Warren Buffett's Berkshire Hathaway Portfolio: Q2 2024 Stock Moves
Overview
On August 14th, 2024, Berkshire Hathaway released its 13F filing for the second quarter of 2024, revealing changes to its investment portfolio. Here's a summary of notable additions and reductions made during this period.
Stock Purchases
Taiwan Semiconductor Manufacturing Company (TSM)
Berkshire Hathaway initiated a new position in Taiwan Semiconductor Manufacturing Company (TSM), purchasing 60 million shares during the third-quarter bear market. TSM is a leading semiconductor manufacturer, known for its advanced technology and strong market position.
Chevron Corporation (CVX)
Berkshire Hathaway increased its stake in Chevron Corporation (CVX) by 24%, acquiring an additional 12 million shares. CVX is an energy giant with a diversified portfolio of operations, including oil and gas production, refining, and distribution.
Paramount Global (PARA)
The company purchased 27 million shares of Paramount Global (PARA), a media and entertainment conglomerate with operations in television, film, and streaming. This marks Berkshire's first investment in the media industry in several years.
Stock Sales
Kraft Heinz Company (KHC)
Berkshire Hathaway significantly reduced its stake in Kraft Heinz Company (KHC), selling 24.4 million shares. This sale represents a decrease of approximately 13% in Berkshire's KHC holdings.
Verizon Communications (VZ)
The company sold all of its remaining shares in Verizon Communications (VZ), a telecommunications provider. Berkshire had previously held a significant stake in VZ, but this sale marks a complete exit from the company.
AbbVie Inc. (ABBV)
Berkshire Hathaway reduced its position in AbbVie Inc. (ABBV), a pharmaceutical company, by 3.9%, selling approximately 4 million shares.
Summary
Berkshire Hathaway's Q2 2024 portfolio moves reflect a continued focus on value investing and diversification. The company's purchases of TSM, CVX, and PARA suggest an optimistic outlook on the technology, energy, and media sectors. The sales of KHC, VZ, and ABBV indicate a willingness to adjust positions based on market conditions and investment opportunities.
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