Warren Buffett’s Berkshire Hathaway Has Spent $77.5 Billion Buying This Stock Since 2018

Warren Buffett’s Berkshire Hathaway Has Spent .5 Billion Buying This Stock Since 2018

Warren Buffett is the head of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B). Since 1965, he has led the investment firm to a staggering return of 4,384,748%, which could have turned $1,000 into more than $43 million. In comparison, the same investment in S&P500 would have brought in only $312,230 over the same period.

Berkshire wholly owns a number of privately held companies, such as GEICO, Dairy Queen and Duracell. But it also manages a portfolio of 47 publicly traded stocks and securities worth $372.3 billion, which includes stakes in Apple, Coca-ColaAnd Bank of America.

Berkshire spent around $38 billion accumulate Apple shares since 2016. He has sold some over time, but his stake is now worth a whopping $150.2 billion, or 40.3% of the conglomerate’s portfolio. This is by far the most important position in Berkshire.

However, it spent almost twice as much – $75 billion – buying shares of another company between 2018 and 2023: Berkshire Hathaway.

Warren Buffett’s Berkshire Hathaway Has Spent .5 Billion Buying This Stock Since 2018

A chart showing Berkshire Hathaway’s annual share repurchases.

Stock buybacks are a popular way for companies to return capital to shareholders. Berkshire had $189 billion in cash as of March 31, and it’s not easy for a company of this size to find quality investments large enough to keep things moving. As a result, Buffett chose to devote part of it to buybacks.

Berkshire spent another $2.6 billion buying back shares during the first quarter of 2024, bringing the total to $77.5 billion since 2018. And it will likely continue buying back shares for the foreseeable future.

You could say Buffett is betting billions of dollars on himself. With his brilliant record of 58 years, why wouldn’t he?

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Bank of America is an advertising partner of The Ascent, a Motley Fool company. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool holds positions and recommends Apple, Bank of America and Berkshire Hathaway. The Motley Fool has a disclosure policy.

Warren Buffett’s Berkshire Hathaway has spent $77.5 billion buying these stocks since 2018 was originally published by The Motley Fool

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