Superinvestor Analysis: What Billionaires Bought in Q2 '22
08/22/2022
As you might have noticed, over the last few weeks I have started incorporating more updates on what major investors, CEOs, and other wealthy people are doing with their money in the new “Mogul Moves” section.
Maybe this sounds obvious, but I think it’s really important to analyze where people with long track records of success are seeing opportunities. Awhile back, I wrote on why owner-operated businesses are proven to outperform. There’s academic evidence that if you simply invest alongside the rich, you can become rich yourself over the long run.
I don’t know of any publication that specifically covers what the fat cats are doing. This week, we focus exclusively on what a few big name investors are doing in the stock market. Going forward, you will see more of this type of coverage. As always, feel free to send any interesting tips my way.
Peace out.
Mike
Q2: Billionaire Buys and Sells
Stocks
Some of the biggest value investors in the U.S. made moves amid the market turmoil, as revealed by second quarter 13F filings.
Warren Buffett: added to Apple AAPL 0.00%↑ , Chevron CVX 0.00%↑ , Activision ATVI 0.00%↑ , and especially Occidental Petroleum OXY 0.00%↑
Berkshire Hathaway just received permission from regulators to buy up to 50% of Occidental’s stock, implying that Buff Daddy plans to keep buying.
Seth Klarman: added to Liberty SiriusXM LSXMK 0.00%↑ LSXMA 0.00%↑ and also opened new positions in New Oriental Education EDU 0.00%↑ and Warner Brothers Discovery WBD 0.00%↑
note that yours truly mentioned EDU 0.00%↑ on the Public investing app a year ago (join here to invest and follow when I trade)
David Einhorn: Continued adding to top positions including CONSOL Eenergy CEIX 0.00%↑, Kyndral $KD, ODP Corp ODP 0.00%↑ , and Capri CPRI 0.00%↑ .
Einhorn also increased his gold holdings through SPDR Gold trust GLD 0.00%↑ in response to rising inflation and interest rates.
Dan Loeb: generated headlines by taking a stake in Disney DIS 0.00%↑ and calling for changes, including a spinoff of ESPN, full ownership of Hulu, and more of the usual activist fare (cost cuts, stock buybacks, debt reduction, and shaking up the board of directors).
Carl Icahn: Increased his position in Southwest Gas SWX 0.00%↑, where he just won four seats on the board and succeeded in firing the CEO.
Icahn believes Southwest Gas is still undervalued, and plans to agitate for a sale of the company further down the line.
Memes and Sarcasm
What do you think of this?
omg I can’t believe I didn’t think of this genius idea
“shareholder value”
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