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Warren Buffett, chairman and CEO of Berkshire Hathaway.
Saul Loeb/AFP via Getty Images
Warren Buffett went on a buying spree in the stock market during the first quarter, when
Berkshire Hathaway
purchased $51 billion of equities, a quarterly record for the company.
Investors will be interested to see if Berkshire Hathaway (tickers: BRK/A, BRK/B) took advantage of the stock market’s drop in the second quarter to add to its $390 billion equity portfolio. The numbers should be available, along with details that can help investors assess the stock’s valuation, when Berkshire reports its second-quarter results on Aug. 6.
Whether Berkshire added to its huge stake in
Apple
(AAPL) during the period will receive lots of attention, too. Berkshire, headed by Buffett, bought about three million shares of the iPhone maker in the first quarter when the stock dipped into the $150s. The stock traded as low as $130 in the second quarter, which gave Buffett a potential opportunity to add to Berkshire’s largest equity investment.
Berkshire held 911 million shares of Apple at the end of the first quarter, a stake now worth about $148 billion with Apple rallying lately to $162. The overall equity purchases and sales and Berkshire’s Apple investment will be disclosed in Berkshire’s quarterly 10-Q filing, which is normally available at the same time as the company’s earnings release.
Berkshire added to its stake in
Occidental Petroleum
(OXY) in the second quarter and now holds about $12 billion of the energy company, Berkshire’s filings…
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