Mr. Warren Buffett needs no introduction, so I will go straight to introducing his recently reported portfolio, as of 3/31/13. Keeping track of the holdings of the world's most famous investors is a great way to screen for investing ideas as well as a free way to learn more about portfolio strategy and allocation. In addition to this information, you can also find the letters Buffett has written to Berkshire (NYSE:BRK.A)(NYSE:BRK.B) investors over the years for free here.
- Increased from $75.3 billion at the end of the year to $85.0 billion (12.88% increase) as of 3/31/13.
I usually put this at the bottom, but you are probably eager to see the portfolio changes, and I share your sentiment. Here is a visual look at the portfolio's holdings and changes (from largest to smallest holding).
- In the first quarter of 2013, Berkshire added two new holdings and the largest, Chicago Bridge & Iron (NYSE:CBI), was worth $404 million at the end of March (0.48% of the portfolio).
- The other new addition was a $124.5 million holding in STARZ (NASDAQ:STRZA), good for 0.15% of the portfolio.
- In addition to the two new holdings, Berkshire more than doubled its holdings in Verisign (NASDAQ:VRSN), up 122% to $386.3 million.
- Berkshire increased its share count in National Oilwell Varco (NYSE:NOV) by 41%, to $529.5 million.
- The share count of both DirecTV (DTV) and DaVita (NYSE:DVA) were both increased by 10%. These holdings are also two of the ten largest in the portfolio and worth $2.1 billion and $1.77 billion respectively.
- Berkshire upped its share count in Wells Fargo (NYSE:WFC), the company's largest holding, by 4% to $16.94 billion.
- Stake in Wal-Mart Stores (NYSE:WMT), the portfolio's 6th largest holding, was also increased by 4% to $3.685 billion.
- Very small additions (in proportion to the amount of shares previously held) were also made to Berkshire's investments in International Business Machines (NYSE:IBM), the third largest holding, US Bancorp (NYSE:USB), and Wabco Holdings (NYSE:WBC).
- Berkshire completely sold out of its stakes in Archer Daniels (NYSE:ADM) and General Dynamics (NYSE:GD). These investments were worth $163.1 million and $268.5 million at the end of 2012.
- 4% of Berkshire's previously reported share count in Bank of New York Mellon (NYSE:BK) was sold. Even with this, the value of the remaining shares increased to $530 million (from $504.5 million at the end of 2012).
- Berkshire also sold 45% of its stake in Mondelez (NASDAQ:MDLZ). This position was worth 215.9 million at the end of March.
- The only other sale came in the form of a 4% cut from Berkshire's investment in Kraft (KRFT), remaining investment was worth $82.5 million at the end of the first quarter.
Rest of the top 10
- Only four of the top ten largest investments for Berkshire were left alone in the first quarter, and they were Coca-Cola (NYSE:KO), American Express (NYSE:AXP), Procter & Gamble (NYSE:PG) and Phillips 66 (NYSE:PSX). These positions were the 2nd, 4th, 5th and 9th largest holdings at the end of March.
Other Holdings With No Activity
- In order of largest to smallest position, the following investments remained the same from when last reported on 12/31/12: Moody's (NYSE:MCO), ConocoPhillips (NYSE:COP), Washington Post (WPO) General Motors (NYSE:GM), Liberty Media Capital (NASDAQ:LMCA), M&T Bank (NYSE:MTB), Viacom (NASDAQ:VIAB), Costco (NASDAQ:COST), USG Corp. (NYSE:USG), Precision Castparts (BATS:PCP), Deere & Co. (NYSE:DE), Visa (NYSE:V), Torchmark (NYSE:TMK), Mastercard (NYSE:MA), Sanofi Aventis (NYSE:SNY), Verisk Analytics (NASDAQ:VRSK), GlaxoSmithKline (NYSE:GSK), Gannett (NYSE:GCI), Media General (NYSE:MEG), Johnson & Johnson (NYSE:JNJ), GE (NYSE:GE), United Parcel Service (NYSE:UPS) and Lee Enterprise (NYSE:LEE).
So, what do you think? Which of these have you bought/sold recently?
Disclosure: I am long AXP, WFC, BRK.B. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.