This performance gave rise to investors’ sentiments that the firm is a secure long-term investment, particularly given its diverse portfolio. Since arriving in 1962, The 92-year-old Warren Buffett has been credited with transforming Berkshire Hathaway from a struggling textile company to a conglomerate with businesses including Berkshire Hathaway Energy, Dairy Queen ice cream, Geico, and See’s Candies.

Quarterly operating profit for the company rose by 13% to $8.07 billion from $7.16 billion the previous quarter. Its cash on hand grew to $130.6 billion; a $2 billion rise. This comes after the conglomerate sold $13.3 billion of stocks over the course of the first quarter while buying just $2.9 billion.

Berkshire Hathaway’s Class A shares have increased 4.9% in value since the start of the year, trailing behind the Standard & Poor’s 500’s 7.7% gain. This is a major contrast from 2022 when the index trailed Berkshire by 23.4 percentage points.

The post Berkshire Hathaway Posts $35.5 Billion Q1 Profit appeared first on theprimarymarket.com.

In a recent interview with the Japanese finance publication Nikkei, Buffett revealed that “geopolitical tensions” surrounding the region were a significant consideration in the company’s decision to end its ties with TSMC. While Buffett went on to praise TSMC for good management, he also added that there are better places for Berkshire to invest its money.

Berkshire made the $4.1 billion investment in TSMC in June and September of 2022 but offloaded more than 86 percent of shares by the end of the year. It still owned 8.3 million shares in early 2023. 

Buffett had his chat with Nikkei while visiting Japan, where Berkshire made significant additions to its portfolio. According to Business Insider, the conglomerate increased its stakes in Japanese companies Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo, with a combined value of its positions being estimated at $14 billion.

According to Buffett, Berkshire intends to keep adding to its stakes in the future and hopes to expand the partnership in other ways.

“We don’t think it’s impossible that we will partner with them at some point in the future in a specific deal,” Buffett explained.

The post Warren Buffett Explains Why Berkshire Hathaway Unloaded Its TSMC Stake appeared first on theprimarymarket.com.

This new purchase, worth around $44 million, comes after Berkshire acquired 9.5 million shares in transactions made on June 17th and June 22nd. As a result, Berkshire now owns 153.5 million shares of Occidental that are worth more than $9 billion. And this might just be the beginning.

According to Reuters, Berkshire has options that would allow them to buy a further 83.9 million Occidental shares in the future. If the options get picked up, Berkshire, already the largest individual shareholder of Occidental, would increase its stake to 25 percent.

Berkshire’s investments and increase in oil price have caused a big surge in value for Occidental Petroleum stock (OXY). It spiked 94 percent in the past year and closed at $60.68 per share on Tuesday. It previously peaked at $70.86 in late May.

Besides Occidental Petroleum, Berkshire Hathaway also made a number of other major investments in 2022. It increased its stake in oil giant Chevron, now one of Berkshire’s most significant positions, while also investing in video game powerhouse Activision Blizzard and computer maker HP.

The post Warren Buffett’s Berkshire Increases Its Stake in Occidental Petroleum to 16.4% appeared first on theprimarymarket.com.

This performance gave rise to investors’ sentiments that the firm is a secure long-term investment, particularly given its diverse portfolio. Since arriving in 1962, The 92-year-old Warren Buffett has been credited with transforming Berkshire Hathaway from a struggling textile company to a conglomerate with businesses including Berkshire Hathaway Energy, Dairy Queen ice cream, Geico, and See’s Candies.

Quarterly operating profit for the company rose by 13% to $8.07 billion from $7.16 billion the previous quarter. Its cash on hand grew to $130.6 billion; a $2 billion rise. This comes after the conglomerate sold $13.3 billion of stocks over the course of the first quarter while buying just $2.9 billion.

Berkshire Hathaway’s Class A shares have increased 4.9% in value since the start of the year, trailing behind the Standard & Poor’s 500’s 7.7% gain. This is a major contrast from 2022 when the index trailed Berkshire by 23.4 percentage points.

The post Berkshire Hathaway Posts $35.5 Billion Q1 Profit appeared first on theprimarymarket.com.

In a recent interview with the Japanese finance publication Nikkei, Buffett revealed that “geopolitical tensions” surrounding the region were a significant consideration in the company’s decision to end its ties with TSMC. While Buffett went on to praise TSMC for good management, he also added that there are better places for Berkshire to invest its money.

Berkshire made the $4.1 billion investment in TSMC in June and September of 2022 but offloaded more than 86 percent of shares by the end of the year. It still owned 8.3 million shares in early 2023. 

Buffett had his chat with Nikkei while visiting Japan, where Berkshire made significant additions to its portfolio. According to Business Insider, the conglomerate increased its stakes in Japanese companies Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo, with a combined value of its positions being estimated at $14 billion.

According to Buffett, Berkshire intends to keep adding to its stakes in the future and hopes to expand the partnership in other ways.

“We don’t think it’s impossible that we will partner with them at some point in the future in a specific deal,” Buffett explained.

The post Warren Buffett Explains Why Berkshire Hathaway Unloaded Its TSMC Stake appeared first on theprimarymarket.com.

This new purchase, worth around $44 million, comes after Berkshire acquired 9.5 million shares in transactions made on June 17th and June 22nd. As a result, Berkshire now owns 153.5 million shares of Occidental that are worth more than $9 billion. And this might just be the beginning.

According to Reuters, Berkshire has options that would allow them to buy a further 83.9 million Occidental shares in the future. If the options get picked up, Berkshire, already the largest individual shareholder of Occidental, would increase its stake to 25 percent.

Berkshire’s investments and increase in oil price have caused a big surge in value for Occidental Petroleum stock (OXY). It spiked 94 percent in the past year and closed at $60.68 per share on Tuesday. It previously peaked at $70.86 in late May.

Besides Occidental Petroleum, Berkshire Hathaway also made a number of other major investments in 2022. It increased its stake in oil giant Chevron, now one of Berkshire’s most significant positions, while also investing in video game powerhouse Activision Blizzard and computer maker HP.

The post Warren Buffett’s Berkshire Increases Its Stake in Occidental Petroleum to 16.4% appeared first on theprimarymarket.com.