Warren Buffett‘s Berkshire Hathaway spent $9 billion on stock market in third quarter

Warren Buffet's company Berkshire Hathaway has spent almost $66 billion on the stock market in the first nine months of this year. It has spent 13 times more than in 2021. Berkshire Hathaway bought $9 billion worth of stock in the third quarter.

The company will invest roughly one-third of the money in energy companies Occidental Petroleum Corporation and Chevron Corporation. Berkshire's investments will be clearer once the market closes on Monday and it fills the 13F form. It is mandated for every institutional investor that manages more than $100 million to fill in the form at the end of every quarter.

The 13F form is used to ensure transparency of equity holdings by large money managers. After a rough year for the stock market, Berkshire had taken full advantage by buying energy stocks when they were trading low. Due to Russia's invasion of Ukraine, oil prices have increased significantly, and energy stocks dominate the stock market. Berkshire also owns significant stakes in Bank of America Corp and American Express Co.

FAQs:

1. How much has Berkshire Hathaway spent on the stock market this year?
   Berkshire Hathaway has spent $66 billion on the stock market this year.
2. In which energy companies has Berkshire invested?
   Berkshire has invested in Occidental Petroleum and Chevron.
3. How many shares does Berkshire have in Chevron?
   Berkshire owns $24.4 billion shares in Chevron, which is its third-biggest stockholding.