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 (BRK.A)(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 (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 (STRZA), good for 0.15% of the portfolio.
- In addition to the two new holdings, Berkshire more than doubled its holdings in Verisign (VRSN), up 122% to $386.3 million.
- Berkshire increased its share count in National Oilwell Varco (NOV) by 41%, to $529.5 million.
- The share count of both DirecTV (DTV) and DaVita (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 (WFC), the company's largest holding, by 4% to $16.94 billion.
- Stake in Wal-Mart Stores (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 (IBM), the third largest holding, US Bancorp (USB), and Wabco Holdings (WBC).
- Berkshire completely sold out of its stakes in Archer Daniels (ADM) and General Dynamics (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 (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 (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 (KO), American Express (AXP), Procter & Gamble (PG) and Phillips 66 (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 (MCO), ConocoPhillips (COP), Washington Post (WPO) General Motors (GM), Liberty Media Capital (LMCA), M&T Bank (MTB), Viacom (VIAB), Costco (COST), USG Corp. (USG), Precision Castparts (PCP), Deere & Co. (DE), Visa (V), Torchmark (TMK), Mastercard (MA), Sanofi Aventis (SNY), Verisk Analytics (VRSK), GlaxoSmithKline (GSK), Gannett (GCI), Media General (MEG), Johnson & Johnson (JNJ), GE (GE), United Parcel Service (UPS) and Lee Enterprise (LEE).
So, what do you think? Which of these have you bought/sold recently?