Warren Buffett's $74 Billion Stock Repurchases: A Deep Dive

Warren Buffett's Latest $2.1 Billion Buy Brings His Total Investment in This Stock to More Than $74 Billion in Under 6 Years

Think Apple is Warren Buffett's favorite stock? Think again! He's put roughly twice as much to work buying his favorite stock since mid-2018. For nearly six decades, Berkshire Hathaway CEO Warren Buffett has been putting on a clinic for Wall Street. Whereas the benchmark S&P 500 has delivered a total return, including dividends, of a little north of 33,000% since the 'Oracle of Omaha' took over as CEO in the mid-1960s, Berkshire's Class A shares (BRK.A) have galloped higher by an aggregate of more than 5,000,000% as of the closing bell on Feb. 28, 2024! An outperformance of this magnitude is going to get you noticed by professional and retail investors.

Warren Buffett has been adding to a core position and building up his stake in a value stock

Throughout 2023, the Oracle of Omaha and his investment aides, Todd Combs and Ted Weschler, were very selective about their purchases. One core holding that's continued to see somewhat regular additions is energy stock Occidental Petroleum (NYSE: OXY).

In a market anticipating rising crude oil prices, Warren Buffett's strategic stock purchases and buybacks reflect his continued optimism in the long-term performance and growth of Berkshire Hathaway.