Activision Blizzard
In early 2022, Mr. Buffett invested in Activision Blizzard, one of the largest video games producers. The Berkshire Hathaway owner saw the firm’s potential after he had found out about Microsoft’s plans to acquire the company. As a result, Warren Buffett’s stake in Activision Blizzard quadrupled. He now owns a 9,5% stake in the video games developer. In early June, Activision traded at $78 per share on the Nasdaq exchange. Should Microsoft strike the deal to purchase the firm, Warren Buffett will yield a low-risk profit of $17 per share.
Floor&Decor
Floor&Decor is Berkshire Hathaway’s second-largest investment this year. In the first quarter of 2022, Mr. Buffett bought 3.9 million shares of the largest US retailer. The company occupies a strong position in the US flooring market. In early June, Floor&Decor’s share value exceeded its profit 30 times. Its shares currently have relatively stable margins, fitting perfectly into Berkshire Hathaway's investment portfolio.
Chevron
In the wake of a global raw material shortage crisis, aggravated by the introduction of anti-Russian sanctions, large oil refineries, in particular Chevron, have come into the spotlight. Warren Buffett sees the benefits of the US oil corporation. Chevron produces 2% of the world's crude annually and is a key player in global energy supply chains. In 2020, Mr. Buffett added Chevron shares to his investment portfolio for the first time. In the first quarter of 2022, he expanded his investment in the oil producer. So, Chevron is the fourth company in Buffett’s investment portfolio.
Occidental Petroleum
Occidental Petroleum is one more oil company the Oracle of Omaha is interested in. The firm is now taking advantage of the crisis caused by the global oil supply issue. In early 2022, Occidental Petroleum shares skyrocketed. Their value has grown by 128% so far, meeting the Berkshire Hathaway owner’s expectations. In the first quarter of this year, Mr. Buffett purchased as many as 136 million shares of Occidental Petroleum. The oil producer’s shares now account for a significant part of Berkshire Hathaway's investment portfolio.
Apple
The shares of tech giant Apple take the lion's share of Berkshire Hathaway's investment portfolio. In early 2022, Warren Buffett owned 887 million shares of the iPhone maker. In the current quarter, the Oracle of Omaha bought additional 4 million shares, thus expanding his stake in Apple to $155.5 billion, which is almost 43% of Buffett’s entire investment portfolio.
HP Inc.
HP Inc. rounds out the ranking of the 6 most profitable stocks chosen by Warren Buffett. Notably, Buffett was reluctant to invest in technology companies at first. However, the legendary investor made an exception for HP Inc. Berkshire Hathaway set an eye on the tech giant owing to its solid profitability. Over the past 5 years, the company has paid dividends on time and generated an annual free cash flow of $4 billion. This amount is estimated to increase to $4.5 billion in 2022, with the free cash flow coming in at 12%.
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