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The second quarter of 2023 has seen Warren Buffett making significant changes to his investment portfolio. Berkshire Hathaway, his investment firm, reduced its holdings in five companies and took up new stakes in three new firms. The companies that saw a reduction in investments are Activision Blizzard, Globe Life, General Motors, Celanese Corporation, and Chevron Corporation. Cumulatively, the reduction amounted to around .5 billion.

On the other hand, Warren Buffett made new investments in the home building industry, indicating his positive sentiment towards the sector this year. Due to the COVID-19 pandemic and the shift to remote working, there has been a surge in demand for housing in suburban areas. Home builders have capitalized on this trend by offering low interest rates and reducing their margins. As a result, their stocks have performed well in the market. Warren Buffett’s new investments in this category include NVR Inc., Lennar Corporation, and D.R. Horton Inc.

In the second quarter, Warren Buffett also increased his investment in Capital One Financial Corporation by 9 million. In total, he purchased approximately .2 billion worth of shares in four companies, showing significant activity for Berkshire Hathaway’s investment portfolio.

Insider trading has long been a controversial topic in the stock market. Recently, there have been high-profile insider trading scandals, including one involving Pfizer Inc. employee Amit Dagar, who made significant profits trading call options based on non-public information.

Some stocks that are favored by both Warren Buffett and insiders include The Coca-Cola Company, Occidental Petroleum Corporation, and American Express Company.

To compile this list, we analyzed Berkshire Hathaway’s second-quarter investment portfolio and cross-referenced it with Insider Monkey’s insider trading tracker. From this analysis, we identified 24 companies that had seen insider purchases, with the top 15 holdings listed below.

One of the highlighted stocks is Snowflake Inc, a cloud computing company that enables businesses to run data analytics. The firm is expected to report positive earnings for the second quarter of 2023.

Overall, Warren Buffett’s investment strategy focuses on patience and careful selection of companies to invest in. Insider trading, on the other hand, remains a controversial aspect of the stock market.

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