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Buffett's latest portfolio additions, trims and cuts in Q3

illustration of warren buffett with stock chart in background

Key Points

  • Buffett's Berkshire Hathaway acquired a fresh stake of 9.68 million shares in Sirius XM Holdings.
  • Berkshire initiated fresh positions in Atlanta Braves Holdings and Liberty Live Group.
  • Buffett reduced holdings in companies like HP, Chevron, Amazon, and AON while maintaining substantial investments in Apple and Bank of America.
  • Five stocks to consider instead of General Motors.

Warren Buffett is widely regarded as the most well-known, famous, and successful investor of all time. As such, his investment decisions and changes to his holdings are closely monitored and highly anticipated by the investing community. 

His company, financial heavyweight Berkshire Hathaway NYSE: BRK.B, discloses its current holdings to its shareholders each quarter in a 13F regulatory filing with the Securities and Exchange Commission (SEC). 

So, let's take a closer look at the latest changes now that the 13F has been filed with the SEC, Buffett and his company, Berkshire, made in the third quarter across several sectors, including technology, energy, and the financial sector.

Latest additions for Buffett and Berkshire

Sirius XM Holdings NASDAQ: SIRI

Buffett's Berkshire Hathaway acquired a fresh stake of 9.68 million shares in Sirius XM Holdings, the renowned satellite radio provider. This strategic move amounted to approximately $43.8 million in value by the close of the third quarter. SIRI is not a favorite amongst analysts and is currently on the Lowest-Rated Stocks list. The stock has a P/E of 16.28 and dividend yield of 2.11%

Atlanta Braves Holdings NASDAQ: BATRK

Berkshire Hathaway also secured a newfound position in Atlanta Braves Holdings, a recently spun-off entity from Liberty Media. This company holds ownership over the esteemed baseball team and associated real estate. Berkshire's investment accounted for almost 224,000 shares, valued at approximately $8 million.

Liberty Live Group NASDAQ: LLYVK

Buffett's company started a new position in Liberty Live Group, which holds an interest in the Live Nation entertainment company and other minority investments. Berkshire purchased both the Series A and Series C common stock, and the combined position was worth $518.6 million.

Positions trimmed and closed

During the third quarter, Buffett and his company closed out their relatively small positions in several household and consumer names, including Johnson & Johnson, Procter & Gamble, United Parcel Service, and Mondelez International.

Perhaps unsurprisingly, Berkshire closed its position in General Motors after cutting it by 45% in the second quarter. 

Here's a closer look at some positions that Berkshire trimmed:

HP NYSE: HPQ

During the third quarter, Berkshire trimmed its investment in the computer manufacturer HP by 15.2 percent. Presently, the company holds approximately 102.5 million shares, valued at over $2.6 billion.

Chevron NYSE: CVX

Berkshire diminished its holdings in Chevron, decreasing its stake by approximately 10.5 percent to around 110.2 million shares by the end of September. Chevron stands out among Berkshire's five significant holdings, offering a dividend yield of 4.15% and a P/E of 10.81. Unsurprisingly, CVX is one of the Top-Rated Dividend stocks around. 

Amazon NASDAQ: AMZN

Berkshire also scaled back its position in the online retail giant Amazon, reducing it by 5.2 percent to 10 million shares. As of the quarter's conclusion, this adjusted position was valued at nearly $1.3 billion.

Aon NYSE: AON

In the third quarter, Berkshire adjusted its investment in Aon, a professional services firm, reducing its stake by 5.4 percent. Nevertheless, Buffett and his team still maintain ownership of a stake valued at over $1.3 billion as of the quarter's conclusion.

Berkshire also reduced its holdings in Markel, Globe Life, and Celanese Corp. As of the end of the third quarter, Apple remained Berkshire's top holding by a long shot, with its stake in the giant valued at $156.8 billion. Bank of America is Berkshire's second top holding at $28.3 billion, and American Express is third at $22.6 billion. 

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Ryan Hasson
About The Author

Ryan Hasson

Contributing Author

Technical Analysis, Market Sentiment, Risk Management

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Berkshire Hathaway (BRK.B)
2.1737 of 5 stars
$492.770.4%N/A16.89Buy$575.00
Berkshire Hathaway (BRK.A)
0.7183 of 5 stars
$739,299.470.4%N/A16.89N/AN/A
Sirius XM (SIRI)
4.3492 of 5 stars
$23.12-0.7%4.67%-3.43Hold$26.18
Atlanta Braves (BATRK)
3.171 of 5 stars
$41.630.3%N/A-118.94Moderate Buy$57.00
Amazon.com (AMZN)
4.8559 of 5 stars
$231.62-1.0%N/A35.31Buy$263.30
AON (AON)
4.7773 of 5 stars
$358.070.4%0.83%29.99Moderate Buy$414.69
General Motors (GM)
3.9432 of 5 stars
$58.740.5%1.02%9.32Moderate Buy$59.00
Liberty Media Corporation - Liberty Live Series C (LLYVK)
0.5744 of 5 stars
$99.600.5%N/A-31.92HoldN/A
Johnson & Johnson (JNJ)
4.6986 of 5 stars
$176.980.3%2.94%18.93Moderate Buy$177.87
Procter & Gamble (PG)
4.5798 of 5 stars
$160.151.3%2.64%24.60Moderate Buy$173.94
United Parcel Service (UPS)
4.9712 of 5 stars
$84.15-1.2%7.80%12.52Hold$112.34
Mondelez International (MDLZ)
4.6732 of 5 stars
$62.830.2%2.99%23.01Moderate Buy$72.00
HP (HPQ)
4.4321 of 5 stars
$27.900.6%4.16%10.18Hold$29.38
Chevron (CVX)
4.636 of 5 stars
$159.980.3%4.28%20.59Hold$165.05
Amazon.com (AMZN)
4.8559 of 5 stars
$231.62-1.0%N/A35.31Buy$263.30
AON (AON)
4.7773 of 5 stars
$358.070.4%0.83%29.99Moderate Buy$414.69
Markel Group (MKL)
3.2099 of 5 stars
$1,925.250.4%N/A11.55Hold$1,820.33
Globe Life (GL)
4.8116 of 5 stars
$142.581.2%0.76%11.40Moderate Buy$152.45
Celanese (CE)
4.5734 of 5 stars
$45.11-0.7%0.27%-3.04Hold$57.22
Apple (AAPL)
4.709 of 5 stars
$238.990.4%0.44%36.27Moderate Buy$241.93
Bank of America (BAC)
4.8089 of 5 stars
$51.361.4%2.18%15.02Moderate Buy$50.61
American Express (AXP)
4.243 of 5 stars
$335.872.7%0.98%23.57Hold$315.20
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