Warren Buffett does not make many big trades but acts quickly and with conviction when he does.
His holding company, Berkshire Hathaway, rarely buys more than 5% in any single business, preferring to hold smaller stakes in a wide range of companies while concentrating its bets on the top holdings, such as Apple, Coca-Cola, and American Express.
However, over the past two years, one company has emerged as Buffett's favorite: Occidental Petroleum.
Q1 2023 hedge fund letters, conferences and more
Buffett and Occidental
Buffett began his association with this company in 2019 when Berkshire helped fund Occidental's purchase of Anadarko Petroleum Corp. It gave the business $9.5 billion in preferred shares, which...
