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7 shares Warren Buffett buys or sells



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<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" Berkshire Hathaway ( BRK.B $ 1

98.31) Chairman and CEO Warren Buffett has not found much to his liking in 2019. " data-reactid = "29"> Berkshire Hathaway (BRK.B, $ 198.31) Chairman and CEO Warren Buffett hasn't found much to his liking in 2019.

<p class = "canvas-atom canvas-text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Oracle of Omaha bought and sold left and right at the end of 2018 . fourth quarter nearest bear market to grab bargains and exit a few underperforming investments, totaling a total of 17 stocks, but thanks to significantly higher prices during 2019, Buffett has switched off and made 10 such moves in 1 Quarterly and only six in the three months ended June 30. "data-reactid =" 30 "> Oracle of Omaha bought and sold left and right in late 2018. He used his fourth-quarter bear market to snatch up good buy and exit a few underperforming investments, and a total of 17 regular trades. But thanks to significantly higher prices during 2019, Buffett has turned things down, making 10 such moves in Q1 and just six in the three months ended June 30.

We can still glimpse a few things from what Buffett is doing, so today we will look at the latest changes in Berkshire Hathaway's stock portfolio.

The American Securities and Exchange Commission's own rules require Buffett to open up to these moves. All investment managers with more than $ 100 million in assets must file a Form 13F each quarter to reveal any change in share ownership. There is an important level of transparency for anyone well-funded enough to have a significant impact on a share of the investment. And in this case, it helps people who appreciate Buffett's insight to track what he does – some investors consider a Berkshire acquisition an important approval mark. (Just remember: A few of Berkshire's holdings are affected or even decided by Lieutenants Ted Weschler and Todd Combs.)

Here's what Warren Buffett's Berkshire Hathaway bought and sold during the second quarter of 2019, based on the latest 13F filed August 14. The list includes six changes to the equity portfolio, and a remarkable seventh investment.

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[19459025Action:AddedtoGames

Shares: 537,300 (+ 11% from Q1)

Value of Ownership: $ 1,017,447,000

<p class = "canvas-atom canvas -text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Berkshire Hathaway did not open any new positions during the three months ended June 30, allowing the acquisition of 54,000 Amazon. com ( AMZN $ 1,776.12) shares the most important subsidy in the second quarter. n share of 11%. "Data-reactid =" 57 "> Berkshire Hathaway did not open for new positions in the three months ended June 30, so it buys 54,000 Amazon.com (AMZN, $ 1,776.12) shares its major addition in Buffett's holding company increased its stake by 11%.

Interestingly, this position has absolutely nothing to do with Buffett.

Berkshire's CEO told CNBC in May, when Berkshire originally brought AMZN into the board, that "a of the fellows in the office managing money "called the call. It's a reference to Weschler and Combs.

Good at Buffett, but to admit that even he can make mistakes. Also said back in May that he didn't believe in Amazon. com as much as he should have.

"(Amazon) far exceeded anything I could have dreamed of. Because if I really felt it could have been done, I should have bought it, "he said." I had no idea it had the potential. I blew it. "

Amazon has a good, albeit not explosive, 2019, with its around 18% return exceeding the S&P 500 by about five percentage points. That said, it is possible that the significant dip in AMZN between the beginning of May and early June (the stock fell about 10% in one month) provided another attractive point of purchase for Buffett.

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Action: Added to Games

Shares held: 927 248 600 (+ 3% from Q1)

Value of bet: $ 26,890,210. 000

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "Warren Buffett's love relationship with US banks continued in the second quarter with a few spots on the cheek. Berkshire added to its positions in two giant US financial stocks – including a 3% accumulation in its Bank of America ( BAC $ 26.25). "Data-reactid =" 90 "> Warren Buffett's love affair with US banks continued in the second quarter with a few pockets on his cheek. Berkshire added its positions in two giant US financial stocks – including a 3% stake in its Bank of America ( BAC, $ 26.25).

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Buffett really set up the bank purchase in the second half of 2018, starting or adding positions to the likes of Bank of New York Mellon ( BK ), Goldman Sachs ( GS ), JPMorgan ( JPM ) and Wells Fargo ( WFC ). But Bank of America's role in the Berkshire portfolio goes back seven years. "Data-reactid =" 91 "> Buffett really increased his bank purchases in the second half of 2018, and started or increased positions for the likes of Bank of New York Mellon (BK), Goldman Sachs (GS), JPMorgan (JPM) and Wells Fargo ( But the Bank of America's role in the Berkshire portfolio goes back seven years.

