Breton Hill Goes on a Buying Spree: See What Stocks It Bought in Q2

General Motors Company (NYSE:GM)

– Shares owned by Breton Hill Capital as of June 30: 308,164

– Value of Breton Hill Capital’s holding as of June 30: $8.72 Million

Breton Hill Capital also boosted its General Motors Company (NYSE:GM) position by 11% during the second quarter of 2016, ending the three-month period with 308,164 shares valued at $8.72 million. The shares of the automaker are down 10% thus far in 2016, as the auto sector appears to be reaching a peak after years of rising sales. The U.S. auto giant continues to perform strongly in the critical Chinese auto market, which represents the company’s largest market in terms of sales volume. General Motors and its joint venture partners sold a whopping number of 295,282 vehicles in May, up an incredible 16.9% year-over-year. Moreover, GM, one of China’s best-selling foreign automakers, registered a record June delivery of 273,563 units, an increase of 11.2% compared to the previous year. GM’s sales in China are up 5.2% year-over-year in the first half of 2016 despite suffering disappointing sales growth in the first quarter. Warren Buffett’s Berkshire Hathaway had 50.00 million shares of General Motors Company (NYSE:GM) in its portfolio on March 31.

Verizon Communications Inc. (NYSE:VZ)

– Shares owned by Breton Hill Capital as of June 30: 159,845

– Value of Breton Hill Capital’s holding as of June 30: $8.93 Million

Verizon Communications Inc. (NYSE:VZ) received some love from Breton Hill Capital in the second quarter of 2016, as the Toronto-based investment firm increased its Verizon stake by 29% quarter-over-quarter to 159,845 shares. The increased stake was worth $8.93 million on June 30, representing the second-largest equity position in the firm’s portfolio. Despite having experienced one of the largest labor strikes in U.S. history, Verizon shares are up by an impressive 20% year-to-date. Although most individuals have not heard of 5G just yet, Verizon Communications is the first mover in 5G as the telecom service provider already reached pre-commercial 5G testing. The U.S. network provider currently pays shareholders an annualized dividend of $2.26 per share, which offers an annual yield of 4.07%. The 5G launch is anticipated next year, probably representing the next growth phase for Verizon. The Oracle of Omaha also holds a stake of 15.00 million shares of Verizon Communications Inc. (NYSE:VZ) as of the end of the first quarter.

Disclosure: None