Buffett Buys More Occidental Shares—Here’s How His Top Holdings Have Fared In This Year’s Brutal Market

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Billionaire investor Warren Buffett continues to see opportunities in the stock market despite a sell-off in recent months.

Billionaire investor Warren Buffett continues to see opportunities in the stock market despite a selloff in recent months, recently snapping up more shares of energy company Occidental Petroleum, as some of his biggest holdings continue to outperform despite surging volatility this year....

Shares of Buffett’s investing conglomerate, Berkshire Hathaway, are up 13% in 2022 and sit near record highs, first passing the $500,000 per share mark on Wednesday and valuing the company at more than $750 billion. While Occidental has outperformed this year in tandem with the surge in oil prices, Buffett’s other top holdings have had mixed results amid the selloff that has taken place.

Buffett’s biggest holding—with a stake worth $144 billion at the end of 2021 and accounting for over 40% of his portfolio—is tech giant Apple, but shares of the iPhone maker are down roughly 10% this year amid the wider selloff in tech stocks. While Buffett’s biggest financial stock, Bank of America, is down roughly 3% this year, some of his large bets in consumer-related companies, such as American Express and Kraft-Heinz , have been paying off and outperforming the rest of the market.

 

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Cool

Your headlines are ridiculous! There will always be opportunities within the stock market !

Actually a sell-off creates opportunities in the stock market. Everything is on sale now at a 50%-60% discount. Fundamentals haven’t changed.

Buy $DAG. Thank me later.

Because*

Despite or because of?

an attempt to turn a blind eye to the obvious

go figure

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