Warren Buffett’s Stock Portfolio and 5 Newest Investments in 2022

1. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 66

Berkshire Hathaway’s Stake Value: $23,757,173,000

Warren Buffett’s Berkshire Hathaway lifted its Chevron Corporation (NYSE:CVX) stake by 3% in the third quarter of 2022, holding 165.35 million shares worth $23.75 billion, representing 8.02% of the total portfolio. On November 17, Chevron Corporation (NYSE:CVX) agreed to acquire full ownership of Beyond6 and its network of 55 compressed natural gas stations across the United States from Mercuria Energy Trading. 

On November 11, Piper Sandler analyst Ryan Todd raised the price target on Chevron Corporation (NYSE:CVX) to $206 from $186 and kept an Overweight rating on the shares. The Q3 results were incrementally bullish for the integrated oil 2023 macro outlook, the analyst told investors in a research note.

According to Insider Monkey’s Q3 data, 66 hedge funds were long Chevron Corporation (NYSE:CVX), compared to 59 funds in the preceding quarter. Ken Fisher’s Fisher Asset Management is one of the leading stakeholders of the company, with 6.8 million shares worth about $976 million.

Diamond Hill Capital mentioned Chevron Corporation (NYSE:CVX) in its Q1 2022 investor letter. Here is what the firm had to say:

“Other top contributors in Q1 included multinational energy company Chevron Corp. (NYSE:CVX). The company benefited from increased energy demand as COVID-related economic restrictions eased in tandem with concerns regarding supply interruptions related to Russia’s invasion of Ukraine.”

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