Dividends4Life: 4 Stocks Warren Buffett Probably Bought in March

4 Stocks Warren Buffett Probably Bought in March

Posted by D4L | Monday, April 20, 2020 | | 0 comments »

Though there's a good chance your portfolio has taken a pounding of late, it probably pales in comparison to the paper losses Warren Buffett has racked up in six-plus weeks. Since the market peaked, Buffett's investment portfolio at Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) has lost approximately $87 billion in market value, through April 2. While we won't know the full gamut of companies that Buffett purchased until mid-May, which is when Berkshire Hathaway will file its 13F with the Securities and Exchange Commission, I consider it highly likely that the Oracle of Omaha added to his existing positions in the following four stocks in March...

I'd be very surprised if Buffett didn't put at least some of his capital to work in money-center bank JPMorgan Chase (NYSE:JPM) last month. Perhaps the only other big bank that can really rival JPMorgan Chase in the performance department is U.S. Bancorp (NYSE:USB). Berkshire Hathaway held an 8.7% stake in the company at the end of 2019, leaving enough room for Buffett to add to the position without crossing the 10% ownership threshold. Having first taken a position in grocery store chain Kroger (NYSE:KR) during the fourth quarter of 2019, I find it highly likely that Berkshire Hathaway will have further grown that stake during the first quarter (and likely in March). Finally, don't be surprised if Buffett nibbled on what's been a favorite value stock of late, General Motors (NYSE:GM).

Source: Motley Fool

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