https://markets.businessinsider.com/news/stocks/warren-buffe…
Warren Buffett’s Berkshire Hathaway built a billion-dollar stake in Activision Blizzard last quarter, before Microsoft agreed to acquire the video-games giant in January this year.
The famed investor’s company purchased 14.7 million shares of the “Call of Duty” and “World of Warcraft” studio, giving it an almost 2% stake worth $975 million at the end of December, a Securities and Exchange Commission filing revealed on Monday.
Microsoft agreed to acquire Activision Blizzard in an all-cash deal for $69 billion in January, helping to propel the video-game company’s stock price up 21% this year, and boosting the value of Berkshire’s stake to $1.2 billion today.
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https://markets.businessinsider.com/news/stocks/warren-buffe…
Buffett’s company made several other changes to its portfolio. For example, it slashed its AbbVie and Bristol-Myers Squibb stakes by nearly 80%, cut its March & McLennan and Royalty Pharma holdings, and sold its position in Teva Pharmaceuticals.
On the other hand, it boosted its Chevron stake by a third to 38.2 million shares. It also disclosed a $1 billion stake in Nubank following the Brazilian lender’s stock-market debut in December.
Also: Buffett Buys Chevron, Sells Visa and Mastercard in Q4
Warren Buffett’s Berkshire Hathaway bought about 9.4 million shares of Chevron in the quarter, boosting its stake to 38 million.
https://www.thestreet.com/investing/buffet-buys-chevron-sell…
As for the selling, Berkshire reduced its holdings in credit companies Visa (V) - Get Visa Inc. Class A Report and Mastercard (MA) - Get Mastercard Incorporated Class A Report. It trimmed its Visa stake by 13% to 8.3 million shares and its Mastercard holding by 7% to 4 million shares, according to CNBC. The Visa stake was worth $1.87 billion as of Monday’s close, and the Mastercard holding was worth $379 million.
Chevron represented the only one of Berkshire’s top 10 publicly-traded stock holdings that changed in size during the last quarter. The top 10 as of Dec. 31, starting from the biggest position, were Apple (AAPL) - Get Apple Inc. Report, Bank of America (BAC) - Get Bank of America Corp Report, American Express (AXP) - Get American Express Company Report, Coca-Cola (KO) - Get Coca-Cola Company Report, Kraft-Heinz (KHC) - Get Kraft Heinz Company Report, Moody’s (MCO) - Get Moody’s Corporation Report, Verizon (VZ) - Get Verizon Communications Inc. Report, US Bancorp (USB) - Get U.S. Bancorp Report, Chevron and Bank of New York Mellon (BK) - Get Bank of New York Mellon Corporation Report.
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And he made a major purchase of Chevron stock. He must think oil is an inflation hedge.