How Warren Buffett earns $37 million dollars a day
How Warren Buffett earns $37 million dollars a day

How Warren Buffett earns $37 million dollars a day

Yeng Constantino

21 min
Business & Finance
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<p>Warren Buffett, also known as the Oracle of Omaha for his investing ability, is making some interesting moves in the stock market. &nbsp;Following Buffett's trades could be an easy way to secure a solid long-term portfolio. &nbsp;&nbsp;According to CNBC, Buffett just made a major move in Chevron, which could go a long way: &nbsp;&nbsp;Warren Buffett’s Berkshire Hathaway made a slew of changes to its equity portfolio last quarter. &nbsp;Most notably the legendary investor ramped up his Chevron position by over 30%. &nbsp;Berkshire owned over 38 million shares of Chevron at the end of 2021, about 33% more than what it held in the previous quarter, a regulatory filing revealed. Now the conglomerate’s bet on the energy name, worth about $4.5 billion, is the ninth biggest holding in its equity portfolio, according to InsiderScore.com analysis. &nbsp;Buffett first bought Chevron at the end of 2020, which was largely viewed as a classic value play and a bet on the rebounding economy. The wager has paid off handsomely as the energy stock rallied 39% in 2021 and has gained another 16% year to date. Chevron also pays a 4.2% dividend. &nbsp;The conglomerate also scooped up a timely 14.7 million shares of Activision Blizzard in the fourth quarter, before the video game agreed to an acquisition by Microsoft. Activision enjoyed a big rally this year, up 22.5%, after the announcement of the $68.7 billion all-cash deal.</p>

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