Warren Buffett was a net seller of stocks recently but added or initiated positions in twelve stocks during Q2, including six new names. Buffett has a long history of building stakes across multiple quarters and previously repurchased Berkshire Hathaway shares for many consecutive quarters. Buffett resumed multi-quarter accumulation by buying one particular stock for four straight quarters, indicating strong conviction. Pool (NASDAQ:POOL) emerged as a notable holding; the company distributes pool supplies and equipment to a resilient niche market serving residential and commercial customers.
As his illustrious investing career winds down, Warren Buffett remains one of the most closely watched investors. Although Buffett's been a net seller of stocks in recent years, shedding billions in holdings, he went on a mini buying binge in the second quarter, adding or initiating new positions in a dozen stocks for Berkshire Hathaway ( NYSE:BRK-A)( NYSE:BRK-B), including six brand-new names.
This isn't the first time Buffett has indulged in a buying spree. Over the years, he has methodically built stakes in companies across multiple quarters, a strategy he famously applied even to Berkshire Hathaway's own stock, buying back shares for 24 consecutive quarters before abruptly stopping in last year's second quarter. Now, Buffett seems to be back at it, steadily accumulating one particular stock for four straight quarters, signaling strong conviction.
Warren Buffett has been a net seller of stocks lately, but he bought 12 stocks in Q2, including six new positions. Buffett has a history of building stakes over multiple quarters, even buying back Berkshire Hathaway shares for 25 quarters. He's now consistently buying one stock for four quarters, showing strong conviction in its future. Nvidia made early investors rich, but there is a new class of 'Next Nvidia Stocks' that could be even better.
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