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Berkshire Hathaway (NYSE: BRK-B) just revealed its latest portfolio changes.
Buffett’s portfolio shows that he’s bullish on technology, oil stocks and home builders.
Berkshire’s total stock portfolio is valued at $348 billion.
Let’s breakdown the portfolio and the major changes…
Bullish on Technology Stocks
Apple (NASDAQ) is the largest position in the portfolio.
Berkshire owns $177.6 billion of Apple stocks – making it a 51% position in the portfolio.
That makes Berkshire the 3rd largest Apple shareholder – behind Vanguard and Blackrock. Those two firms obviously own AAPL shares on behalf of clients – in 401K retirement plans, brokerage accounts, mutual funds and ETFs.
Berkshire’s stake in Apple is up 346% since being acquired.
Buffett is also bullish on financial stocks that are involved with technology. This includes Mastercard (NYSE: MA) and Visa (NYSE: V) – two companies that benefit from the transition to digital transactions. Plus, a stake in a Brazil fintech called Nu Holdings (NYSE: NU).
Finally, Buffett sold 70% of his stake in Activision Blizzard (NASDAQ ATVI). The video game maker now looks on track to be acquired by Microsoft at a healthy premium.
Apple is my single largest position. I’ve been bullish on the stock since 2011 – and am currently up 1,167%.
Berkshire already made a fortune with Chinese EV automaker BYD (OTC: BYDDY) – and has a position worth $8 billion.
I’d expect that Buffett may be looking at how to profit from…
Elon Musk’s Secret Master Plan 3.0.
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Putting $800 Million in These U.S. Homebuilders
During the second quarter – Berkshire began new positions in 3 homebuilder stocks.
The firm invested a total of $800 million in D.R. Horton (NYSE: DHI), NVR (NYSE: NVR) and Lennar (NYSE: LENB). Each of these stocks is up more than 35% this year.
Given the size of these positions – they were likely selected by one of Berkshire’s investment managers. Ted Weschler and Todd Combs also manage a portion of the portfolio.
Homebuilder stocks have had a banner year.
I’m currently “long” Lennar with a 25% profit on my open position.
Bullish on These 2 Oil Stocks
Two oil stocks are now the 5th and 6th largest positions in the portfolio.
The Chevron (NYSE: CVX) stake is positing 23% gains and Occidental Petroleum (NYSE: OXY) is up 22%.
Together these two positions comprise nearly 10% of the entire portfolio.
During the last 3-months – Berkshire trimmed its position in Chevron and added to Occidental.
Buffett has been an aggressive buyer of OXY whenever the share price is below $60.
Berkshire owns 25% of the company – and has been approved by U.S. regulators to increase his position up to 50%. Buffett is on the record saying that he does not plan to buy the entire company.
Buffett may also be looking to expand his investments in green energy – and EVs. After all, Berkshire Hathaway Energy is already the 2nd largest producer of electricity from wind and solar.
That’s why I suspect he’s closely watching Elon Musk’s is Secret Master Plan 3.0.
This plan reveals how Tesla plans to build 20 million EVs per year. And it shares shocking details on an initiative to boost battery production by over 3,000%.
It’s critical that you watch this NOW – before Musk reveals his next major EV breakthrough.
Yours in Wealth,
Ian Wyatt