Industrials
Meet the 2014 Warren Buffett and Berkshire Hathaway Stocks
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As many consider Warren Buffett to be the greatest investor of modern times, investors want to know any time there are big changes in the Berkshire Hathaway Inc. (NYSE: BRK-A) holdings. The conglomerate and holding company’s total listed equity holdings were valued at $104.8 billion as of December 31, 2013 versus $92.035 billion on September 30, 2013. Portfolio managers Todd Combs and Ted Weschler are becoming fixtures at the company as far as their ability to add to positions.
24/7 Wall St. has counted up the detailed holdings on the fly and given color and reference on each holding. While there is a lag here, effectively this is meant to represent the first full look at the 2014 stock holdings of Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B).
We have also recently listed the six stocks that Warren Buffett has never sold.
The biggest change we wanted to watch was Exxon Mobil Corp. (NYSE: XOM), and that was grown slightly here in this last quarter. The gain in Exxon was not as much as we expected, so hopefully he has been opportunistic since the start of 2014.
General Electric Co. (NYSE: GE) is a much larger stake, as we have been expecting after warrant conversions. Now we know what the GE position is. It will be interesting to see how Buffett treats this stake going into the upcoming GE spin-off of the US consumer finance unit.
Wells Fargo & Company (NYSE WFC) was lifted as a stake yet again, but the increase was rather small. We can only expect more of the same until we are proven wrong, and some may simply be from put option writing.
Other SEC filings have been made as well, so other stakes may have been made or may have changed since the end of 2013. The full list of Warren Buffett and Berkshire Hathaway stocks as of December 31, 2013 is as follows:
American Express Co. (NYSE: AXP) was roughly 151.6 million shares, same as last quarter – and the same as always.
Bank of New York Mellon Corp. (NYSE: BK) was the same position at 24.6 million shares.
Chicago Bridge & Iron Co. (NYSE: CBI) was the same position at 9.55 million shares, but this was raised in 2013.
Coca-Cola Co. (NYSE: KO) was right at 400 million shares, SAME AS before – and the same for years and years.
ConocoPhillips (NYSE: COP) was a LOWER POSITION AGAIN, down to 11.079 million shares versus 13.529 million shares last quarter and lower than the 24.1 million shares in June.
Costco Wholesale Corp. (NASDAQ: COST) was 4,333,363 shares, same as last quarter.
DaVita Inc. (NYSE: DVA) was up to 36.46 million, a HIGHER POSITION than the 31.446 million shares last quarter. This stake keeps being lifted, but Buffett has entered into a standstill agreement not to buy more than 25% of the company after already having increased its in prior quarters.
Deere & Co. (NYSE: DE) was the same last quarter at roughly 4 million shares.
Dish Networks Corp. (NASDAQ: DISH) was ELIMINATED ENTIRELY after having been only 547,312 shares previously.
DirecTV (NASDAQ: DTV) was the same stake at 36.514 million shares, but this had been higher at about 37.275 million shares in June.
Exxon Mobil Corp. (NYSE: XOM) was a HIGHER STAKE at 41.129 million shares. This was a new stake in late 2013 at 40.089 million shares. We have suggested over and over that if Buffett wants a big energy stock that Exxon was the best place to go due to his size and their size. Maybe Buffett read our stuff!
General Electric Corp. (NYSE: GE) was a MUCH HIGHER STAKE at 10.585 million shares, but this had been telegraphed before because of the warrants.
General Motors Co. (NYSE: GM) is the same position as before at 40 million shares, but this was raised last quarter from 25 million shares.
GlaxoSmithKline (NYSE: GSK) is FINALLY DELETED after having been shrunk before.
Graham Holdings Company (NYSE: GHC) is the remains of Washington Post (NYSE: WPO), and this was the same position at 1.727 million shares… Buffett has been in talks with the company and this stake could go away – even if just partially.
International Business Machines Corp. (NYSE: IBM) was the same size at just over 68 million shares. Again, we find it interesting that Buffett has hinted at a larger position and the stock has been hammered.
