As the summer days fade, we are beginning to feel the chill of approaching fall. However, one thing that’s not cooling off is the fervent stock purchases by Rep. Marjorie Taylor Greene, the Republican from Georgia.
Building on her recent stock acquisitions from early September, Greene has expanded her investment portfolio, revealing in a fresh regulatory filing that she purchased Alphabet (NASDAQ: GOOG), (NASDAQ: GOOGL), Berkshire Hathaway (NYSE: BRK.A), (NYSE: BRK.B), Intel (NASDAQ: INTC), Microsoft (NASDAQ: MSFT), Southern Copper (NYSE: SCCO), and United Parcel Service (NYSE: UPS). While the precise amount Greene invested in each stock remains undisclosed, her regulatory submission indicates that every transaction was valued between $1,001 and $15,000.
Continuous AI Investment Activity
Similar to many investors, Greene has shown remarkable enthusiasm for artificial intelligence (AI) stocks in recent months. Alphabet, in particular, has consistently featured on Greene’s buy list. Her latest acquisition of Alphabet shares on Sept. 20 marks her third purchase of the tech giant since she initially acquired shares on Aug. 21.
Greene has also recently increased her stake in Intel, a position she initiated in August, with another purchase on Sept. 20. This investment has proven to be beneficial, as Intel’s stock has appreciated nearly 10% since her latest acquisition. Additionally, Greene has bolstered her position in Microsoft. After initially purchasing shares in April, she made another investment in late September. Moreover, this investment will enhance her passive income stream, as Microsoft announced a 10% dividend increase on Sept. 16.
Familiar Stocks Are Added to the Mix
Greene didn’t limit herself to just AI stocks on Sept. 20. Notably, she chose to acquire additional shares of Berkshire Hathaway, a stock she had previously invested in back in April. A strong long-term investment, Berkshire Hathaway aids Greene in mitigating some volatility from the tech stocks in her portfolio. For context, while the S&P 500 has risen 789% over the past three decades, Berkshire Hathaway has skyrocketed about 1,870%.
Greene has also been gradually increasing her position in UPS. After first buying UPS stock in July 2024, she made two additional purchases in September 2024. This not only gives her increased exposure to a top supply chain company but also bolsters her passive income, as UPS currently offers a forward-yielding dividend of 4.9%.
A Surprising Addition to the Portfolio
Greene’s investment in Southern Copper stands out, as her purchases in materials stocks are quite rare. However, this particular move might not be entirely unexpected. The company presents a prime investment opportunity for accessing copper, which is in high demand amid the AI surge, given that the metal is essential for data centers supporting AI technology. According to the leading metal producer BHP Group, global copper demand is projected to reach 52.5 million tons by 2050, a significant increase from 30.4 million tons in 2021.
Considering Greene’s strong interest in AI through her other investments, her decision to buy Southern Copper stock aligns well with her overall strategy.
Should Investors Follow Greene’s Lead?
Monitoring the stock selections of notable figures, such as billionaires and politicians, can be a beneficial strategy. However, investors with experience would caution against simply mirroring their stock trades, as that can be imprudent.
For those looking to gain exposure to the AI sector, looking into Greene’s recent purchases of Alphabet, Intel, and Microsoft makes sense, as all three companies are leading players in their field. Additionally, Southern Copper provides a unique perspective on the burgeoning AI market.
Moreover, considering a Berkshire Hathaway investment appears wise, given Warren Buffett’s reputation as an extraordinary investor. In regards to UPS, potential challenges such as a longshoreman strike could lead to stock volatility, presenting an opportunity for long-term investors to acquire quality stock at a discounted price.
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Suzanne Frey, an executive at Alphabet, serves on The Motley Fool’s board of directors. Scott Levine does not have any positions in the stocks discussed. The Motley Fool holds positions in and recommends Alphabet, Berkshire Hathaway, and Microsoft, and it also recommends Intel and United Parcel Service—additionally endorsing specific options related to Microsoft and Intel. The Motley Fool adheres to a disclosure policy.
Marjorie Taylor Greene Continues Adding to Her Portfolio. Here Are 6 Stocks She Just Bought. was originally published by The Motley Fool