Berkshire Debt Investments Help Mitigate Q2 Equity Losses; These 5 companies represented 69% of the equity portfolio
Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) reported second-quarter results on Saturday that showed higher operating profits. The company reported a huge investment loss for the quarter.
The fair value of Berkshire's fixed-maturity investments was $21.14 billion at June 30, 2022, compared to $16.43 billion at the end of December 31, 2021, data from 10-Q deposits show.
Holdings of US Treasury, government corporations and US agency debt securities increased in fair value from $3.3 billion to $8.7 billion .
Digging into its stock holdings, Berkshire noted that the fair value of these at the end of June 30, 2022 was $327.7 billion, down from $350.7 billion dollars by the end of 2021.
Click to read Warren Buffett's favorite dividend stocks
About 69% of the overall fair value was concentrated in the following companies:
Apple, Inc. AAPL - $125.1 billion (down 22.4% from December 31, 2021) Bank of America Corporation BAC - $32.2 billion (down 30%) Coca-Cola Company KO - $25.2 billion (up 6.3%) Chevron Corporation CVX - $23.7 billion (2021 year-end data NA) American Express Company AXP - $21 billion (down 15.3%)Apple, BofA, Coca-Cola and American Express accounted for approximately 73% of total fair value at the end of 2021.
Berkshire noted that in the first six months of the year, it acquired approximately 17% of Occidental Petroleum CorporationOXY shares, having a fair value of $9.3 billion. dollars at the end of June.
Berkshire's Class A shares closed Friday's session down 0.59% at $439,528.91, according to data from Benzinga Pro.
Photo: Created with an image from Fortune Live Media on flickr
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: Rate information is obtained by Bankrate from listed institutions. Bankrate cannot guarantee the accuracy or availability of the rates shown above. Institutions may have different rates on their own websites than those displayed on Bankrate.com. The listings that appear on this page are from companies that this website receives compensation from, which may impact how, where and in which order products appear. This table does not include all companies or products available.
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Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) reported second-quarter results on Saturday that showed higher operating profits. The company reported a huge investment loss for the quarter.
The fair value of Berkshire's fixed-maturity investments was $21.14 billion at June 30, 2022, compared to $16.43 billion at the end of December 31, 2021, data from 10-Q deposits show.
Holdings of US Treasury, government corporations and US agency debt securities increased in fair value from $3.3 billion to $8.7 billion .
Digging into its stock holdings, Berkshire noted that the fair value of these at the end of June 30, 2022 was $327.7 billion, down from $350.7 billion dollars by the end of 2021.
Click to read Warren Buffett's favorite dividend stocks
About 69% of the overall fair value was concentrated in the following companies:
Apple, Inc. AAPL - $125.1 billion (down 22.4% from December 31, 2021) Bank of America Corporation BAC - $32.2 billion (down 30%) Coca-Cola Company KO - $25.2 billion (up 6.3%) Chevron Corporation CVX - $23.7 billion (2021 year-end data NA) American Express Company AXP - $21 billion (down 15.3%)Apple, BofA, Coca-Cola and American Express accounted for approximately 73% of total fair value at the end of 2021.
Berkshire noted that in the first six months of the year, it acquired approximately 17% of Occidental Petroleum CorporationOXY shares, having a fair value of $9.3 billion. dollars at the end of June.
Berkshire's Class A shares closed Friday's session down 0.59% at $439,528.91, according to data from Benzinga Pro.
Photo: Created with an image from Fortune Live Media on flickr
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: Rate information is obtained by Bankrate from listed institutions. Bankrate cannot guarantee the accuracy or availability of the rates shown above. Institutions may have different rates on their own websites than those displayed on Bankrate.com. The listings that appear on this page are from companies that this website receives compensation from, which may impact how, where and in which order products appear. This table does not include all companies or products available.
All rates are subject to change without notice and may vary by location. These quotes are from banks, savings and credit unions, some of which have paid for a link to their own websites where you can find additional information. Those who have a paid link are our advertisers. Those without a paid link are listings we obtain to enhance consumers' shopping experience and are not advertisers. To receive the Bankrate.com rate from an advertiser, please identify yourself as a Bankrate customer. Bank and savings deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
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