Portfolio holdings of Warren Buffett. Berkshire Hathaway's Portfolio. Warren Buffett stock picks:
Stock Holdings
Warren Buffett - Berkshire Hathaway
Period: Q1 2013
Portfolio date: 31 Mar 2013
No. of stocks: 41
Portfolio value: $85,001,344,000
| Stock | % of portfolio | Shares | Recent activity | Reported Price* | |
| hist | WFC - Wells Fargo | 19.94 | 458,170,323 | Add 4.16% | $36.99 |
| hist | KO - Coca Cola Co. | 19.03 | 400,000,000 | $40.44 | |
| hist | IBM - International Bus. Machines | 17.09 | 68,121,984 | Add 0.01% | $213.30 |
| hist | AXP - American Express | 12.03 | 151,610,700 | $67.46 | |
| hist | PG - Procter & Gamble | 4.79 | 52,793,078 | $77.06 | |
| hist | WMT - Wal-Mart Stores | 4.34 | 49,247,235 | Add 3.68% | $74.83 |
| hist | DTV - DIRECTV Group Inc. | 2.48 | 37,275,400 | Add 9.51% | $56.59 |
| hist | USB - U.S. Bancorp | 2.45 | 61,458,101 | Add 0.32% | $33.93 |
| hist | PSX - Phillips 66 | 2.24 | 27,163,918 | $69.97 | |
| hist | DVA - DaVita HealthCare Partners | 2.09 | 14,973,906 | Add 10.04% | $118.59 |
| hist | MCO - Moody's Corp. | 1.78 | 28,415,250 | $53.32 | |
| hist | COP - ConocoPhillips | 1.71 | 24,123,911 | $60.10 | |
| hist | WPO - Washington Post | 0.91 | 1,727,765 | $447.00 | |
| hist | GM - General Motors | 0.82 | 25,000,000 | $27.82 | |
| hist | LMCA - Liberty Media Capital | 0.74 | 5,622,340 | $111.63 | |
| hist | MTB - M&T Bank Corp. | 0.65 | 5,382,040 | $103.16 | |
| hist | NOV - National Oilwell Varco Inc. | 0.62 | 7,484,300 | Add 41.35% | $70.75 |
| hist | BK - Bank of New York | 0.62 | 18,939,115 | Reduce 3.54% | $27.99 |
| hist | VIA.B - Viacom Inc. | 0.55 | 7,607,200 | $61.48 | |
| hist | COST - Costco Co. | 0.54 | 4,333,363 | $106.11 | |
| hist | USG - USG Corp. | 0.53 | 17,072,192 | $26.44 | |
| hist | CBI - Chicago Bridge & Iron Company | 0.48 | 6,508,600 | Buy | $62.10 |
| hist | VRSN - Verisign Inc. | 0.45 | 8,174,100 | Add 121.78% | $47.27 |
| hist | PCP - Precision Castparts | 0.44 | 1,977,336 | $189.62 | |
| hist | DE - Deere & Co. | 0.40 | 3,978,767 | $85.98 | |
| hist | WBC - WABCO Holdings Inc. | 0.34 | 4,076,325 | Add 0.11% | $70.59 |
| hist | V - Visa Inc. | 0.31 | 1,555,459 | $169.84 | |
| hist | TMK - Torchmark Corp. | 0.30 | 4,235,818 | $59.80 | |
| hist | MA - Mastercard Inc. | 0.26 | 405,000 | $541.13 | |
| hist | MDLZ - Mondelez International | 0.25 | 7,052,750 | Reduce 45.07% | $30.61 |
| hist | SNY - Sanofi Aventis | 0.24 | 4,063,675 | $51.08 | |
| hist | STRZA - Starz | 0.15 | 5,622,340 | Buy | $22.15 |
| hist | VRSK - Verisk Analytics Inc. | 0.11 | 1,563,434 | $61.62 | |
| hist | KRFT - Kraft Foods Group | 0.10 | 1,602,061 | Reduce 3.99% | $51.53 |
| hist | GSK - GlaxoSmithKline PLC | 0.08 | 1,510,500 | $46.91 | |
| hist | GCI - Gannett Co. | 0.04 | 1,740,231 | $21.87 | |
| hist | MEG - Media General | 0.03 | 4,646,220 | $5.94 | |
| hist | JNJ - Johnson & Johnson | 0.03 | 327,100 | $81.53 | |
| hist | GE - General Electric | 0.02 | 588,900 | $23.12 | |
| hist | UPS - United Parcel Service | 0.01 | 59,400 | $85.89 | |
| hist | LEE - Lee Enterprises | 0.00 | 88,863 | $1.27 |
* Reported Price is the price of the security on the portfolio date. This value is significant in that it indicates the portfolio manager's confidence in the stock at that price and suggests at least some level of undervaluation and/or margin of safety.
Sector % analysis
| Financials | 37.77 | |
| Consumer Staples | 29.05 | |
| Information Technology | 17.54 | |
| Consumer Discretionary | 4.83 | |
| Health Care | 2.44 | |
| Energy | 2.33 | |
| Materials | 2.24 | |
| Services | 1.57 | |
| Industrial Goods | 1.01 | |
| Industrials | 0.87 | |
| Consumer Goods | 0.34 |
Articles & Commentaries
07 May 2013 "Standstill agreement" between Berkshire Hathaway and DaVita limits ownership to 25%
On May 7, 2013, the Company entered into a letter agreement (the “Standstill Agreement”) with Berkshire Hathaway Inc., on behalf of itself and its Affiliates (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) (collectively, “Investor”) pursuant to which Investor agreed, subject to certain exceptions and to the termination provisions specified in the Standstill Agreement, not to acquire beneficial ownership of the Company exceeding 25% of the Company’s then-outstanding Common Stock, and to certain other provisions respecting stockholders meetings, mergers and other matters specified therein.
