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As you’re undoubtedly aware, publicly-traded stocks make up a large portion of super investor Warren Buffett’s Berkshire Hathaway (BRK.B) .
The company owns more than 40 positions with a market value near $300 billion, close to one-third of Berkshire’s $984 billion market capitalization. So, these holdings matter to the company.
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Warren Buffett's massive investment portfolio
Berkshire’s realized and unrealized gains on its stock holdings totaled $20 billion in the first half of this year.
Buffett recommends ignoring the unrealized gains/losses, as their impact on Berkshire is uncertain. It posted an unrealized loss of $37.9 billion for the first six months.
Many investors have done quite well mimicking Buffett’s stock picks. Berkshire’s biggest holdings, according to Berkshire Hathaway's second-quarter 13-F report with the Securities and Exchange Commission, include:
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Apple (AAPL) , market value: $84 billion.
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American Express (AXP) , market value: $35 billion.
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Bank of America (BAC) , market value: $32 billion.
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Coca-Cola (KO) , market value: $25 billion.
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Chevron (CVX) , market value: $19 billion.
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Occidental Petroleum (OXY) , market value: $16 billion.
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Kraft Heinz (KHC) , market value: $10 billion.
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Moody’s MCO, market value: $10 billion.
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Insurer Chubb (CB) , market value: $7 billion.
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Japanese trading company Mitsubishi (listed in Japan), market value: $7 billion.
The scuttle on Berkshire’s Occidental Position
Berkshire established its Occidental position in 2019, helping to fund the company’s $38 billion purchase of Anadarko Petroleum.
Buffett has expressed admiration for Occidental’s Chief Executive Vicki Hollub and has spoken highly of the company’s carbon-capture strategies. Berkshire and Occidental formed a joint venture to extract lithium in California.
Related: Top Berkshire Hathaway Exec makes major stock decision
Occidental shares have traded roughly in line with crude oil prices over the past five years. The stock skyrocketed more than eight-fold from October 2020 to November 2022 but has stalled since then.
Shares have slumped 21% in the last six months amid falling oil prices, to $51.30 as of Monday. This has led several Wall Street analysts to lower their Occidental stock price forecast.
Analysts’ update Occidental stock price targets
Morgan Stanley analysts cut their price target to $71 from $74 while keeping their overweight rating.
Sliding oil prices, slowing inflation, and Federal Reserve interest-rate cuts "all present headwinds for performance," the analysts wrote in a commentary on Sept. 16, cited by The Fly.