Berkshire Hathaway (BRK.A) and Fairfax Financial (FFH) are perhaps the two of the greatest asset allocating machines out there today. They both released their 13-F filings Tuesday, listing their common stock holdings at the end of the December period. Paying particular attention to Fairfax, we see a lot of major positions:
- $102 mil Alcoa
- $99 mil Burlington Northern
- $271 mil Dell
- $162 mil Frontier Communications
- $195 mil GE
- $234 mil Intel
- $459 mil Johnson and Johnson
- $98 mil King Pharma
- $294 mil Kraft Foods
- $96 mil Level 3 Comm.
- $159 mil Magna Intl
- $318 mil Pfizer
- $104 mil Wells Fargo
*Note: Positions in bold are new.
Not surprisingly, there is a lot of overlap with Buffett, who holds major positions himself in Burlington Northern (BNI), Kraft (KFT), Wells Fargo (WFC), and Johnson and Johnson (JNJ).
According to Nasdaq, the total value of U.S.-listed common stock holdings at Fairfax is now up to $4.7 billion (this excludes any foriegn holdings). Just over two years ago, the total common stock portfolio was at about $1.8 billion, and that was significantly hedged with market short positions. Prem and co. are at last putting major money into work with stocks, indicating that they see significant returns ahead. If they're right, great things lie in store for shareholders of Fairfax.
Disclosure: The author owns shares in Fairfax Financial, Odyysey Reinsurance, and Burlington Northern.
