Berkshire Hathaway recently released their 13F on 15 August 2022. A 13F is a quarterly report that institutional investors in the United States must release so that the public can see their holdings and transactions.
So, what did Buffett and Co. get up to in Q2?
234% Position Increase in Ally Financial Inc. (ALLY)
Berkshire increased their position in Ally by 234% buying 21 million shares. Those shares are currently worth over $739 million. Ally traded between a high of $45.41 and a low of $31.66 in Q2 and sits at $35.16 today. Berkshire now owns 30,000,000 shares worth over $1 billion.
Ally Financial provides digital financial services to consumers, businesses, automotive dealers, and corporate clients.
16% Position Increase In Occidental Petroleum (OXY)
Berkshire increased their position in Occidental Petroleum by 16% buying 22 million shares worth over $1.5 billion today. OXY traded between $51.52 and $74.04 during Q2 and currently trades at $71.29. Berkshire now owns 188,366,460 shares worth over $13.4 billion.
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas.
16% increase in Celanese Corp. (CE)
Berkshire increased their position in Celanese Corp by 16% buying 1,275,716 shares worth over $146 million today. Berkshire now owns 9,156,714 shares worth over $1 billion. During Q2 CE traded between $117.16 and $161.36 and trades at $114.67 today.
Celanese Corporation is a producer of chemicals and advanced materials. The Company offers products such as acetyl, acetate, vinyl emulsion, and engineered polymers.
Exited Position in Royalty Pharma plc (RPRX)
Berkshire sold their position of 1,496,372 RPRX currently worth $65 million. Royalty Pharma traded between $37.07 and $44.75 during Q2.
Royalty Pharma plc invests in late-stage biopharmaceutical products. The Company invests in academic institutions, research hospitals and not-for-profits through small and mid-cap to global pharmaceutical companies.
Exited Position in Verizon Communications (VZ)
Berkshire sold their position of 1,380,111 Verizon shares worth $61 million today. Verizon traded between $45.54 and $55.50 during Q2 and currently trades at $44.10.
Verizon Communications Inc. operates as a telecommunications company. The Company provides voice, data, wireless, and internet services.
Some other trades of note include a 13% position increase in Paramount Global (PARA) worth $245 billion today, a 6.35% position increase in Activision Blizzard worth $327 billion, a 1.42% increase in Chevron Corp (CVX) worth $365 billion and a 0.44% increase in Apple worth $665 billion. Berkshire also decreased their positions in U.S. Bancorp by 5.23% worth $321 billion, Kroger Co. (KR) by 9.57% worth $274 billion, General Motors by 14.78% worth $363 billion and Store Capital Corp (STOR) worth $220 billion.