Buffett Is Back in Action

Berkshire disclosed ownership of almost 121 million shares, which represents an 11.5% stake in the company. We should get more information in a 13G filing soon.

HPQ is now the eleventh-largest investment for Berkshire, so this is no small bet it’s making. HPQ is rallying more than 10% in the pre-market session on this news.

It’s also worth noting that Buffett has been extra active lately following several years of restraint.

This is his second major purchase in about a month. In early March, he revealed a large position in Occidental Petroleum $OXY, which is worth about $5.3 billion today.

Both of these stocks are in strong uptrends.

Here’s The Hot List, with data through April 6, 2022:

For the fourth consecutive day, we have a Form 4 insider filing by Winder Investment Ltd, which revealed another $2 million purchase in Sensient Technologies Corp $SXT.

The firm has accumulated a total of 5.2 million shares and is now the largest shareholder with a 12% ownership interest.

Another name that stands out is the mid-cap software application company Envestnet $ENV. Impactive Capital LP just disclosed an active ownership position of 5% in a 13D filing.

Interestingly, we also saw a big splash in short-term call options for this name yesterday. Coincidence? Maybe…

There was also bullish flow in Occidental Petroleum $OXY and Lyft $LYFT.

Last but not least, over in Washington there was some activity from Rep. Kurt Schrader of Oregon, who revealed small purchases in a pair of international e-commerce stocks, MercadoLibre $MELI and Sea Limited $SE. This is a bullish bet on the emerging consumer economies in Latin America and Asia.

Stay tuned. We'll be back Friday with more insider action.

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All Star Charts Team