Berkshire bought part of the shares this week in multiple transactions and now has an investment of regarding 121 million shares in the computer company, according to a regulatory filing published on Wednesday. “Berkshire Hathaway is one of the world’s most respected investors and we welcome him as an investor in HP,” said an HP spokesman.
The investment giant has been finding more and more ways to put its money to work, helped in part by volatility that has dragged the S&P 500 Index down nearly 6% so far this year.
For decades, Warren Buffett has maintained a fairly conservative approach to investing, favoring retail and banking stocks, while giving a wide berth to more volatile sectors like technology and energy.
In recent years, Buffett has doubled his investments in energy while cutting his holdings in technology and banking even though oil and gas stocks have had high valuations for several years while technology stocks are typically cheaper.
Buffett has bought new shares of Occidental Petroleum Corporation and Chevron despite the fact that both are currently trading at multi-year highs.
The company purchased 118.3 million shares of Occidental Petroleum in multiple transactions from March 12 to 16, bringing its stake in the company to 136.4 million shares, representing approximately 14.6% of its outstanding shares. .
HP now joins your list.
