Warren Buffett's holding company, Berkshire Hathaway (BRK.B), has revealed a new stake in Taiwan Semiconductor (TSM).
Omaha, Nebraska-based Berkshire Hathaway bought 60 million shares of Taiwan Semiconductor worth more than $4.1 billion U.S. during this year’s third quarter, according to the company’s latest regulatory filing made with the U.S. Securities and Exchange Commission (SEC).
Taiwan Semiconductor is the world's biggest chipmaker. It recently issued better-than-expected third quarter results. Year-to-date, TSM stock is down 44% and trading at $72.80 U.S. per share.
In addition to Taiwan Semiconductor, Berkshire Hathaway also opened new positions in Louisiana Pacific (LPX) and Jefferies Financial Group (JEF) during Q3.
Berkshire bought 5.8 million shares of LPX stock worth nearly $300 million U.S. and 433,000 shares of JEF stock worth $13 million U.S.
During the third quarter, Berkshire Hathaway also grew its existing stakes in several stocks, including Occidental Petroleum (OXY) by 22%; Paramount Global (PARA) by 16%; RH (RH) by 8%; and Chevron (CVX) by 2%.
Warren Buffett’s company dumped its entire stake in Store Capital (STOR) and reduced existing holdings in U.S. Bancorp (USB) by 55%, Bank of New York Mellon (BK) by 14%, Activision Blizzard (ATVI) by 12%, General Motors (GM) by 5%, and Kroger (KR) by 4%.
Overall, Berkshire Hathaway was a net buyer of stocks in Q3. The conglomerate's top stock holding by market value remains Apple (AAPL). However, Bank of America (BAC) is Berskshire’s largest stock by number of shares held.
In addition, American Express (AXP), Coca Cola (KO) and Kraft Heinz (KHC) count among Buffett's top five stock holdings.
Berkshire Hathaway repurchased $1.05 billion U.S. of its own shares during Q3. The company’s stock is up 3% this year at $308.91 U.S. per share, outperforming the broader market.
