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Buffett didn’t make many changes to his portfolio during the June quarter. During the quarter, his positions in Coca Cola Co (KO), American Express (AXP), and Procter & Gamble (PG) remained unchanged. Coca Cola is his largest portfolio holding accounting for 25% of the portfolio, while Amex is the third largest position representing 15% of the portfolio. Procter & Gamble is the fourth largest position accounting for 9% of the portfolio.

Buffett did add to his favorite Wells Fargo (WFC) position during the quarter. Buffett often says if allowed he would buy the entire company. Wells Fargo is the fund's second largest position and Buffett held 352 million shares valued at roughly $10B at the quarter end. During the quarter, Buffett added to his WFC holdings by 3%.

Rounding out Buffett’s top 5 at the end of the quarter was Kraft Foods (KFT). This accounted for 6.6% of the portfolio and was the fifth largest holding at June end. Buffett cut his KFT position by 5% during the quarter.

Two interesting moves outside of the top five holdings were Buffett’s bullish bets on ConocoPhillips (COP), and MasterCard (MA). Buffett upped his ConocoPhillips position by 27% during the quarter and this was the fund’s seventh largest holding at quarter end. He also boosted his MasterCard holdings significantly and increased his investment in the card company by a whopping 90%. MasterCard was Buffett’s 18th largest position at June end.

A surprising addition to Buffett’s portfolio is his brand new purchase of risk assessment firm Verisk Analytics, Inc. (VRSK). It is a $6 billion company and Buffett owned $73 milion of the stock at the end of June. This was his 20th largest position as per the July 13F filing.

It is worth noting that some of Buffett’s major holdings also saw good insider purchases since the beginning of March. Here are the stocks both Warren Buffett and insiders like:

Company

Ticker

Value (x1000)

Insiders

COCA COLA CO

KO

13457999

1

WELLS FARGO & CO

WFC

9886312

2

PROCTER & GAMBLE CO

PG

4880018

1

KRAFT FOODS INC

KFT

3504245

2

JOHNSON & JOHNSON

JNJ

2835387

1

U S BANCORP DEL

USB

1761196

1

M & T BANK CORP

MTB

471749

4

U S G CORP

USG

244815

4

TORCHMARK CORP

TMK

181124

2

GENERAL ELECTRIC CO

GE

146691

2

DOLLAR GENERAL CORP

DG

50760

3

BANK OF NEW YORK

BK

45960

4

EXXON MOBIL CORP

XOM

34326

1

INGERSOLL RAND PLC

IR

28881

2

GANNETT INC

GCI

24920

1

Wells Fargo is one of the mega-cap stocks with at least two insider purchases. WFC’s officer Sloan Timothy bought nearly $300 thousand worth of WFC during the second quarter. More recently Cynthia Milligan paid $22.8 for 1000 shares (click here to see the list of insider purchases in WFC).

Likewise, another Buffett stock that witnessed a good insider buy was discount retailer Dollar General (DG) in which director Rhodes William C III bought stocks worth some $200 thousand during the second quarter. There were two smaller insider purchases as well.

Bank of New York Mellon (BK) is another Buffett holding in which insiders are buying. Four officers of the bank have bought a combined $3 million worth of stock since August.

M&T Bank and USG Corp were also among the Warren Buffett stocks with significant insider purchases. In general stocks with several insider purchases outperform the market by 7 percentage points per year. Warren Buffett also has a stellar track record in terms of outperforming the market. We believe investors should consider these stocks in order to be able to beat the market over the long term (click here to check out Warren Buffett’s entire portfolio).

Source: Warren Buffett And Insiders Love These Companies