Warren Buffet added 3 new stocks including recently acquired Activision
Stock |
Sector |
Shares
Held of Principal Amount |
NU |
INFORMATION TECHNOLOGY |
107,118,784 |
ATVI |
INFORMATION
TECHNOLOGY |
14,658,121 |
FWONK |
COMMUNICATIONS |
2,118,746 |
Source:
Whale Wisdom
Legendary investor and the Oracle of Omaha, Warren
Buffett is set to cash out big time from a new investment in video game maker
Activision Blizzard. The investment was made through Berkshire Hathaway during
the quarter before Microsoft’s announcement to buy the company.
Berkshire Hathaway (BRKB) bought roughly 14.7 million
shares of Activision (ATVI) in the fourth quarter of 2021, according to a late
Monday filing with the Securities and Exchange Commission. At the time, the
stake was worth about $975 million, with an average price of $66.53 a share.
Following Microsoft's $69 billion deal announced last
month, Activision now trades at about $81.50 a share. This means Berkshire's
stake is worth more than $1.2 billion, a sharp 22.5% gain. If the Microsoft deal
is approved, Berkshire could make more than its current stake.
Berkshire Hathaway also secured a $1 billion position
in NU Holdings during the fourth quarter. NU Holdings is a digital finance
platform that offers financial services such as credit, debit cards, savings,
and other personal finance services. Its operations are mostly in Brazil,
Mexico, and Colombia.
The Buffett-owned investment company established a new
position in Liberty Media Formula One (FWONK) Series C, worth roughly $134
million. The investment was side-by-side a boost in Liberty Sirius XM Series by
about 36%. Both stocks are linked to John Malone's Liberty Media empire, and
they include stakes in SiriusXM, Live Nation Entertainment, and Formula One.
Buffett and Berkshire are known for making daring and
successful investments, as well as, having a good eye to spot companies with
prospects. They have an excellent track record in selecting investments. Berkshire
has a known strategic approach with its investments, holding the majority of
its portfolio in a few companies. The company maintained its top holdings
during the fourth quarter, with only four companies accounting for more than 70
percent of its total portfolio value. Here are its top holdings:
1. Apple
(AAPL) - $157.5 billion
2. Bank
of America (BAC) - $44.9 billion
3. American
Express (AXP) - $24.8 billion
4. Coca
Cola (KO) - $23.7 billion
In the first three quarters of 2021, Buffett invested
more than $20 billion to repurchase Berkshire stock, with $7.6 billion in the
third quarter. Many believe that Buffett believes that the shares are
undervalued and continuing shareholders will enjoy the benefits of the
buybacks.
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