7 New Stocks Warren Buffett Bought in 2022
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the conglomerate run by Warren Buffett, bought plenty of stocks in 2022. Through the first nine months of the year, Berkshire deployed more than $66 billion of cash into stocks, a big step up from the same time period in 2021.
Because of Buffett's and Berkshire's long track record of beating the market, investors pay close attention to when they make a move. Here are seven new positions Berkshire initiated in 2022.
Prior to 2022, Berkshire did not own the large oil producer Occidental Petroleum (NYSE: OXY). But at the end of the third quarter, the conglomerate owned 21.4% of its outstanding shares, and regulators have granted Berkshire the right to purchase as much as half of all outstanding shares.
Source Fool.com
