Benzinga
  • 7 hours ago
Warren Buffett's Berkshire Hathaway recently capitalized on a December market sell-off, purchasing over $560 million in stocks. The firm acquired over 8 million shares of Occidental Petroleum, raising its stake to over 28%. Berkshire also purchased 5 million shares of Sirius XM, bringing its ownership to approximately 35%. Berkshire acquired shares of VeriSign for $45 million, a smaller investment in a tech stock that has declined 6% this year. Buffett leveraged the market pullback to expand these holdings.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Warren Buffett's Berkshire Hathaway recently capitalized on a December market sell-off,
00:06purchasing over $560 million in stocks. The firm acquired over 8 million shares of
00:11Occidental Petroleum, raising its stake to over 28%. Berkshire also purchased 5 million
00:17shares of SiriusXM, bringing its ownership to approximately 35%. Berkshire acquired shares
00:22of Verisign for $45 million, a smaller investment in a tech stock that has declined 6% this year.
00:29Buffett leveraged the market pullback to expand these holdings.

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