Investing moves from some of the best investors in Q2 2022.
-Superinvestors 13F Holdings Intro
-Warren Buffett & Berkshire Hathaway
-Charlie Munger & Daily Journal
-How Much Li Lu Paid For Alphabet Stocks?
Some of the biggest superinvestor investing activity in Q2022 that stood out to me was how Berkshire Hathaway did way less share repurchases (buybacks) of Berkshire stock with only $1 billion in Q2 2022 compared to the $3.2 billion in Q1 2022. Based on my estimations, they may have bought about $4 billion of equities while selling about $1.4 billion of equities in Q2. They bought and sold much of the same in the second quarter as they held in the first quarter.
Berkshire invested way more into the energy stocks of Occidental Petroleum (OXY) and Chevron (CVX) along with their favorite big tech stock Apple (AAPL). They also like the arbitrage prospects by having invested more into Activision Blizzard (ATVI).
While Berkshire invested a little bit more into Markel, it’s showing their increasing faith in the good work that Tom Gayner’s doing at Markel.
Aside from reducing Daily Journal’s Alibaba (BABA) stake by half in the first quarter, it doesn’t look like the Daily Journal (DJCO) had any public equities activities in Q2. Charlie Munger is probably waiting for stocks to go on sale.
Mohnish Pabrai mainly liquidated Seritage Growth Properties (SRG) while adding to his Rain Industries (Indian chemicals/cement company) position in Q2 2022. I am guessing a majority of his assets are either in cash or in private equity investments because we’re not seeing his assets under management in either his 13F holdings or the international stock holdings.
Guy Spier hasn’t bought anything since last year in Q2 2021, and he has 12 positions unchanged but one big move is he entirely sold out of Twitter. Maybe he doesn’t believe in the plans that Twitter’s management or Elon Musk have for Twitter’s future.
Li Lu’s Himalaya Capital’s 13F filing only shows the American equities held, so we see that Li Lu bought between $400 million to $500 million of Alphabet stock in both ticker symbols GOOG and GOOGL. I’m guessing he paid around $2200-$2300 per share pre-split. And now post-split, if people can get GOOG/GOOGL somewhere below $110 per share, maybe we could buy it at a price lower than what Li Lu paid for it.
Finally the most surprising activity is how bearish Bill Miller’s portfolio appears to be. His position in Alibaba used to be his 9th biggest out of 88 equities, and now Alibaba is Bill Miller’s #1 equity holding out of 82 equities. He had 32 buys to 55 sells in Q2 2022.
What do you think about these investors’ activities, are they bulking up on cash waiting for stocks to go on sale or nah? Let me know in the comments! I’d love to hear from you.
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