Amid Market Volatility, Warren Buffett Goes On A $51 Billion 'Stock Shopping' Spree!

Most investors around the world are panicking amid the market bloodbath and volatility over the past few months, but 91-year-old Warren Buffett seems to be rather enjoying this rollercoaster market phase.

Perhaps that is why he is one of the greatest investors the world has ever seen.

On Monday, Warren Buffett's company Berkshire Hathaway revealed its investment moves which were done in the first quarter of 2022, i.e. Jan-March 2022. In that period, the company spent more than $51 billion on stocks.

Warren Buffett had invested heavily in Chevron, Occidental Petroleum, and HP Inc. during the first quarter of 2022, while picking up nearly 4 million more Apple shares and betting that Microsoft's acquisition of Activision Blizzard will go through, as per a CNBC report.

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Last week, Warren Buffett reportedly earned a massive dividend of $208,738,745.03 (approximately ?1617.23 crores) from Apple for the last quarter of Jan-March 2022 after Apple had declared that dividend payment to shareholders was done on 12th May 2022.

Monday's Securities and Exchange Commission (SEC) filing also revealed the billionaire¡¯s new stakes in Citigroup, Ally Financial, media company Paramount Global, insurer Markel, chemical maker Celanese Corp., and pharmaceutical distributor McKesson Corp.

Citigroup's shares spiked by over 7% after the SEC filing was revealed.

Berkshire Hathaway also added 2 million General Motors shares to take the tally to 62 million shares of the automaker. All this comes despite the company¡¯s cash pile shrinking to $106 billion from $147 billion in that quarter due to all of its stock purchases.

The filing by Berkshire on Monday did not make it clear which moves were made by Buffett and which investments were made by Berkshire's two other investment managers.

But the former¡¯s chances are higher because Buffett typically handles all the company's larger investments worth more than $1 billion, such as Berkshire's stakes in Apple, Bank of America, and Coca-Cola.

Other Investments By Berkshire

Recent SEC filings have also shown that Berkshire Hathaway has continued buying Occidental Petroleum shares after the first quarter ended and it now holds more than 15% of the oil producer's stock.

Also, Buffett¡¯s Berkshire reportedly sold nearly $10 billion in stocks, including trimming its holdings in grocer Kroger and Verizon Communications and eliminating investments in drugmakers Abbvie and Bristol Myers Squibb.

Besides investments, Berkshire Hathaway owns an eclectic assortment of more than 90 companies, including BNSF railroad, several major utilities, Geico and other insurers, and an assortment of manufacturing and retail companies.

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