![]() ![]() ![]() Taxes and shipping are not included in ACMI and are subject to your card’s variable APR. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.* Monthly pricing is available when you select Apple Card Monthly Installments (ACMI) as payment type at checkout at Apple, and is subject to credit approval and credit limit. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.ĭan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.ĭisclosure: Dan does not trade stocks or other securities. He's also written for Esquire magazine's Dubious Achievements Awards. and contributed to Maxim magazine back when lad mags were a thing. Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. #Market watch apple fullInvestors looking for new stock or sector ideas based on the Oracle's Q2 moves didn't get much, if anything, to work with.ĭan Burrows is a financial writer at Kiplinger, having joined the august publication full time in 2016.Ī long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. STOR, GM and KR don't really move the needle here.Īnd so although Berkshire went on a shopping spree in Q2, it mostly consisted of bargain hunting in a few of Buffett's favorite names. The Berkshire Hathaway portfolio is highly concentrated, after all, with its top five holdings accounting for 75% of the total portfolio value. Ultimately, however, Buffett and his lieutenants had themselves a relatively quiet quarter, making mostly immaterial moves. ![]() Buffett also reduced Berkshire's exposure to General Motors ( GM (opens in new tab), $39.40) and Kroger ( KR (opens in new tab), $47.52). In other stock sales, Berkshire slashed its stake in Store Capital ( STOR (opens in new tab), $29.24) by more than 50%. Berkshire also closed out its short-lived position in Royalty Pharma ( RPRX (opens in new tab), $43.87). On the other side of Berkshire's ledger, the company exited what remained of its small stake in Verizon ( VZ (opens in new tab), $45.55), the only telecommunications stock in the Dow Jones Industrial Average. In some other notable purchases, Berkshire topped off existing stakes in Chevron, Celanese ( CE (opens in new tab), $116.22), Paramount Global ( PARA (opens in new tab), $26.55) and Ally Financial ( ALLY (opens in new tab), $35.68) Naturally, the conglomerate's large and growing position in OXY is fueling speculation that Buffett could be eyeing a buyout of Occidental Petroleum. Including warrants, Berkshire owns roughly 30% of OXY's shares outstanding. The holding company again added to its stake in July, buying another 4.3 million OXY shares worth $250 million. Berkshire bought an additional 9.6 million shares – worth about $530 million – in the integrated oil and gas firm in late June. That's down from 43% at the end of the first quarter due to a slump in Apple's share price.īuffett has also been aggressively adding to Berkshire's stake in Occidental Petroleum. ![]() AAPL accounted for 41% of Berkshire's portfolio value at the end of Q2. The company owned nearly 895 million shares in the iPhone maker, a stake worth $122.3 billion as of June 30. ![]()
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