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What You Might Have Missed: Warren Buffett's Biggest and Brightest

Published 11/20/2022, 07:30 AM
Updated 07/09/2023, 06:31 AM

In the past week, legendary investor Warren Buffett’s company, Berkshire Hathaway (NYSE:BRKa), submitted its first-quarter filing with the Security Exchange Commission, which showed the changes made in its holdings.

Many of the headlines generated by the Nov. 14 disclosure focused on Berkshire Hathaway’s investment in Taiwan Semiconductor Manufacturing (NYSE:TSM). Among the reasons that sparked interest is the fact the chip-maker is widely considered a cyclical growth company, a characteristic that is not a common underpinning of the type of businesses Buffett usually invests in. He is more of a long-term, healthy-dividend-type of stakeholder.

But TSM was not the only cyclical growth firm Buffett took an interest in. There were two others: Louisiana-Pacific (NYSE:LPX), a manufacturer of building materials, and Jefferies Financial Group Inc (NYSE:JEF), a New York-based investment bank and financial services firm.

What did not change in Berkshire Hathaway’s filing? It’s top five holdings: Apple (NASDAQ:AAPL), Bank of America (NYSE:BAC), Chevron (NYSE:CVX), Coca-Cola (NYSE:KO) and American Express (NYSE:AXP).

Just for kicks, let’s take a look at how they did in the past year:

Apple: Shares of the iPhone-maker have lost just under 1.5% in the last 12 months. They hit a 2022 high of $174.69 in March. They closed yesterday at $151.29.

Apple Weekly Chart

Source: Investing.com

Bank of America: Shares of the second-largest bank in the U.S. have lost just over 20.5% in the last 12 months. Hitting a 2022 high of $48.25 in January, they closed yesterday at $37.19.

Bank of America Weekly Chart

Source: Investing.com

Chevron: Shares of the oil giant were one of the stars in the portfolio, having gained almost 58% in the last 12 months. They hit a 2022 high of $189.30 in this past week. It closed yesterday at $182.99.

Chevron Weekly Chart

Source: Investing.com

Coca-Cola: Shares of this beverage-maker have gained 7.65% in the last 12 months. Hitting a 2022 high of $65.72 in May. It closed yesterday at $61.14.

Coca-Cola Weekly Chart

Source: Investing.com

American Express: Shares of the credit-card firm have lost just over 15.55% in the last 12 months. Hitting a 2022 high of $194.89 in February, they closed yesterday at $152.50.

American Express Weekly Chart

Source: Investing.com

In a year like we are having, even Buffett is having his ups and downs. But let’s not kid ourselves, Buffett almost always walks away with more wins than losses.

With Berkshire stock up almost 9% in the past year, compared with the S&P 500, which has lost almost 16% in the same last 12 months, he has had more than a few stocks that have hit it out of the park in 2022.

Among those performing stars – in addition to the previously mentioned Chevron – are Occidental Petroleum (NYSE:OXY) and McKesson (NYSE:MCK).

Occidental has gained almost 126% in the last 12 months. The Houston-based energy company, focused on hydrocarbon exploration and petrochemical manufacturing, has had an incredible run, steadily rising since hitting significant lows in 2020.

Meanwhile, McKesson, which supplies health-care tech and supplies, gained almost 65% in the last year.

Not bad.

Top Winners And Losers Of The Week

Again, for all those out there who are keeping score, here are the top gainers of the past week:

On the S&P 500

  • Ross Stores (NASDAQ:ROST): +11.87%
  • Gap Inc (NYSE:GPS): +11.16%
  • Jack Henry & Associates (NASDAQ:JKHY): +7.5%
  • Lincoln National (NYSE:LNC): +7.07%
  • Enphase Energy (NASDAQ:ENPH): +24.49%

On the NASDAQ Composite

  • Qurate Retail Inc Series A (NASDAQ:QRTEA): +65.92%
  • Tenax Therapeutics Inc (NASDAQ:TENX): +48.35%
  • Kopin Corporation (NASDAQ:KOPN): +32.23%
  • Clearfield (NASDAQ:CLFD): +31.44%
  • Pineapple Holdings Inc (NASDAQ:PEGY): +28.45%

And the biggest losers:

On the S&P 500

  • Advance Auto Parts (NYSE:AAP): -20.86%
  • Albemarle Corp (NYSE:ALB): -14.93%
  • Capital One Financial (NYSE:COF): -14.8%
  • Live Nation Entertainment (NYSE:LYV): -13.59%
  • Align Technology (NASDAQ:ALGN): -11.16%

On the NASDAQ Composite

  • Inotiv Inc (NASDAQ:NOTV): -65.11%
  • Singularity Future Technology Ltd (NASDAQ:SGLY): -58.15%
  • Infinity Pharmaceuticals Inc (NASDAQ:INFI): -48.82%
  • Lumos Pharma Inc (NASDAQ:LUMO): -46.02%
  • Kingstone Companies (NASDAQ:KINS): -45.6%

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