Subject: Re: 13F : More Chevron
Stake Increases:
Chevron Corp (CVX): CVX is a large (top five) 5.41% of the portfolio position purchased in Q3 2020 at prices between ~$72 and ~$91. Q1 2021 saw a ~50% selling at prices between ~$85 and ~$112 while in Q3 2021 there was a ~25% stake increase at prices between ~$94 and ~$106. That was followed with another one-third increase next quarter at prices between ~$102 and ~$119. Q1 2022 saw a whopping ~315% stake increase at prices between ~$119 and ~$171. The last three quarters saw a one-third selling at prices between ~$150 and ~$188. There was a ~14% stake increase this quarter at prices between ~$142 and ~$169. The stock currently trades at ~$151.

Note 1: Berkshire has a ~6.2% ownership stake in the business.

Note 2: Berkshire likely avoided disclosing these stakes in the Q3 2020 13F filing by making use of the “section 13(f) Confidential Treatment Requests”. An amendment filed later disclosed the activity.