Welcome to Extreme Investor Network, where we bring you the latest insights and updates on investing trends and strategies. Today, we are diving into Warren Buffett’s recent moves in the stock market.
In a new regulatory filing, Warren Buffett revealed that he has added Chubb to his secret buy list and made some adjustments to Berkshire Hathaway’s equity portfolio in the first quarter. This includes tweaking his energy exposure by slightly increasing the Occidental Petroleum holding and trimming the Chevron stake. Berkshire has been steadily increasing its Occidental bet since first taking a position in the company in 2022.
Additionally, Buffett disclosed that he trimmed Berkshire’s Apple holding by 13% in the first quarter. He cited tax reasons for the sale, as he wanted to avoid a potentially higher tax bill in the future if tax rates rise to address the growing U.S. fiscal deficit.
Despite these changes, Berkshire’s top 10 holdings remained unchanged last quarter. However, the conglomerate did make some moves with smaller stakes, such as reducing its stake in Louisiana-Pacific by about 6% and exiting its HP stake. Buffett also shared that Berkshire completely sold off its Paramount stake at a loss.
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