Currently, the equity portfolio is made up of 39.3% financials, 39.1% consumer goods, 7.3% consumer services, and 5.9% healthcare. The remainder is spread across miscellaneous industrials and energy. The top five holdings are:
- Coca-Cola (KO) = $ 11.2 billion (23.1% of the portfolio)
- Wells Fargo (WFC) = $ 8.2 billion (17.0%)
- American Express (AXP) = $ 6.3 billion (12.9%)
- Procter and Gamble (PG) = $ 4.7 billion (9.7%)
- Kraft (KFT) = $ 3.1 billion (6.4%)
The top 5 holdings remain the same as last quarter representing more than 2/3's of the ~$ 48 billion equity portfolio value*.
Here's a summary of changes made to the portfolio this past quarter.
Buffett did not sell out of any positions entirely but made minor reductions in exposure to the following:
- ConocoPhillips (COP) - Cut position by ~15%
- M&T Bank (MTB) - Cut by 3.6%
- Kraft (KFT) - Cut by 1.4%
- Procter & Gamble (PG) - Cut by 1.3%
Equities Purchased
The biggest purchase this quarter was by far Johnson and Johnson (JNJ). Approximately $ 1 billion of additional shares (a 2.2% impact on the portfolio) were purchased bringing the total value of the position to $ 2.4 billion. JNJ is now the 6th largest position. It appears Buffett is re-building the JNJ position after selling some of it off to make room for the Burlington Northern Santa Fe acquisition.
The biggest purchase this quarter was by far Johnson and Johnson (JNJ). Approximately $ 1 billion of additional shares (a 2.2% impact on the portfolio) were purchased bringing the total value of the position to $ 2.4 billion. JNJ is now the 6th largest position. It appears Buffett is re-building the JNJ position after selling some of it off to make room for the Burlington Northern Santa Fe acquisition.
FISERV (FISV) was the largest entirely new position (~$ 200 million...still pretty small in this context with only a .43% impact on portfolio).
Very small incremental increases were also made to the following:
None of these 4 purchases was more than .02% of the equity portfolio's value.
Adam
Long positions in BRKb, KO, WFC, AXP, PG, KFT, COP, SNY, and JNJ.
None of these 4 purchases was more than .02% of the equity portfolio's value.
Adam
Long positions in BRKb, KO, WFC, AXP, PG, KFT, COP, SNY, and JNJ.
* Berkshire Hathaway's holdings of ADRs are included in the 13F-HR. What is not included are the shares listed on exchanges outside of the United States (i.e. shares in BYD, POSCO, Sanofi, and Tesco).
---
This site does not provide investing recommendations as that comes down to individual circumstances. Instead, it is for generalized informational, educational, and entertainment purposes. Visitors should always do their own research and consult, as needed, with a financial adviser that's familiar with the individual circumstances before making any investment decisions. Bottom line: The opinions found here should never be considered specific individualized investment advice and never a recommendation to buy or sell anything.
---
This site does not provide investing recommendations as that comes down to individual circumstances. Instead, it is for generalized informational, educational, and entertainment purposes. Visitors should always do their own research and consult, as needed, with a financial adviser that's familiar with the individual circumstances before making any investment decisions. Bottom line: The opinions found here should never be considered specific individualized investment advice and never a recommendation to buy or sell anything.