On May 7, 2013, the Company entered into a letter agreement (the “Standstill Agreement”) with Berkshire Hathaway Inc., on behalf of itself and its Affiliates (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) (collectively, “Investor”) pursuant to which Investor agreed, subject to certain exceptions and to the termination provisions specified in the Standstill Agreement, not to acquire beneficial ownership of the Company exceeding 25% of the Company’s then-outstanding Common Stock, and to certain other provisions respecting stockholders meetings, mergers and other matters specified therein.
04 May 2013 Berkshire Hathaway Annual Meeting live blog links
The Wall Street Journal
Morningstar
NY Times
The Wall Street Journal
Morningstar
NY Times
03 May 2013 Charlie Munger: HFT is Legalized Front-Running
"I think it is very stupid to allow a system to evolve where half the trading is a bunch of short-term people trying to get information one-millionth of a nano-second ahead of somebody else. It’s legalized front-running; I think it’s basically evil and it should never have been able to reach the size that it did…why should all of us pay a little group of people to engage in legalized front-running of our orders?"
"I think it is very stupid to allow a system to evolve where half the trading is a bunch of short-term people trying to get information one-millionth of a nano-second ahead of somebody else. It’s legalized front-running; I think it’s basically evil and it should never have been able to reach the size that it did…why should all of us pay a little group of people to engage in legalized front-running of our orders?"
03 May 2013 Selling to Buffett Was Plan From Day 1: Wertheimer
Eitan Wertheimer, Chairman of Iscar Metal Cutting Co., discusses Iscar’s acquisition by Berkshire Hathaway.
Eitan Wertheimer, Chairman of Iscar Metal Cutting Co., discusses Iscar’s acquisition by Berkshire Hathaway.
03 May 2013 Buffett Backs Dimon, Bets on Business Insurance
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., talks about the compensation outlook for his eventual successor, Berkshire's expansion in commercial insurance and JPMorgan Chase & Co. CEO Jamie Dimon.
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., talks about the compensation outlook for his eventual successor, Berkshire's expansion in commercial insurance and JPMorgan Chase & Co. CEO Jamie Dimon.
29 Apr 2013 Warren Buffett's decision to hire two investment lieutenants is paying off for Berkshire Hathaway
27 Mar 2013 Berkshire Hathaway and General Electric have quietly agreed to modify their almost 5-year-old warrant deal
26 Mar 2013 Goldman Sachs amends terms of warrants held by Berkshire Hathaway
The warrant had provided Berkshire Hathaway the right to purchase 43,478,260 shares of Goldman Sachs' common stock, par value $0.01 per share, at an exercise price of $115 at any time until October 1, 2013. Under the amended agreement, Goldman Sachs will deliver to Berkshire Hathaway the number of shares of common stock equal in value to the difference between the average closing price over the 10 trading days preceding October 1, 2013 and the exercise price of $115 multiplied by the number of shares of common stock covered by the warrant (43,478,260).
The warrant had provided Berkshire Hathaway the right to purchase 43,478,260 shares of Goldman Sachs' common stock, par value $0.01 per share, at an exercise price of $115 at any time until October 1, 2013. Under the amended agreement, Goldman Sachs will deliver to Berkshire Hathaway the number of shares of common stock equal in value to the difference between the average closing price over the 10 trading days preceding October 1, 2013 and the exercise price of $115 multiplied by the number of shares of common stock covered by the warrant (43,478,260).
Dataroma's opinion:
Under the new agreement, Berkshire will actually end up with less shares of Goldman than if the warrants were exercised under the original agreement (the news headlines regarding the new agreement are in fact misleading). However, Berkshire won't have to put up any cash to acquire the shares. This would be equivalent to having exercised the warrants under the old agreement and then sold enough GS shares to recoup the $5B cost.
Under the new agreement, Berkshire will actually end up with less shares of Goldman than if the warrants were exercised under the original agreement (the news headlines regarding the new agreement are in fact misleading). However, Berkshire won't have to put up any cash to acquire the shares. This would be equivalent to having exercised the warrants under the old agreement and then sold enough GS shares to recoup the $5B cost.
21 Mar 2013 Heinz moves closer to cementing buyout funding
Investors said the B1/BB- rated bond issue, which prices on Friday, has been a blowout, with massive demand that has allowed Heinz to shave more than a full percentage point off of pricing expectations, to official guidance of 4.5% area from initial price thoughts of 5.75%.
Investors said the B1/BB- rated bond issue, which prices on Friday, has been a blowout, with massive demand that has allowed Heinz to shave more than a full percentage point off of pricing expectations, to official guidance of 4.5% area from initial price thoughts of 5.75%.
20 Mar 2013 Fireside Chat With Warren Buffett and Cathy Baron Tamraz, CEO of Business Wire
A video interview with Warren Buffett on the power of innovation has officially launched the start of the PYMNTS.com's The Innovation Project™ 2013, a two-day program to challenge the way the payments and its broader commerce ecosystem thinks, talks, delivers and ignites innovation. Buffett sat down with Business Wire CEO Cathy Baron Tamraz and offered his view on the current landscape of the payments industry and his optimism for the economic future in his keynote introduction to the program, held at Harvard University.
A video interview with Warren Buffett on the power of innovation has officially launched the start of the PYMNTS.com's The Innovation Project™ 2013, a two-day program to challenge the way the payments and its broader commerce ecosystem thinks, talks, delivers and ignites innovation. Buffett sat down with Business Wire CEO Cathy Baron Tamraz and offered his view on the current landscape of the payments industry and his optimism for the economic future in his keynote introduction to the program, held at Harvard University.