Buffett's major stock purchases at the end of the year: Shareholding in Occidental Petroleum and several other companies.

Buffett took advantage of the three consecutive declines in U.S. stocks this week to increase his shareholding in several companies. According to regulatory documents, Berkshire Hathaway Inc. purchased an additional 8.9 million shares of Occidental Petroleum (worth $0.405 billion), 5 million shares of Sirius XM (worth $0.113 billion), and $45 million worth of VeriSign stocks between Tuesday and Thursday. Overall, Berkshire invested over $0.56 billion in three days.

wallstreetcnDec 21 11:30

Sirius XM (SIRI) Soars 12.2%: Is Further Upside Left in the Stock?

Zacks Dec 23 20:25

Futu Morning Report | Is a sell-off signal emerging? Buffett takes the opportunity to "sweep up" Occidental Petroleum and two other companies; Tesla's latest announcement: the automated driving taxi Robotaxi is accelerating its advancement.

The "Three Witches" day caused huge fluctuations in the US stock market, as shorts covered their positions leading to a sharp rise during the day, but market volatility may continue into next week; several Federal Reserve officials supported a cautious approach to interest rate cuts next year, relying on data, while Powell's "dovish allies" rarely spoke in a hawkish tone.

Futu NewsDec 23 08:02

Insider Trades: Berkshire Adds OXY, Nvidia & Salesforce Among Notable Names This Week

Seeking AlphaDec 23 01:41

By increasing shareholding in Occidental Petroleum, Buffett has contradicted one of his principles.

According to estimates from Barron's, reducing the shareholding in Apple caused Buffett to miss out on over $35 billion in earnings. Meanwhile, Occidental Petroleum and Sirius XM have both seen significant declines this year, with stock prices consistently below Berkshire's average buying cost. Buffett seems to be "pulling flowers and watering weeds."

Barun ChineseDec 22 09:37

Buffett Violates Own Rule in Buying Occidental Stock -- Barrons.com

Barron'sDec 21 05:39