Warren Buffett goes on his biggest buying spree since crash

US business magnate Warren Buffett. Photo: Mario Anzuoni

Katherine Chiglinsky

After complaining for years that high valuations were thwarting his stock-buying efforts, Warren Buffett’s Berkshire Hathaway is back hoovering up other companies’ shares.

The conglomerate made roughly $41bn (€38.8bn) of net purchases in the first quarter, including a boost to its Chevron stake that vaulted the investment into Berkshire’s top four common stock holdings. Mr Buffett also disclosed that the company now holds an expanded 9.5pc stake in Activision Blizzard stock – an arbitrage bet on the video- game maker in the midst of being acquired by Microsoft.