Buffett Goes on Buying Spree as Stock Market Reels Warren Buffett went bargain hunting with both fists in the second quarter, scooping up billions of dollars worth of equities amid the broader market''s steep selloff. Berkshire Hathaway ( BRK.B , $292.07) was a net buyer of stocks to the tune of $3.8 billion for the three months ended June 30. For good measure, Buffett, the conglomerate''s chairman and CEO, also bought back $1 billion worth of Berkshire Hathaway''s own stock. SEE MORE Biden''s Inflation Reduction Act: Investing Winners and Losers The SP 500 lost more than 16% of its value during the second quarter. Suffice to say that Buffett was once again greedy when others were fearful. Although Buffett slowed his pace of purchases of shares in both other companies and his own compared with Q1, the buying stands in stark contrast to Q2 2021, when Berkshire was a net seller of equities. We won''t know the full details of which stocks Buffett bought and sold during Q2 until Berkshire releases its Form 13-F on Aug. 15. But we do know that a sizable portion of that $3.8 billion in net purchases went to Occidental Petroleum ( OXY , $59.01).