Warren Buffett, the leader of Berkshire Hathaway, has made significant investments after selling shares in Apple and Bank of America. Recent SEC filings reveal an allocation of $563 million into three different companies.
Investment in Occidental Petroleum
Buffett funneled $405 million into Occidental Petroleum, a global player in oil and gas exploration and production. The firm is also delving into chemicals and low-carbon initiatives. Despite its potential, OXY shares have seen a 21% decline in value since the start of 2024.
Investment in Sirius XM
In addition, Buffett committed $113 million toward Sirius XM Holdings, which provides satellite radio services across North America. The stock has experienced a steep fall, plummeting 57% since the beginning of the year.
Investment in VeriSign
Buffett also invested $45 million into VeriSign, a company specializing in domain name registration and internet security. This stock has dipped slightly by 1.35% in 2024. These acquisitions occurred last week, and due to Berkshire's ownership exceeding 10% in each company, they are required to report these purchases.
Buffett's investments reflect a strategy to diversify across various sectors, including energy, media, and internet security, potentially boosting his confidence amid current market volatility.
