Buffett bought billion-dollar shares of Activision Blizzard shortly before its deal with Microsoft

Баффетт купил акции Activision Blizzard на миллиард долларов незадолго до ее сделки с Microsoft

Warren Buffett's Berkshire Hathaway increased its position in the oil company, and also bought shares of a game developer just before the growth.

Oil rate

According to WhaleWisdom, Berkshire Hathaway in the fourth quarter of 2021 increased the number of Chevron shares in its portfolio by a third, with 29 up to 38 million pieces. Chevron's stake in Buffett's portfolio rose from 1 to 1,4%.

For the first time, an oil company entered the Berkshire Hathaway portfolio at the end of 2020.. The oil and gas industry has suffered from quarantine, and Chevron shares then traded for about 30% below its pre-pandemic level. In the first half of 2021, Buffett was reducing the share of Chevron, in the second - again began to increase.

Manager's bet on value companies and economic recovery paid off in 2021. The oil and gas sector at the end of the year turned out to be the best in S&P 500, while Chevron, including dividends, rose by 46%. In 2022, against the background of rising prices for raw materials, the oil industry also gives the best profitability: 19% against drawdown S&P 500 on 8%.

Баффетт купил акции Activision Blizzard на миллиард долларов незадолго до ее сделки с Microsoft

And also games and neobanks

Also at the end of 2021, Berkshire Hathaway bought shares in Activision Blizzard - just before the news of the takeover.. 18 January Microsoft and the game developer announced a merger. After the announcement, ATVI securities grew by 25%. Their share of the Berkshire Hathaway portfolio at the end of 2021 is 0,3%, and the cost is a billion dollars.

Berkshire Hathaway reveals its stake in Nu Holdings. This is a Brazilian digital bank, which held an IPO in December 2021. Nu's share in Buffett's portfolio - 0,3%.

Minus farm and fintech

Berkshire Hathaway reduced the number of shares of pharmaceutical companies: Abbvie - on 78%, Bristol-Myers Squibb — на 76%. Buffett has been selling papers all year, and the combined share of ABBV and BMY in the portfolio decreased to 0,2%.

Among other things, Buffett reduced the number of fintech shares: Visa — на 13%, Mastercard — на 7%. At the end of 2021, V and MA together occupied about 1% in Berkshire Hathaway portfolio.

Top 25 positions in the Berkshire Hathaway portfolio at the end of 2021

Apple (AAPL) 47,6%
Bank of America (BAC) 13,6%
American Express (AXP) 7,5%
Coca Cola (KO) 7,2%
Kraft Heinz (DIFFERENT) 3,5%
Moody’s (MCO) 2,9%
Verizon (VZ) 2,5%
U. S. Bancorp (USB) 2,1%
Chevron (CVX) 1,4%
Bank of New York Mellon (BK) 1,3%
Davita (DVA) 1,2%
General Motors (GM) 1,1%
VeriSign (VRSN) 1,0%
Kroger (KR) 0,8%
Charter Communications (CHTR) 0,7%
Liberty Sirius Class C (LSXMK) 0,7%
Snowflake (SNOW) 0,6%
Visa (V) 0,5%
Amazon (AMZN) 0,5%
Mastercard (MA) 0,4%
Aon (AON) 0,4%
Liberty Sirius Class A (LSXMA) 0,3%
Now Holdings (NOT) 0,3%
Activision Blizzard (ATVI) 0,3%
RH (RH) 0,3%
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