Here are all the stocks Warren Buffett bought or sold in the first quarter | The Motley Fool

Berkshire Hathaway (BRK.A -0.16%)(BRK.B -0.34%) has dozens of subsidiaries, but the subject of many headlines surrounding the company is the massive stock portfolio it owns, and for good reason. With a market value of $364 billion and most of its positions handpicked by Warren Buffett himself, Berkshire’s stock portfolio is very closely watched by investors who want to see what the Oracle is up to. ‘Omaha.

We learned at Berkshire’s recent annual meeting that Buffett and his team were pretty active in the market during the first quarter, but we just got a glimpse of what he bought and sold. To put it mildly, this was Berkshire’s busiest neighborhood for a long time. Buffett and his investment managers created eight new positions, added stocks to seven of his existing stock positions, and sold some or all of five.

Without further ado, here’s a rundown of all the stocks Berkshire Hathaway has bought or sold since we last got a snapshot of its stock portfolio.

Image source: Getty Images.

New equity positions in Berkshire Hathaway’s portfolio

Company (Symbol)

Shares purchased

Market value

% The possession

western oil (OXY 5.68%)

226 119 467

$13.2 billion

24.2%

HP (HPQ 1.98%)

120 952 818

$4.22 billion

11.5%

Citigroup (VS -0.38%)

55,155,797

$2.95 billion

2.8%

World Paramount (PARA -1.16%)

68,947,760

$2.61 billion

11.3%

Celanese (THIS 1.52%)

7,880,998

$1.13 billion

7.3%

McKesson (MCK 1.11%)

2,921,975

$895 million

2%

marcel (MKL -0.03%)

420 293

$620 million

3.1%

Allied Financial (ALLY -2.15%)

8,969,420

$390 million

2.7%

Data source: Berkshire Hathaway SEC Filings.

We already knew a few of them, in particular Occidental and HP, the two biggest ones. But some of the others are a surprise.

For starters, we know that Buffett is a fan of the financial sector, but Citigroup is a surprising choice. In fact, it’s the only one of the major American banks that Buffett doesn’t owned at some point in the last few years. Ally Financial isn’t as surprising, as Berkshire likes efficient, high-margin businesses like this and previously owned Synchrony Financial (SYF -1.16%)which is quite similar.

Media conglomerate Paramount Global was a bit of a surprise. The media conglomerate owns Paramount film and television studios, CBS Entertainment, several well-known media networks, and more. Materials company Celanese is more of a traditional “Buffett stock,” and pharmaceutical and medical supplies company McKesson is the latest in a series of Buffett healthcare bets.

Last but not least, Markel is a particularly notable addition. On the one hand, Markel is often referred to as the “Baby Berkshire” himself, as he uses a similar business model of insurance transactions funding an investment portfolio. And interestingly, Markel also released his latest portfolio holdings – and his largest position by far is Berkshire Hathaway.

Berkshire Hathaway stocks added to

Company (Symbol)

Shares purchased

Market value of new shares

% The possession

Apple (AAPL -1.07%)

3,787,856

$557 million

5.5%

Chevron (CLC 3.06%)

120 933 082

$20.3 billion

8.2%

ActivisionBlizzard (ATVI 0.33%)

49,657,101

$3.86 billion

8.2%

General Engines (GM -2.90%)

2,045,847

$78.2 million

4.3%

HR (HR -3.39%)

353 453

$102 million

10.1%

Freedom Media (NASDAQ: FWONK)

7,722,451

$471 million

3.8%

Floor and decoration backgrounds (FND -2.34%)

4,780,000

$281 million

4.5%

Data source: Berkshire Hathaway SEC Filings.

Certainly, we already knew the two most notable additions. We knew from Buffett’s comment at Berkshire’s annual meeting that Chevron had become one of the largest stock positions in the company and that Buffett had decided to make a arbitration game on Activision Blizzard pending acquisition by Microsoft (MSFT 0.15%).

Berkshire Hathaway shares sold in the first quarter

Company (Symbol)

Shares sold

Market value

Aftermarket Ownership Percentage

Kroger (KR -0.36%)

3,427,647

$183 million

7.9%

Store capital (STOR -0.11%)

9,660,357

$265 million

5.4%

Verizon (VZ 1.78%)

157 444 464

$7.6 billion

0.03%

Pharmaceutical royalty (RPRX 0.80%)

7,151,896

$286 million

0.3%

Wells Fargo (WFC -1.01%)

675,054

$28.8 million

0%

Data source: Berkshire Hathaway SEC Filings.

The biggest sell of the quarter was Verizon, but that wasn’t exactly a surprise. The company’s recent quarterly report indicated that Berkshire may have offloaded the telecommunications giant. And it’s also worth noting that for the first time since 1989, Berkshire no longer owns any Wells Fargo shares.

A lot could have happened since March

An important point to keep in mind is that aside from the number of shares for Activision Blizzard, HP, and Occidental, all of these are as of the end of the first quarter on March 31.

Two things to remember. First, most of the recent market drop has occurred after the end of the first trimester. And second, at the end of the first quarter, Berkshire still had $106 billion in cash, far more than the $30 billion that Buffett likes to keep on hand. So it’s entirely possible that Buffett and his team have invested more money in the past month and a half or so. We will just have to stay tuned.


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