Warren Buffett's Buying This Passive Income Stock. Should You?
Warren Buffett's team at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) did not reveal any new positions in its 13F filing for the fourth quarter of 2022. While the report was more notable for its sales, Berkshire added shares to a few of its holdings, including Paramount Global (NASDAQ: PARA). The media company formerly known as ViacomCBS has attracted tremendous interest in recent years for its popular programs such as Yellowstone and Tulsa King.
Nonetheless, Berkshire's reversal in Taiwan Semiconductor (TSMC), selling 86% of its holdings just one quarter after buying, may make investors wary of following Buffett's team. Thus, investors should take a closer look at the media stock to better determine whether it's a long-term hold or a short-term trading opportunity.
The good news for Paramount investors is that Berkshire seems more committed to Paramount than TSMC. Berkshire currently owns over 93 million shares of Paramount, amounting to a stake slightly exceeding 15%. It began buying shares in the first quarter of 2022, purchasing around 69 million shares at that time. Buffett's team then added more shares in the third and fourth quarters.
Source Fool.com
