Warren Buffett Makes Major Investments After Selling Apple and Bank of America Shares – BitRss

Warren Buffett, the chairman and CEO of Berkshire Hathaway, has made significant new investments after raising a substantial amount of cash by selling shares of Apple and Bank of America. According to recent SEC filings, Buffett has invested a total of $563 million across three different companies.

Investment in Occidental Petroleum

Buffett purchased $405 million worth of Occidental Petroleum (OXY) shares. Occidental Petroleum is an energy company engaged in oil and gas exploration and production on a global scale. The company is also investing in chemicals and low-carbon projects. OXY shares have lost 21% of their value since the beginning of 2024.

Acquisition of Sirius XM Holdings

Buffett invested $113 million in shares of Sirius XM Holdings (SIRI). Sirius XM provides satellite and radio services throughout North America. The company’s stock has dropped 57% since the start of 2024.

Additionally, Buffett invested $45 million in VeriSign (VRSN) shares. VeriSign is a global company offering domain name registration services and internet security solutions. VRSN shares have decreased by 1.35% this year.

Buffett completed the purchasing process for these three companies last week, and Berkshire Hathaway must report these purchases since it now holds over 10% of each company. These investmen…