In 2011, Warren Buffett made $ 5 billion in BofA, which, like most other bank stocks, probably from the wake of the Great Recession But his investment started in preferred stocks that yielded 6%, as well as warrants that allowed him to buy discounted BAC shares (In 2017, he paid the preferred and exercised warrants and made a tidy profit of $ 12 billion to become BofAs largest shareholder.

Meanwhile, BRK.B's current stake is calculated with a 9.1% stake in the major bank.

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Action: Added to Games

Shares held: 132,459,618 (+ 2% from Q1)

Value of ownership: $ 6,940,884,000

<p class = "canvas-atom canvas-text Mb ( 1.0em) Mb (0) – sm Mt (0.8em) –sm "type =" text "content =" The second bank extension? U.S. Bancorp ( USB $ 51.28). Berkshire Hathaway grew its position by about 2% during the second quarter. "Data-reactid =" 117 "> The second bank grant? US Bancorp (USB, $ 51.28). Berkshire Hathaway grew its position by about 2% during the second quarter.

US Bancorp is the US's fifth largest bank after assets, and its biggest regional bank (called a "superregionell"). and like many other major financial institutions in America have USB had a moderately fertile, but still frustrating years. [19659027Detsomsåuttilåværeetbakteppeavstigenderenter(somgjøratbankenekankrevemerforproduktersompantelånogautolånmensdefremdelesikketrengeråbetaleutmyemerrenterpåsparingogandrekontoer)harrasktendretsegFederalReservebyttetsinholdningtidligereiårtilåholderentenivåetbestemtesegdaforåreduserereferanserentenijuliDetharveietpåfinanssektoreninkludertUSBsomeroppmedvel12%ellersåi2019menhalterS&P500medmerennenprosentalderspoeng

Berkshires recently been reinforced position translates to a 8.3% stake in US Bancorp and makes up 3.3% of the Berkshire portfolio.

<h3 class = "canvas-atom canvas text Mb (1.0 em) Mb 0) – sm Mt (0.8em) – sm" type = "text" content = "SEE ALSO: 12 Bank Shares Like Wall Street loves most "data-reactid =" 121 "> SEE ALSO: 12 bank stocks that Wall Street loves most

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Action: Added to Games [19659030] Shares held: 5,171,890

Value of ownership: $ 971,074,000 (+ 1% from Q1)

<p class = "canvas-atom canvas text Mb (1.0 em) Mb (0 ) – sm Mt (0.8 cm) – sm "type =" text "content =" In October 2018, International Business Machines ( IBM announced that they would pay $ 34 billion in cash to buy Red Hat, which would strengthen IBM's cloud offering. "This acquisition brings together the best-in-class hybrid cloud providers and will allow companies to move all business applications to the cloud," Red Hat said in the first news release that revealed the acquisition. "Data-reactid =" 144 "> In October 2018, International Business Machines (IBM) announced it would pay $ 34 billion in cash to buy Red Hat, which will strengthen IBM's cloud offering." This acquisition brings together the best- in-class hybrid cloud vendors and will enable companies to safely move all business applications to the cloud, "Red Hat said in the introductory news release that revealed the acquisition.

The announcement started the clock for any Red Hat disappearance, which came in July when the deal was finally terminated.

But the inevitable disappearance of Red Hat did not deter Buffett, who began his stake in the fourth quarter of 2018, and then added it during the first and second quarters of the year.

His last puchase was a small uptick – 61,419 shares, or a 1% increase from Berkshire's first quarter, with a combined stake of around 5.2 million shares, Berkshire owned about 2.9% of Red Hat at the end of the year. Q2 – A few days before IBM took over.

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Action: Reduced ownership

Shares held: 5,426,609 (-4% from Q1)

Value of ownership: $ 2,144,487,000

<p class = "canvas-atom canvas-text Mb ( 1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" The second quarter of 2019 launched yet another haircut for Berkshires Charter Communications ( CHTR $ 380.94) . data-reactid = "171"> The second quarter of 2019 launched yet another haircut for Berkshires Charter Communications (CHTR, $ 380.94).

