BRK Purchased 2.6 Million Shares OXY In Recent Days -- June 8, 2024

Locator: 47981OXY.

News today:

• Barron's: link here.
• SEC Form 4: link here.
• BRK vs Cathie Wood: link here.
• of note, neither own any Nvidia
• BRK: tech, percent of equity portfolio
• AMZN: 0.54%
• SNOW: 0.3%
• ARKK: tech, percent of equity portfolio
• TSLA: 11.6%
• ZM: 3.1%

BRK / OXY:

• current stake: 250.6 million shares; 28% interest in Occidental.
• bought during last three days of this past week
• $150 million; just under $60 / share
• OXY now accounts for 4.8% of BRK equity portfolio
  
• appears to be averaging down
• as a holder of more than 10% of Occidental, BRK must report any purchases within two days

Ticker:

 

Back of the envelope:

• recent price: $59 / share
• recent high: $69 / share
• (69-59)/59 = 17% appreciation
  
• $10 x 250 million shares = 2500 million dollar appreciation = $2.5 billion
• current equity portfolio: $330 billion
• 2.5 / 330 = 0.007575 = 0.8%

Disclaimer: I often make a lot of mistakes doing back-of-the-envelope calculations. If this is important to you, go to the source.

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Disclaimer Briefly Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple.