Warren Buffett’s 5 New Stock Picks Since 2022 Market Peak

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1. Occidental Petroleum Corporation (NYSE:OXY)

Berkshire Hathaway’s Equity Stake in Q3 2023: $14.54 Billion
Stock Gain since Buffett Investment: 36%
Number of Hedge Fund Holders: 75

Occidental Petroleum Corporation (NYSE:OXY) was one of Buffett’s new stock picks since 2022, as the legendary investor bought stakes as the Russia-Ukraine war exploded early last year. The war triggered fear in the equity markets, providing an attractive investment opportunity as oil prices raced higher and supply concerns.

Buffett acquired stakes worth $7.7 billion in Occidental Petroleum Corporation (NYSE:OXY) at about $44 a share in Q1 2022. Since then, Berkshire Hathaway’s stock has gained 36% and boasts a 1.20% dividend yield. As of Q3 2023, the holding firm held stakes worth $14.54 billion, accounting for 4.64% of the portfolio.

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