<p class = "canvas-a empty canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm "type =" text "content =" Charter Communications is the company behind Spectrum, the second largest cable operator in the US behind Comcast ( CMCSA ). Spectrum also offers internet, telephone and other communication services. Charter grew significantly in 2016 through a couple of acquisitions, for Time Warner Cable and its sister company Bright House Networks. "data-reactid =" 172 "> Charter Communications is the company behind Spectrum, the second largest cable operator in the US behind Comcast (CMCSA). Spectrum also offers Internet, telephone and other communications services. Charter grew significantly in 2016 through a couple of acquisitions, for Time Warner cable and its sister company Bright House Networks.

This is not a terribly old Berkshire position (Buffett entered 2014), but it has been trimmed frequently since early 2017, including an additional 5.4 million shares in 2 This is significantly reduced from the 9.4 million shares it owned just over two years ago, but still good enough for a 2.4% stake.

However, it is difficult to postpone Charter for this year's sale CHTR has more than doubled the S&P 500 by almost 34% to date, including a significant stumble since late July – partly on the broader market decline, but also a reflection of a disappointing revenue report in Q2. figures that made revenues and profits below expectations.

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Action: Discontinued ownership

Shares held: 0 (-100% from Q1)

Value of ownership: $ 0

<p class = "canvas-atom canvas text Mb (1.0 em) Mb (0) – sm Mt (0 , 8 cm) – sm "type =" text "content =" On the face, the largest shake of the Berkshire Hathaway portfolio was full exit from one of the lesser known names: USG Corp. ( USG $ 380, 94). "Data-reactid =" 198 "> On the face, the largest shake of the Berkshire Hathaway portfolio was full exit from one of the the lesser known names: USG Corp. (USG, $ 380.94).

USG Corp. – or the United States Gypsum Corporation, if you are not into the full brief – is as dull as plaster. Which is appropriate, because it is one of the most important products. USG is a specialist in building materials that makes, among other things, plaster and grout. (Joint connection is just one of many products USG makes of plaster, hence the name).

But while the move looks dramatic, this was in the cards for more than a year. Germany's Knauf, which is also in the plaster business, announced in June 2018 that it would buy USG for $ 7 billion. Berkshire Hathaway, which had a 31% stake at the time, put USG in significant pressure to accept the deal – which ended Buffett's way out of what he called a "disappointing" investment.

The agreement was terminated in April 2019, effectively ending Berkshire's commitment.

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Action: Investment

Shares : 100,000 *

Value of ownership: $ 10 billion *

This latest trade is technically not part of the Berkshire Hathaway stock portfolio, and there has been news for months. But it is still a remarkable act from the second quarter.

<p class = "canvas atomic canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Warren Buffett has not had much involvement in energy storage But in late April 2019, he said he would invest $ 10 billion in integrated oil-and-gas play Occidental Petroleum ( OXY $ 43.96) to help finance the bid for exploration and production company Anadarko Petroleum, in contrast, Berkshire received 100,000 preferred shares with 8%. "data-reactid =" 226 "> Warren Buffett has not had much involvement in energy storage in recent years. But in late April 2019, he said he would invest $ 10 billion in integrated oil-and-gas play Occidental Petroleum (OXY, $ 43.96) to help fund his bid for exploration and production company Anadarko Petroleum . In return, Berkshire received 100,000 preferred shares with 8%.

<p class = "canvas-atom canvas text Mb (1.0 cm) Mb (0) – sm Mt (0.8 cm) – sm" type = "text" content = "Occidental placed the bid on $ 38 billion to buy out Anadarko after the latter had already accepted a $ 33 billion offer from Chevron ( CVX . Anadarko agreed to the higher offer, and August 8 While the deal was still in air, activist investor Carl Icahn – who owned a 5% stake in OXY – loudly criticized and called the deal "one of the worst I've ever seen" and "hugely overpriced." "data-reactid =" 227 "> Occidental let bid for $ 38 billion to buy out Anadarko after the latter had already accepted a $ 33 billion offer from Chevron (CVX), Anadarko agreed to the higher offer, and on August 8, shareholders shone green on the deal. the deal was still up, activist investor Carl Icahn – who owned a 5% stake in OXY – loudly criticized, and called the deal "one of the worst I've ever seen" and "hugely overpriced." [19659054] But Buffett must have done well for himself. Icahn told CNBC that Buffett essentially pulled a fast one on CEO Vicki Hollub. "Warren did a great job for himself and Berkshire … but they didn't have to give him a $ 1.5 billion gift," he said.

* The other purchases on this list are of regular stock. Buffett received 100,000 shares of preferred stock for his investment in Occidental.

Kyle Woodley was a long time AMZN from this writing.

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