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Buffett's Berkshire makes several moves, including new stake in Taiwan Semi

Published 14/11/2022, 22:56
Updated 14/11/2022, 22:56
© Reuters.

By Investing.com Staff

Warren Buffett's Berkshire Hathaway (NYSE:BRKa) (NYSE:BRKb) filed its 13F for the quarter that ended on Sept. 30, 2022. The conglomerate showed three notable new positions, added and trimmed a few core and non-core positions, and maintained the overwhelming majority of their core positions.

Of the new positions, the largest purchase was Taiwan Semiconductor Manufacturing (NYSE:TSM). Berkshire acquired over 60 million shares of the semiconductor company worth nearly $4.4 billion based on Monday's closing price. Taiwan Semiconductor ADRs jumped nearly 5% after hours on the news.

Berkshire also entered Louisiana-Pacific Corporation (NYSE:LPX) with a new 5,795,906 share position and Jefferies Financial Group Inc (NYSE:JEF) with a new 433,558 share position. Louisiana-Pacific shares jumped nearly 9% after hours on the news. Jefferies gained over 5%.

In the oil and gas space, Berkshire added to its Chevron Corp. (NYSE:CVX) and Occidental Petroleum (NYSE:OXY). They owned 165,359,318 and 194,351,650 shares, respectively, as of the end of the quarter.

The conglomerate also lifted its stake in Paramount Global (NASDAQ:PARA) from 78,421,645 shares to 91,216,510 shares.

Berkshire maintained its stakes in its largest holding Apple Inc. (NASDAQ:AAPL), worth an estimated $133 billion. They also maintained the stake in its second-largest holding Bank of America (NYSE:BAC), worth an estimated $38 billion.

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