Berkshire Keeps Betting on Itself: $74B in Buybacks as Buffett's Favorite Stock
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Warren Buffett's Berkshire Hathaway has invested over $74 billion buying back its own shares since 2018, making it Buffett's favorite stock to buy.
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Berkshire continues adding to its position in Occidental Petroleum, now owning 248 million shares worth about $15 billion.
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Berkshire also keeps buying more shares of Sirius XM Holdings, which gets most revenue from subscriptions rather than advertising.
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Share repurchases reward long-term Berkshire investors by increasing their ownership stake as the share count declines over time.
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With $167 billion in cash and few bargains in the market, expect Berkshire to keep repurchasing its own undervalued shares.