Investing
Warren Buffett Makes Real Changes to Berkshire Hathaway Stock Holdings
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Berkshire Hathaway Inc. (NYSE: BRK-B) and Warren Buffett have released the conglomerate’s stock holdings as of June 30, 2013. This 13F filing with the SEC shows that the company’s total equity holdings came to $89.03 billion, versus having been $85.001 billion last quarter and $75.3 billion at the end of 2012.
Portfolio managers Todd Combs and Ted Weschler are getting even more entrenched as far as their ability to add to positions. 24/7 Wall St. has tallied these positions up on the fly and given color and reference on each holding.
Warren Buffett and Berkshire Hathaway’s new stock holdings include Dish Network Corp. (NASDAQ: DISH) and Suncor Energy Inc. (NYSE: SU). There was a larger position than in prior filings in shares of General Motors Corp. (NYSE: GM) and lowered stakes in Kraft Foods Group Inc. (NASDAQ: KRFT) and in Mondelez International Inc. (NASDAQ: MDLZ). Berkshire Hathaway confirmed a lower position in Moody’s Corp. (NYSE: MCO), Chicago Bridge & Iron Co. (NYSE: CBI) and VeriSign Inc. (NASDAQ: VRSN) were both larger positions. Of course Wells Fargo & Co. (NYSE: WFC) was added to, yet again. The acquisition of H.J. Heinz has now closed and NV Energy Inc. (NYSE: NVE) is still pending.
The full list of Warren Buffett and Berkshire Hathaway as of June 30, 2013, is as follows:
American Express Co. (NYSE: AXP) was roughly 151.6 million shares, SAME AS last quarter.
Bank of New York Mellon Corp. (NYSE: BK) was 24.63 million shares.
Chicago Bridge & Iron Co. (NYSE: CBI) was a LARGER POSITION at 9.55 million after having been a new position at just over 6.5 million shares as of March 31.
Coca-Cola Co. (NYSE: KO) was right at 400 million shares.
ConocoPhillips (NYSE: COP) is the SAME AS BEFORE at 24.1 million shares.
Costco Wholesale Corp. (NASDAQ: COST) was 4,333,363 shares, SAME AS last quarter.
DaVita Inc. (NYSE: DVA) was the same position at almost 15 million shares. This was one where Berkshire has 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 AS LAST QUARTER at roughly 4 million shares.
DirecTV (NASDAQ: DTV) was effectively the same stake at 37.275 million shares, but this had been raised before.
Dish Networks Corp. (NASDAQ: DISH) was a NEW POSITION, but a very small one: 547,312 shares worth only $23.27 million as of June 30.
General Electric Corp. (NYSE: GE) is listed as THE SAME small stake of 588,900 shares, but this is still way down from prior reports.
General Motors Co. (NYSE: GM) is a LARGER STAKE at 40 million shares, versus 25 million shares last quarter.
GlaxoSmithKline (NYSE: GSK) is a tad smaller at 1.476 million shares, versus what we had as 1.51 million shares previously.
International Business Machines Corp. (NYSE: IBM) was the SAME SIZE at more than 68.1 million shares, but this had been raised in prior quarters. What is interesting is that Buffett has hinted at a larger position.
Johnson & Johnson (NYSE: JNJ) was the SAME SIZE at only 327,100 shares, but this is way down from prior quarters and years earlier.
Kraft Foods Group Inc. (NASDAQ: KRFT) was LOWER AGAIN and down to only 192,666 shares, versus 1.602 million shares in March. This remains a tiny fraction of the past holdings and is representative of a position on the way out.
Lee Enterprises Inc. (NYSE: LEE) was the SAME POSITION of only 88,863 shares, but a recent deal may have given more leverage on the debt size.
Liberty Media Corp. (NASDAQ: LMCA) was the SAME POSITION of 5.62 million shares.
M&T Bank Corp. (NYSE: MTB) was the SAME POSITION at 5.38 million shares.
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 a SMALLER POSITION AGAIN, down to 578,000 shares, versus 7.05 million shares in March and versus 12.84 million shares at the end of 2012. Like Kraft, this is representative of a position on the way out of the portfolio.
Moody’s Corp. (NYSE: MCO) was LOWERED, as we were expecting, based on prior data. The stake was down to 24.92 million shares from what had been 28.4 million as of March 31.
National Oilwell Varco Inc. (NYSE: NOV) was a LARGER POSITION YET AGAIN at 8.88 million shares, versus prior reports of 7.484 million shares and 5.3 million before that.
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 4.06 million shares.
Starz (NASDAQ: STRZA) was the same stake at 5.622 million shares after having been a new holding last quarter, but this directly shows up under the Liberty holdings from above.
Suncor Energy Inc. (NYSE: SU) was a NEW POSITION listed as 17,769,457 shares, worth more than $524 million as of June 30.
Torchmark Corp. (NYSE: TMK) was the SAME POSITION at more than 4.2 million shares.
U.S. Bancorp (NYSE: USB) was LARGER STAKE at 78.277 million shares, versus 61.458 million before.
USG Corp. (NYSE: USG) was the SAME POSITION at 17.072 million shares.
United Parcel Service Inc. (NYSE: UPS) was the SAME POSITION at 59,400 shares, but this is way down from 2012 and hardly worth the effort.
VeriSign Inc. (NASDAQ: VRSN) is a LARGER POSITION AGAIN at 10.897 million shares, versus 8.174 million shares and after it first started with 3.685 million shares.
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 technically a HIGHER POSITION, but it is still just over 4.076 million shares. The gain was literally just a few thousand shares.
Wal-Mart Stores Inc. (NYSE: WMT) was the same stake at 49.247 million shares, after being raised before.
Washington Post Co. (NYSE: WPO) was the SAME POSITION at more than 1.72 million shares.
Wells Fargo & Co. (NYSE: WFC) was RAISED SLIGHTLY HIGHER AGAIN, up to 463.13 million shares, after having been more than 458 million shares last quarter.
Gannett Co. (NYSE: GCI) was ELIMINATED and not included in the filing, after having been down to 1.74 million shares.
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