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Major investor Warren Buffett
is known as the "Oracle of Omaha".
The 91-year-old has an estimated net worth of $124 billion.
Photo: Nati Harnik / AP
Warren Buffett
(91) fans have been waiting
for his next big deal for years.
In March of this year, the star investor reported back with three big deals.
His Berkshire Hathaway holding took over the US insurer Alleghany and bought shares in the US oil company Occidental Petroleum and the US computer manufacturer HP.
Since then, the billionaire has been involved in the stock market again, as can be seen from the quarterly mandatory report to the US Securities and Exchange Commission, which Berkshire Hathaway has now published.
The shares of the major bank Citigroup are
new to the $390 billion portfolio that Buffett manages with the two investment managers
Todd Combs
(51) and
Ted Weschler (60).
Buffett's Holdings bought a stake that was worth nearly $3 billion at the end of the first quarter.
In addition, Berkshire Hathaway built up a position in the financial company Ally Financial, which is worth around $400 million.
Media company Paramount Global, chemicals company Celanese and drug retailer McKesson are also new to Buffett's portfolio.
Especially when Apple, currently the second most valuable company in the world, Buffett grabbed in the first quarter and bought paper worth 600 million US dollars.
This increases his stake in the iPhone maker to $155.6 billion, making it by far the largest position in the investor's portfolio.
The Berkshire boss is a so-called value investor.
This means that he mainly relies on established and profitable corporations that are in good economic shape, have a strong competitive position and a management team that suits him - and whose shares are undervalued.
This is currently the case above all in the tech sector, where the shares have been under enormous pressure since the beginning of the year due to the high interest rates.
Michael Burry bets on falling Apple price
Other well-known investors, such as
Michael Burry
(50), are currently investing in shares from the undervalued tech industry.
Burry predicted the financial crisis in 2007 and gained international fame as a result.
Even today, his predictions are valued on the financial market.
His entry into the armaments industry, shortly before Russia attacked Ukraine, caused a lot of discussion.
Burry has now bought $18 million worth of Alphabet shares after the Google parent's A shares recently fell 20 percent in value.
He invested a further $18 million in the Facebook group Meta, whose share price has fallen by 40 percent since the beginning of the year.
Burry invested around 19 million dollars in the Dutch online travel agency Booking.com.
As with Buffett, the largest position in Burry's portfolio is currently the iPhone manufacturer Apple.
In total, Burry has so-called put options worth around $36 million on Apple shares.
These options allow the investor to sell Apple stock back to the option seller at a predetermined price.
If Apple stock goes down, his profits will go up.
Burry is therefore betting that the price will continue to fall in the short term: Apple shares have lost more than 15 percent in value since January.
So the two star investors Burry and Buffett are having an exciting competition.
Out of pharma, into oil
Buffett has an estimated net worth of $124 billion.
His father was a stockbroker and Republican congressman.
At the age of eleven, Buffett bought his first shares, and in his early 30s finally bought the then textile company Berkshire Hathaway.
Today, the company is Buffett's empire: it is one of the 20 largest companies in the United States.
The holding company owns a conglomerate of more than 80 companies.
In 2021, Berkshire Hathaway had net income of $90 billion and revenue of $276 billion.
It was already known that Buffett had significantly increased his stake in the energy company Chevron.
At the general meeting in early May, he announced that he had more than tripled the number of shares he held in the energy company.
According to the SEC filing, his stake is now around $26 billion, making it his fourth-largest stake in the capital market.
Buffett also increased his stake in oil company Occidental Petroleum.
The investor, on the other hand, sold shares in the pharmaceutical companies Abbvie and Bristol-Myers Squibb.