Warren Buffett’s Berkshire Hathaway made several changes to its stock portfolio last quarter
Warren Buffett revealed Chubb as his secret acquisition and Berkshire Hathaway’s stock portfolio had several other changes in the first quarter, according to a new regulatory filing. First, the Omaha-based conglomerate adjusted its energy exposure last quarter, adding a stake in Occidental Petroleum and cutting a stake in Chevron. Berkshire has steadily increased its contingent bet since first taking the position in the first quarter of 2022. It was previously revealed that Buffett had cut his holding in Apple by 13%. of Berkshire in the first quarter. He said he sold a large portion of the shares for tax reasons after making huge profits. He hinted that selling the company could be a way to avoid even higher taxes in the future if tax rates rise to help cover America’s ballooning fiscal deficit. Aside from these changes, Berkshire’s top 10 holdings remained unchanged last quarter. As for the smaller holdings, the group cut its stake in construction materials maker Louisiana-Pacific by about 6%. Berkshire also divested its stake in HP last quarter. Buffett told shareholders at Berkshire’s annual meeting earlier this month that he sold all of his Paramount shares at a loss.
