
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway (BRK.B), has once again captured Wall Street's attention with his latest portfolio moves. In the second quarter of 2024, Berkshire Hathaway's 13F filing revealed that Buffett was once again a net seller of stocks, as the conglomerate continued to trim its stake in tech giant Apple (AAPL), as well as other top holdings like Bank of America (BAC) and Chevron (CVX).
However, as Buffett trims some high-profile holdings, he's also upping the ante on some others - like Occidental Petroleum (OXY) and Chubb Limited (CB), which were among the few investments that Berkshire added to during the second quarter. Let's examine why these companies have captured Buffett's attention, and whether investors might want to follow suit by scooping up shares of OXY and CB around current levels.