Warren Buffett Adjusts Berkshire Hathaway Portfolio

Warren Buffett's investment strategies continue to attract significant attention, particularly his ongoing support for Occidental Petroleum, which now comprises a $12.9 billion stake in Berkshire Hathaway's portfolio. Analysts project a potential 25% rise in Occidental's stock value over the next year, attributed to the company's robust U.S. oil and gas holdings and innovative carbon capture initiatives. Meanwhile, Buffett's portfolio adjustments in 2024 reveal a reduction in stakes in major companies like Apple and Bank of America, reflecting a cautious approach amidst perceived market risks. Despite these reductions, Buffett maintains a steady interest in Visa, a company he believes possesses strong competitive advantages. Additionally, Brazilian fintech Nu Holdings has emerged as a newer investment, with impressive growth metrics, suggesting diverse opportunities within Berkshire's holdings. Overall, Buffett's movements signal a blend of value investment principles and adaptability in a fluctuating market environment.