Warren Buffett’s Berkshire Hathaway (BRKB) is poised to reveal its second-quarter stock buys and sells late Wednesday. Berkshire stock nudged higher on Tuesday within a buy zone.
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Warren Buffett’s Q2 Stock Buys, Sells
Investors already know that Berkshire was a net seller of stocks in Q2 for a seventh straight quarter.
They know that the Berkshire chief shocked the markets by slashing a massive stake in Apple (AAPL) almost in half in Q2, right before the technology stock declined in August. And investors know that Buffett made a mighty cut to its Bank of America (BAC) position in the current quarter, just before market volatility spiked due to recession fears.
Both cuts were notable because Apple and Bank of America are among Berkshire’s biggest holdings.
Soon investors will learn about other Q2 moves that a seemingly more defensive Buffett made. Those details should come in Berkshire’s 13F regulatory filing for the quarter on Wednesday.
Clues in earnings filings lead one longtime Buffett watcher to expect a Q2 cut to another top holding:
“It looks like there was some trimming of the Chevron stake,” Bill Stone, chief investment officer at the Glenview Trust, wrote on Aug. 5. Generally speaking, Berkshire has been reducing its position in oil major Chevron (CVX) while building up Occidental Petroleum (OXY).
Berkshire Hathaway Stock Investment Portfolio
Investors monitor Berkshire Hathaway’s more than $300 billion stock portfolio because of its superior long-term returns. Changes are notable because Warren Buffett tends to hold stocks for years and even decades.
News of a Buffett stock buy or sell can have big impact. Chubb (CB) broke out in May after a 13F filing revealed a new Berkshire Hathaway position in the insurer worth $6.7 billion, for example.
Check back for updates on Buffett’s Q2 stock buys and sells.
Class B shares of Berkshire Hathaway rose 0.5% to 432.41, on the stock market today. Berkshire stock undercut a 430 buy point from a flat base earlier in August despite strong Q2 earnings. But BRKB stock has now bounced back above the entry as well as the 50-day average. It is up 20.5% so far this year.
Apple stock popped 1.7% on Tuesday. Bank of America advanced 0.8%. Chubb dipped 0.1%.
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