David Neubert's Top Ten Holdings

Top ten listed/tradeable holdings as of June month end (prices as of July 3, 2007):

Ishares Inflation Protected Treasuries ETF (TIP) ($98.51)
Chevron Corp (CVX) ($86.44)
Berkshire Hathaway (BRK.A) ($110,000)
Conoco Philips (COP) ($80.45)
B P Prudhoe Bay Oil RoyaltyTrust (BPT) ($74.09)
Pfizer Inc (PFE) ($25.82)
Usiminas S.A. Brazil ADR (USNZY.PK) ($58.75)
Amgen Inc (AMGN) ($58.75)
Anglo America PLC UK ADR (AAUK) ($55.13)
Vanguard Pacific ETF (VPL) ($71.86)

Explanation:

I do not include bonds (US or otherwise) or the shares of any former employer in my listing of positions. Some positions are hedged as part of a more complex options/futures trade. When that is the case, I will include that information relating to the other securities.

My top ten positions may include both short-term speculations and long-term holds. I do not recommend this as a portfolio someone else should hold. Some of these positions exist in my portfolio for either diversification reasons or because potential capital gains obligations mean that, even though I might not buy them right now. Paying the capital gain tax does not make them worth selling.

Comments

[Al Lackey:]

Why Brk.A instead of the B shares. If am not mistaken the B shares have shown a higher percentage gain over the past couple of years. Am I wrong on this??

2007 Jul 05 09:34 AM

[Jeanne M Ca...:]

The performance percentage evens out over time. During the last 10 years, my BRK.A and BRK.B shares have had the same percentage gain in price appreciation. Since one A share can always be exchanged for thirty B shares, that tends to reduce the arbitrage and price discrepancies.

2007 Jul 05 11:32 PM