Warren Buffett's 13F for Q4/2023 - what has he bought and sold?

13F reflects the holdings and I have highlighted some of the interesting activities (sales & purchases). As these took place in Q4/2023, it cannot be a timely tool but it helps to identify concerns and opportunities seen by these great investors.

Now. let us start with Mr Buffett (from Berkshire Hathaway).

Warren Buffett - Berkshire Hathaway

Observations:

• Buffett continues to add Chevron and Occidental (oil & gas) into his portfolio. This implies that oil & gas are here to stay and these could be at good “attractive prices”.

• It is interesting to see the trimming of Apple holdings. Since it is (merely) 1.09% of its holdings, it could just be some profit-taking, and portfolio re-balancing.

• However, Buffett has sold all positions for D R Horton, Markel Group, StoneCo, and Globe Life. It is interesting as Berkshire typically holds its portfolio over a great length of time. Does this speak “pessimistically” for the sectors such as real estate and construction?

• They have also reduced significantly their holdings in Paramount (news and media) and HP Inc. I do not think that these are reduced because of short-term volatility and maybe it is worth our time to look into the earnings and review its competitive advantages.

@TigerStars

$Paramount Global(PARA)$

$Berkshire Hathaway(BRK.B)$

$Apple(AAPL)$