Despite Buffett overseeing stakes in nearly four-dozen securities, the lion's share of Berkshire's invested assets have been put to work in seven top ideas.

The Berkshire Hathaway CEO spent more than $400 million on Occidental Petroleum shares, which just hit a nearly three-year low amid fears that oil prices may keep falling.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Long-time investors and Warren Buffett mavens are familiar with his quote,

Backing up the truck to buy a beaten-down stock. Buffett is a value investor at heart. He likes to buy stocks when they trade below their intrinsic value. For Occidental Petroleum

Warren Buffett went on bit of a shopping spree in the stock market before Christmas, picking up shares of Occidental Petroleum among others during a swift December sell-off. Berkshire Hathaway purchased additional 8.

The purchases were made Tuesday through Thursday. The Occidental Petroleum buy was the first since June, suggesting Berkshire CEO Warren Buffett now finds the stock attractive.

Occidental has been a Buffett favorite since 2022, and he touted the company's competitive advantages in his recent letter to Berkshire shareholders. Most investors on the hunt for dividend-paying value stocks would be wise to make the same purchase.

Billionaire Warren Buffett 's investment firm went on a buying spree this week, sweeping up shares of Occidental Petroleum, Sirius XM Holdings, and VeriSign, Barron's reported, citing filings with the Securities and Exchange Commission.