Berkshire’s Debt Investments Help Mitigate Q2 Equity Losses; These 5 companies represented 69% of the equity portfolio

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At Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) reported second-quarter results on Saturday that showed higher operating profits. The company reported a huge investment loss for the quarter.

The fair value of Berkshire’s fixed-maturity securities investments was $21.14 billion as of June 30, 2022, compared to $16.43 billion at the end of December 31, 2021, according to data from 10-Q filings.

Holdings of US Treasury, US Crown corporation and agency debt securities increased in fair value from $3.3 billion to $8.7 billion.

Digging into its stock holdings, Berkshire noted that its fair value at the end of June 30, 2022 was $327.7 billion, down from $350.7 billion at the end of 2021.

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Approximately 69% of the overall fair value was concentrated in the following companies:

  • Apple Inc. AAPL – $125.1 billion (down 22.4% from December 31, 2021)
  • Bank of America Corporation BAC – $32.2 billion (down 30%)
  • Coca-Cola Company KO – $25.2 billion (+6.3%)
  • Chevron Corporation CLC – $23.7 billion (2021 NA year-end data)
  • American Express Company AXP – $21 billion (down 15.3%)

Apple, BofA, Coca-Cola and American Express accounted for approximately 73% of aggregate fair value at the end of 2021.

Berkshire noted that in the first six months of the year, it acquired about 17% of Western Oil CompanyOXY shares, having a fair value of $9.3 billion at the end of June.

Berkshire’s Class A shares closed Friday’s session down 0.59% at $439,528.91, according to data from Benzinga Pro.

Photo: Created with an image from Fortune Live Media on flickr

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