The business of billionaire Warren Buffett has reported the portfolio modifications made in the last quarter. Berkshire Hathaway disclosed the adjustments in filings with the Securities and Exchange Commission on Tuesday.
Berkshire increased its already significant Apple holdings by purchasing 21 million additional shares in the iPhone maker. By the end of 2022, the Buffett firm would have 915.6 million shares.
Berkshire also increased to one of its smaller investments, which it originally disclosed three months ago, by purchasing more than 1.2 million Louisiana Pacific shares, giving it a nearly 10% stake in the construction supplies manufacturer.
During the quarter, Berkshire acquired approximately 2 million more Chevron shares, giving it 8.7% ownership of the oil giant.
The Buffett organization also reduced its investment in computer chip producer Taiwan Semiconductor, US Bancorp, and Bank of New York Mellon.
Berkshire dropped from 60 million shares of Taiwan Semiconductor to 8.3 million shares just three months after reporting a 60 million-share holding in the chipmaker.
Berkshire also reduced its holding in US Bancorp from 52.5 million shares to 6.7 million by the end of the year.
Berkshire Hathaway reduced its holding in Bank of New York Mellon again during the quarter, selling more than 37 million shares, leaving it with just over 25 million shares of the bank.
Buffett continues to reduce Berkshire’s holding in Activision Blizzard to 52.7 million shares throughout the quarter.
The Omaha, Nebraska-based conglomerate also reduced its stakes in Kroger and Ally Financial.
One of the most important developments in Berkshire’s portfolio isn’t represented in SEC filings because the company’s investment in Chinese electric vehicle producer BYD is traded on the Hong Kong stock exchange. Berkshire has sold 95 million of the 225 million BYD shares it purchased in 2008.
Berkshire Hathaway’s other significant drivers include firms it owns entirely, such as its insurance unit, which includes Geico, its energy division, which owns several large utilities, and BNSF railroad.
Because of Buffett’s incredibly successful investment record over the decades, many investors keenly monitor the company’s activities.