Johnson & Johnson (NYSE: JNJ) was the same size at only 327,100 shares, but this way down from before.
Kraft Foods Group Inc. (NASDAQ: KRFT) was the same size at only 192,666 shares, but this is way down from the past and again like a position that was forgotten about.
Lee Enterprises Inc. (NYSE: LEE) was the same size of only 88,863 shares, but a deal in 2013 may have given more leverage on the debt size.
Liberty Media Corp. (NASDAQ: LMCA) looks LOWER at 5.3 million shares versus 5.62 million shares last quarter, but the problem in evaluating this is that there is a new stake listed in Liberty Global plc (NASDAQ: LBTYA) of 2,948,285 shares.
M&T Bank Corp. (NYSE: MTB) was the same position at 5.38 million shares – same as always.
MasterCard Inc. (NYSE: MA) was the same position at 405,000 shares.
Media General Inc. (NYSE: MEG) was the same position of 4.64 million.
Mondelez International Inc. (NASDAQ: MDLZ) is the same position at 578,000 shares, but this remains far lower than the past and seems like the portfolio managers forgot to clean up the position.
Moody’s Corp. (NYSE: MCO) was SLIGHTLY LOWER at 24.669 million shares versus 24.92 million shares, but this is lower than before.
National Oilwell Varco Inc. (NYSE: NOV) was the same position at 8.88 million shares, but this stake was raised in 2013.
Phillips 66 (NYSE: PSX) was the same position at 27.16 million shares after having been added in prior quarters after the Conoco spin-off.
Precision Castparts Corp. (NYSE: PCP) was the same position at roughly 2 million shares, but this was higher before and still relatively new.
Procter & Gamble (NYSE: PG) was the same position at 52.8 million shares but that had been lowered in 2012 from a prior peak of 96.3 million shares.
Sanofi-Aventis (NYSE: SNY) was the same position at 3.905 million shares, but that stake is slightly smaller than it was earlier in 2013.
Starz (NASDAQ: STRZA) was a SMALLER STAKE at 4.54 million shares versus the prior 5.622 million shares.
Suncor Energy Inc. (NYSE: SU) was a SMALLER POSITION at 13,000,000 shares, and this compares to 18,009,957 shares last quarter and 17,769,457 previously.
Torchmark Corp. (NYSE: TMK) was the same at more than 4.2 million shares.
US Bancorp (NYSE: USB) was LARGER YET AGAIN at over 79.3 million shares, up about 203,000 shares from the prior quarter and it is one that keeps growing.
USG Corp. (NYSE: USG) was MUCH LARGER at 34.89 million shares versus 17.072 million shares. Just be advised that it had already been telegraphed that the stake was larger, perhaps from an old debt stake.
United Parcel Service (NYSE: UPS) was the same tiny position at 59,400 shares, but this is way down from 2012 and hardly worth the effort.
VeriSign Inc. (NASDAQ: VRSN) is the same stake at 10.96 million shares, but this stake had grown from 10.897 million shares last quarter and versus 8.174 million shares prior to that.
Verisk Analytics Inc. (NASDAQ: VRSK) was the same position at 1,563,434 shares, but that is lower than prior quarters.
Viacom Inc. (NASDAQ: VIA) was the same position of 7.6+ million shares, but that had been raised in prior quarters.
Visa Inc. (NYSE: V) was the same position of 1.555 million shares but this is still lower than in 2012.
WABCO Holdings Inc. (NYSE: WBC) is the same position at just over 4.076 million shares.
Wal-Mart Stores Inc. (NYSE: WMT) was SLIGHTLY HIGHER at 49.48 million shares, up from 49.24 million shares last quarter and after having been raised previously.
Wells Fargo & Co. (NYSE: WFC) was RAISED YET AGAIN… but only to 463.458 million shares after having been 463.13 million shares previously. This one keeps growing and growing under Buffett and is a stake he has never sold out of.
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