatively small.

    • Oil prices have risen significantly in the first quarter but have lost momentum recently. With oil demand falling, it’ll be interesting to see what Buffett does next quarter.

    Here’s what he sold: Kroger (NYSE:KR), Verizon Communications (NYSE:VZ), US Bancorp (NYSE:USB), General Motors (NYSE:GM) and Royalty Pharma (NASDAQ:RPRX).

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