Berkshire Hathaway bought a Netflix rival in Q1, selling the drug stock.

Warren Buffett Berkshire Hathaway (BRKB) bought Paramount Global (PARA) For the first time, stocks of two drugs were completely depleted in the first quarter during the volatile stock market.


What Warren Buffett bought, sold in Q1

Buffett raised about 69 million shares of Berkshire Paramount Global’s more than 6 2.6 billion worth of shares, according to the latest 13F filed late Monday, tracked by The small but growing Paramount + streaming service rivals Netflix and Disney +. Paramount stocks rose 15.3% to 32.32 on Tuesday.

In Q1, Berkshire also opened শেয়ার 3 billion worth of shares City Group (C) and valued at $ 390 million Allied financial (ALLY) When leaving a small residual position Well fargo (WFC). Citigroup stocks and Ally Financial stocks jumped 7.6% and 6.2%, respectively, on Tuesday.

The team has taken a new position as a manufacturer of Ketruda cancer drugs Mark (MCK) reduction time Royalty Pharma (RPRX). Dump too Bristol Myers Squibb (BMY) and AbbVie (ABBV) after a steady decline in the stock of that drug. In addition, bought it Selaniz (C) and Merkel (MKL) for the first time.

Merck is in a buy range after clearing an 89.58 entry Cup-with-handle base.

Berkshire Hathaway has become an active buyer of the stock during the last quarter of turmoil, especially in the last six weeks of the quarter, after a long period of silent purchases.

This further enhances a partnership Chevron (CVX), added about 121 million shares. It has also increased Occidental Petroleum (OXY) Oil prices close to a record high with about 6 million shares.

The group added 3.8 million shares of Top Holdings Apples (AAPL) Tech stocks closed at Q1 sales, taking Apple’s total to 890.9 million. It has accumulated over 50 million shares Activation Blizzard (ATVI) as well.

In addition, Buffett added Liberty Media (FWONK), Floor and decor (FND), Ordinary motor (GM) and RH (RH) in Q1. This is a bet Verizon (VZ) by 99% and decreased Store Capital (STOR) and Kroger (KR) in the last quarter.

The 13F filing is a necessary disclosure for institutional investors managing more than $ 100 million in assets. Some investors use 13F filings to evaluate how “smart money” is betting on the stock market.

Top Berkshire Hathaway Stock Holdings

In addition to Apple stock, Berkshire’s latest 13F filing shows that Warren Buffett’s top holding on Dow stock-heavy portfolio was stable during Q1’s technology-led sell-off.

Bank of America (BAC), American Express (AXP), Coca Cola (KO) and Craft Heinz (KHC) is one of the largest stock holdings in Berkshire Is a small but significant holding Amazon (AMZN).

The aggregate did not change any of these holdings in Q1.

Investor legend Warren Buffett has a long track record of beating the market through his picks. The head of Berkshire continues to be a buying and holding investor, hanging on to stocks year after year or even decades. For example, the garment has risen sharply in the Coca-Cola stock since Q1 2001.

In 2021, Berkshire Hathaway played a largely defensive role as the stock market advanced, while its thick cash heaps improved. Buffett famously hated paying extra for stocks or trades.

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In Q1, he “bought a deep,” big bet that the price of energy would remain high. The total value of Berkshire’s investment in Occidental and Chevron was more than $ 39 billion at the end of Q1, a relatively large investment in the energy sector.

“The acceleration of investment activity is a welcome surprise,” Edward Jones analyst James Shanahan wrote in an April 30 note.

In Q1, Berkshire’s net stock purchases exceeded $ 41 billion vs. বিক্রি 7 billion in net sales in 2021, Shanahan said. It also repurchased ্ক 3.2 billion worth of shares in Berkshire. Among these measures, its cash balance decreased from শেষ 40 billion at the end of 2021 to $ 106 billion at the end of March.

Berkshire Stock’s B-class shares rose 1.8% in a wide rally today on the stock market. Apple stock rose 2.5%.

Find Aparna Narayanan on Twitter @IBD_Aparna.

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