Berkshire Hathaway reported holding of its publically traded stock as required by securities laws in its 13f disclosure filings with the SEC. Since Warren Buffett is one of the best investors of all time, people are very interested in what the company bought, sold, and still holds.
The company has three new buys added to the portfolios.
- Capital One: The credit card issuer & bank. BRK bought 9.92 million shares valued at $954.1 million, representing 2.6% of the outstanding shares
- Diageo Plc-ADR: The big beverage company bought 227,750 shares valued at $41.3 million
- Vitesse Energy: A small-cap E&P oil and gas company. The company bought 51,026 shares valued at just $1 million. This purchase is a bit peculiar as it is so tiny to have no impact on the company’s financial performance.
The company dumped the shares of four companies. It looks like he is dumping regional banks’ holdings.
- BNY Mellon: A big regional bank. BRK sold 25.1 million shares, valued at $1.14 billion.
- US Bancorp: A big regional bank. BRK sold 6.67 million, valued at $290.9 million
- RH: The big furniture retailer. They did great during the lockdown. The stock has been in a swoon since Aug 2021. The company sold 2.36 million shares valued at $630.6 million
- Taiwan Semiconductor: The world’s largest semiconduction manufacturing company. Warren stated previously that the politics were getting too hot, so he sold 8.29 million shares valued at $617.7 million.
He made adjustments to other holdings. See the exhibit below for a summary of what changed in the Berkshire Hathaway stock portfolio over Q1 2023.
