Buffett Holdings Doing Okay

Last week we highlighted the weak performance of BP Capital's holdings since the end of the second quarter.  Warren Buffett's holdings, on the other hand, have done extremely well. 

As shown below, Berkshire Hathaway's (BRK.A) (BRK.B) equity holdings as they stood at the end of the second quarter are collectively up 10.83% versus the S&P 500's performance of -5.25%.  Berkshire's biggest holding, Coca-Cola (KO), is up 6.8%, while its second biggest, Wells Fargo (WFC), is up 42.5%. 

Buffett has come under criticism many times when the market is rallying for not owning the big winners.  When times get tough though, he always seems to have the last laugh.

click to enlarge

Comments

[Socialism c...:]

Re. buffeting Buffet for his picks...I don't see how we can do that on the basis of their performance, without knowing his time horizon for a specific stock, and the reasons he owns it.

2008 Sep 16 05:22 PM

[TonyCinTX:]

Yeah, when the market dropped 500 points, my BRK.B was steady as a rock (actually, went up!). I think it is undervalued right now; I don't know why. But I am holding it and may add to it, I think the current blood bath is Buffett's bread and butter, now is the time to buy good assets from desperate sellers for dimes on the dollar, and he has the money to do it. AIG may have to sell some good going concerns to raise capital for their more idiotic moves. This market should be a goldmine for Warren and Charlie.

2008 Sep 17 08:57 AM

[User 264576:]

The cream ALWAYS rises to the top in tough times!

2008 Sep 17 04:43 PM

[kurt walter:]

St. Warren is getting hammered, too.

2008 Sep 17 06:02 PM