In this article, we will take a look at the 5 stocks Warren Buffett just bought and sold. To see more such companies, go directly to 17 Stocks Warren Buffett Just Bought and Sold.
5. Liberty Live Group (NASDAQ:LLYVK)
Stake Value: $357,356,140
Berkshire Hathaway reported owning a $357 million stake in Liberty Live Group (NASDAQ:LLYVK) as of the end of the third quarter of 2023.
4. Amazon.com, Inc. (NASDAQ:AMZN)
Stake Value: $1,271,200,000 (Sold 5.2% stake in Q3)
Amazon.com, Inc. (NASDAQ:AMZN) was one of the most important stocks in which Buffett cut his stakes during the September quarter. Berkshire slashed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by about 5.2% in the period. The fund still owns a $1.27 billion stake in Amazon.com, Inc. (NASDAQ:AMZN).
Here is what Polen Global Growth has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2023 investor letter:
“Amazon continues to showcase it’s place as one of the most competitively advantaged companies in the world. The company has made significant progress in managing costs and better leveraging existing capacity, driving a strong recovery in its profitability. We think there’s additional room for improvement.
AWS growth seems to be stabilizing even while management continues to work with clients to optimize their infrastructure spend. Roughly 90% of global IT spending remains on premise. We believe this will eventually flip, with most IT spending ultimately moving to the cloud over time. We think AWS will be a significant beneficiary of this transition.
Further, our investment case on company profitability driven by AWS and advertising continues to unfold, delivering nearly $8 billion in free cash flow over the trailing twelve months and a net margin of 5%. We expect both to move higher with the mix shift of more profitable businesses growing fastest continuing to take effect.
At Amazon’s current price, we believe the company is well positioned to deliver a mid-teens or higher total shareholder return for our clients over the next five plus years without a Herculean effort from the business. It simply needs to continue executing on current businesses and growing into the capacity it built during and immediately after the pandemic.”
3. Aon plc (NYSE:AON)
Stake Value: $1,329,302,000 (Sold 5.2% stake in Q3)
Berkshire Hathaway decreased its stake in management consulting firm Aon plc (NYSE:AON) by about 5.2% during the third quarter of 2023. The fund still owns a $1.3 billion stake in Aon plc (NYSE:AON).
2. HP Inc. (NYSE:HPQ)
Stake Value: $2,634,739,200 (Sold 16% stake in Q3)
HP Inc. (NYSE:HPQ) is an important stock in which Warren Buffett decreased his stakes during the third quarter. Berkshire Hathaway cut its stake in HP Inc. (NYSE:HPQ) by 16% in the period, ending the period with a $2.6 billion stake in the company.
As of the end of the second quarter of 2023, 46 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in HP Inc. (NYSE:HPQ).
1. Chevron Corporation (NYSE:CVX)
Stake Value: $18,590,066,491 (sold 12.9 million shares in Q3)
Warren Buffett’s sold about 12.9 million shares of Chevron Corporation (NYSE:CVX) during the third quarter of 2023. The fund still owns a whopping $18.6 billion stake in Chevron Corporation (NYSE:CVX) as of the end of the September quarter.
Carillon Eagle Growth & Income Fund made the following comment about Chevron Corporation (NYSE:CVX) in its Q2 2023 investor letter:
“Chevron Corporation (NYSE:CVX) stock also traded lower as global oil prices declined in response to fears of an economic slowdown. Energy stocks were the second-worst-performing sector in the quarter.”
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