By Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright.
That’s according to Berkshire Hathaway’s
BRK.B,
+1.66%
most recent 13F filing with the Securities and Exchange Commission. The company held 45 stocks with a combined market value of $330.1 billion as of June 30. The conglomerate also had small positions in two exchange traded index funds — the SPDR S&P 500 ETF Trust
SPY,
+0.55%
and the Vanguard S&P 500 ETF
VOO,
+0.54%.
Here’s what Berkshire has been buying
Berkshire didn’t buy any new companies in the second quarter, but it added to these nine positions. They are sorted by the percentage increase in the number of shares held by Berkshire during the second quarter:
Company
Ticker
Increase in shares held
Value of Berkshire’s holdings – June 30, 2022 ($bil)
Value of Berkshire’s holdings – March 3, 2022 ($bil)
Share of ownership – June 30, 2022
Ally Financial Inc.
234.5%
$1,005
$390
9.29%
Occidental Petroleum Corp.
16.3%
$9,335
$7,738
20.10%
Celanese Corp.
16.2%
$1,077
$1,126
8.45%
Paramount Global Class B
13.7%
$1,935
$2,607
12.89%
Markel Corp.
11.3%
$605
$620
3.45%
McKesson Corp.
9.5%
$1,043
$895
2.23%
Activision Blizzard Inc.
6.4%
$5,326
$5,152
8.75%
Chevron Corp.
1.4%
$23,373
$25,919
8.22%
Apple Inc.
0.4%
$122,337
$155,564
5.57%
Sources: Berkshire’s 13F filing for June 30, 2022; FactSet
Note that 13F filings don’t indicate what prices companies pay for any shares. So the market values on the table, above, are simply snapshots as of those period end dates. They don’t reflect the performance of Berkshire’s portfolio during the second quarter.
Click on the tickers for more about each company. Then read Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.
Berkshire’s recent stock sales
Berkshire sold its full positions in Royalty Pharma PLC
RPRX,
+0.36%
and Verizon Communications Inc.
VZ,
+0.89%
during the second quarter, while reducing its holdings of these stocks:
Company
Ticker
Decline in shares held
Value of Berkshire’s holdings – June 30, 2022 ($bil)
Value of Berkshire’s holdings – March 3, 2022 ($bil)
Share of ownership – June 30, 2022
Store Capital Corp.
-53.0%
$181
$385
2.47%
General Motors Co.
-14.8%
$1,679
$1,971
3.63%
Kroger Co.
-9.6%
$2,482
$2,744
7.33%
U.S. Bancorp
-5.2%
$5,513
$5,818
8.06%
Sources: Berkshire’s 13F filing for June 30, 2022; FactSet
Berkshire Hathaway’s stock performance
Here’s a comparison of this year’s performance and average annual returns for Berkshire Hathaway’s Class B shares, the Dow Jones Industrial Average
DJIA,
+0.98%
and S&P 500
SPX,
+0.55%
for various periods.
Total return – 2022
Avg. return – 3 years
Avg. return – 5 years
Avg. return – 10 years
Avg. return – 15 years
Avg. return – 20 years
Berkshire Hathaway Inc. Class B
1.3%
15.2%
11.3%
13.6%
9.9%
9.4%
S&P 500
-9.0%
16.6%
13.8%
14.0%
9.9%
10.1%
DJ Industrial Average
-5.6%
12.1%
11.4%
12.5%
9.4%
9.6%
Source: FactSet
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