Equities Purchased
Buffett continues to build on his 2nd largest position, Wells Fargo (WFC), adding 5% to Berkshire's already sizable stake. The total value of that position now stands at $ 9.3 billion (~18% of equity portfolio).
He also increased Berkshire's holdings of Johnson and Johnson (JNJ). The stake was increased 3% bringing the total value of the JNJ position to $ 2.7 billion (~5% of equity portfolio). Currently, JNJ is Berkshire's 6th largest position. Buffett continues re-building the position after selling some of it off to make room for the Burlington Northern Santa Fe acquisition.
The only entirely new position is a very small one in BNY Mellon (BK) worth ~$ 55 million at current prices (barely more than .1% impact to the portfolio).
Equities Sold
Buffett sold all shares of the following stocks:
Adam
Long positions in BRKb, KO, WFC, AXP, PG, KFT, and MCO.
Here's a summary of other changes made to the portfolio this past quarter.
Buffett sold all shares of the following stocks:
In addition, Berkshire reduced exposure to the following:
The shares sold in each of the above stocks represented less than one percent impact on the entire equity portfolio value. Other than P&G, none of these remaining positions represent a significant portion of the Berkshire Hathaway equity portfolio (MCO is 1.5%, all others less than 1%).
The shares sold in each of the above stocks represented less than one percent impact on the entire equity portfolio value. Other than P&G, none of these remaining positions represent a significant portion of the Berkshire Hathaway equity portfolio (MCO is 1.5%, all others less than 1%).
Portfolio Summary
At the end of 3Q, the equity portfolio* was made up of 41% consumer goods, 39% financials, 7% consumer services, and 6% healthcare. The remainder is primarily spread across miscellaneous industrials and energy. Top five holdings:
- Coca-Cola (KO) = $ 12.6 billion (approx. 25% of the portfolio)
- Wells Fargo (WFC) = $ 9.3 billion (18%)
- American Express (AXP) = $ 6.5 billion (13%)
- Procter and Gamble (PG) = $ 4.9 billion (9%)
- Kraft (KFT) = $ 3.3 billion (6%)
These top 5 represent approximately 71% of the equity portfolio value at yesterday's prices.
Adam
Long positions in BRKb, KO, WFC, AXP, PG, KFT, and MCO.
* 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).
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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.
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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.
