Buffett’s firm buys more Apple, Amazon while betting on oil
OMAHA, Neb. (AP) — Warren Buffett’s company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new filing with the Securities and Exchange Commission. Wall Street follows Berkshire’s investments closely because of Buffett’s remarkably successful track record over the decades. Berkshire had already disclosed its biggest move in the quarter — investing $1.4 billion in oil producer Occidental Petroleum — because that investment’s size required more immediate updates. Berkshire now owns more than $11 billion worth of Occidental stock, and it controls more than 20% of the company after making several more purchases since the quarter ended on June 30. But Monday’s filing revealed a number of smaller moves Berkshire made during the second quarter, including adding to its stakes in Apple, Amazon, Chevron, Ally Financial, Activision Blizzard and several other stocks.
Buffett’s firm buys more Apple, Amazon while betting on oil
OMAHA, Neb. (AP) — Warren Buffett’s company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new filing with the Securities and Exchange Commission. Wall Street follows Berkshire’s investments closely because of Buffett’s remarkably successful track record over the decades. Berkshire had already disclosed its biggest move in the quarter — investing $1.4 billion in oil producer Occidental Petroleum — because that investment’s size required more immediate updates. Berkshire now owns more than $11 billion worth of Occidental stock, and it controls more than 20% of the company after making several more purchases since the quarter ended on June 30. But Monday’s filing revealed a number of smaller moves Berkshire made during the second quarter, including adding to its stakes in Apple, Amazon, Chevron, Ally Financial, Activision Blizzard and several other stocks.