Warren Buffett Bought Boatloads of These 2 Stocks in 2022
The 92-year-old Warren Buffett and his company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have been beating the market for decades, standing strong even through multiple recessions. That's why investors follow Berkshire's stock picks so closely.
This year, the large conglomerate, particularly at the beginning of 2022, deployed tens of billions of dollars into equities. Buffett typically takes a long-term investing approach, which means the Oracle of Omaha is seeing a lot of opportunity. Here are two stocks Buffett bought boatloads of this year.
Berkshire first initiated a position in the large Texas-based oil and gas producer Occidental Petroleum (NYSE: OXY) in the first quarter of this year, purchasing a $7.7 billion stake. And since then, Buffett and Berkshire have kept buying the stock all year. Berkshire now owns more than 194 million shares valued at close to $12.5 billion, or roughly 21% of the company. Berkshire has also received regulatory approval to purchase as much as half of all outstanding shares.
Source Fool.com
