5 Stocks Warren Buffett is Selling - Insider Monkey

5 Stocks Warren Buffett is Selling

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In this article, we discuss the 5 stocks Warren Buffett is selling. If you want to read our detailed analysis of Buffett’s history, and hedge fund performance, go directly to the 10 Stocks Warren Buffett is Selling.

5. Chevron Corporation (NYSE: CVX)

Number of Hedge Fund Holders: 41  

Chevron Corporation (NYSE: CVX)  is an energy company based in California. It is ranked fifth on our list of 10 stocks Warren Buffett is selling. The stock has returned 21% to investors in the past year. Buffett had trimmed stake in the company by 52% at the end of March compared to the holding at the end of December last year. Berkshire Hathaway, at the end of the first quarter of 2021, owned 23.6 million shares in the company worth over $2.4 billion, representing 0.91% of the investment portfolio. 

On July 8, Chevron Corporation (NYSE: CVX) announced that it was teaming up with other oil firms on a project that would use satellite imaging to detect methane gas leaks at offshore energy facilities. 

At the end of the first quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $4.8 billion in Chevron Corporation (NYSE: CVX), down from 50 in the preceding quarter worth $5.3 billion. 

In its Q1 2021 investor letter, ClearBridge Investments highlighted a few stocks and Chevron Corporation (NYSE: CVX) was one of them. Here is what the fund said:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names, (including) Chevron. We are positive on the company’s strong balance sheets, competitive positions and exposure to an economic recovery.”

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