Warren Buffett Just Bought Another $345 Million Worth of His Favorite Stock

Warren Buffett is the chairman and CEO of the Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) investment company. He has overseen a 19.8% compound annual return in Berkshire stock since 1965, which would have been enough to turn an investment of $1,000 back then into over $42.5 million today.

The same investment in the S 500 index would be worth just $327,400 today, so it's no surprise that investors closely monitor Buffett's every move.

According to Berkshire's 13-F filing for the second quarter of 2024 (ended June 30), the conglomerate just sold a substantial amount of stock, which implies Buffett might be feeling cautious about the broader market. However, Berkshire's Q2 financials suggest there is still one stock he appears to absolutely love.

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Source Fool.com