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Sunday, July 17, 2022

The Warren Buffett Portfolio -- July 17, 2022

Updates

July 19, 2022:July 19, 2022: BRK purchased another 1.94 million shares of OXY giving the company (BRK) an $11.4 billion stake and putting it nearer a threshold where it could record some of the oil company's earnings with its own. 

  • From below:
    • 143,162,392
    • add 1.94 million
    • = 145,102,392 shares at today's closing price, $62.82 = $9.115 billion, so I don't know the reason for the delta, $9.115 billion vs $11.4 billion (warrants?)

Original Post

BRK: 52 stocks in the portfolio. I read "53" everywhere, but count them at this link. I must have missed one. Unless the 53rd is "BRK" itself.

  • except for AAPL, not one of the other tickers will move the needle over the next five years, with possibly the exception of one (CVX)
  • dollar value, percent of total portfolio:
    • AAPL: 38.4%
    • CVX: 8.2%
    • BAC: 10.7%
    • K: 7.5%
    • AXP: 7.1%

Nothing else comes close.

Two questions / observations: 

  • why does BRK hold 45+ tickers that have no impact whatsoever on his portfolio. I think I have an idea, but I've never seen it discussed. 
  • along that same line, why 40 tickers with less than 1% of entire portfolio. Talk about a lot of distracting background noise.

But this is the bigger observation.

My hunch: Buffett thinks about this every waking moment and in his dreams:

  • in round numbers, he owns 20% of OXY, and possibly more if one throws in warrants, etc; and,
  • despite owning all that OXY, it still represents only 2.8% of his total portfolio (not including BRK shares)
  • in other words, for all the OXY he has bought and all the ink spilled on his obsession with OXY, it doesn't amount to a heck of a lot in the big scheme of things (yet);
  • he could sell forty of his "non-exciting" tickers and buy all of OXY at a huge discount right now
Table:

Ticker

Shares

1Q22

Percent PTFOLIO

Rounds to 0%

Less than 0.5%

Less than 1%

Less than 5%

ATVI

74,187,400

5,742,104,760

1.758%




1

ALLY

8,969,420

346,847,471

0.106%

1

1

1


AMZN

533,300

1,147,565,606

0.351%

1

1

1


AXP

151,610,700

23,232,823,668

7.114%





AON

4,396,000

1,154,873,160

0.354%

1

1

1


AAPL

911,347,617

125,392,318,623

38.394%





BAC

1,032,852,006

34,972,368,923

10.708%





BK

74,346,864

3,254,162,237

0.996%



1

1

BYD

225,000,000

7,499,250,000

2.296%




1

CE

7,880,998

1,187,902,829

0.364%

1

1

1

1

CHTR

3,828,941

1,834,177,607

0.562%



1

1

CVX

159,178,117

26,713,271,595

8.179%





C

52,244,797

2,748,428,651

0.842%



1

1

KO

400,000,000

24,392,000,000

7.469%





DVA

36,095,570

3,408,504,675

1.044%




1

DEO

227,750

41,511,993

0.013%

1

1

1

1

FND

4,780,000

328,051,400

0.100%

1

1

1

1

GM

62,045,847

2,196,422,984

0.673%



1

1

GL

6,353,727

594,454,698

0.182%

1

1

1

1

HPQ

121,092,418

4,195,852,284

1.285%




1

ITOCF

81,304,200

2,309,039,280

0.707%



1

1

JNJ

327,100

57,890,158

0.018%

1

1

1

1

KHC

325,634,818

12,494,607,967

3.826%




1

KR

57,985,263

2,821,562,909

0.864%



1

1

LILA

2,630,792

24,361,134

0.007%

1

11

1

1

LILAK

1,284,020

11,812,984

0.004%

1

1

1

1

FWONK

7,722,451

481,803,718

0.148%

1

1

1

1

LSXMA

20,207,680

812,146,659

0.249%

1

1

1

1

LSXMK

43,208,291

1,729,627,889

0.530%



1

1

MKL

424,343

565,683,166

0.173%

1

1

1

1

MMC

404,911

60,675,913

0.019%

1

1

1

1

MA

3,986,648

1,340,231,325

0.410%

1

1

1

1

MCK

2,921,975

943,388,849

0.289%

1

1

1

1

MDLZ

578,000

35,367,820

0.011%

1

1

1

1

MCO

24,669,778

7,136,226,682

2.185%




1

NU

107,118,784

408,122,567

0.125%

1

1

1

1

OXY

143,162,392

9,056,452,918

2.773%




1

PARA

68,947,760

2,250,454,886

0.689%



1

1

PG

315,400

44,720,566

0.014%

1

1

1

1

RH

2,170,000

582,862,000

0.178%

1

1

1

1

RPRX

1,496,372

59,136,621

0.018%

1

1

1

1

SNOW

6,125,376

866,679,450

0.265%

1


1

1

SPY

39,400

15,351,422

0.005%

1

1

1

1

STNE

10,695,448

99,788,530

0.031%

1

1

1

1

STOR

14,754,811

385,248,115

0.118%

1

1

1

1

TMUS

5,242,000

660,701,680

0.202%

1

1

1

1

UPS

59,400

10,159,776

0.003%

1

1

1

1

USB

144,064,330

7,088,519,899

2.170%




1

VOO

43,000

15,394,860

0.005%

1

1

1

1

VRSN

12,815,613

2,121,752,888

0.650%



1

1

VZ

1,380,111

68,356,898

0.021%

1

1

1

1

V

8,297,460

1,651,443,464

0.506%



1

1











326,592,466,157

 

29

38

39

44

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