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  • Berkshire Hathaway Investment Holdings Divided: Buffett, Combs, And Weschler 0 comments
    May 18, 2014 11:25 AM | about stocks: BRK.A, BRK.B

    On May 15, 2014, Berkshire Hathaway's first quarter 13-F was released identifying the company's new stake in Verizon Communications while also notably showing increased current stakes in Wal-Mart Stores and Liberty Global, and decreasing ownership in DirecTV and General Motors.

    While the filing reveals the moves made by Berkshire itself, it leaves many followers clueless as to which investment manager buys or sells the respective holding. This article purely speculates as to the individual investments made by the three key decision-makers in Omaha.

    Chairman and CEO of Berkshire Hathaway, Warren Buffett, has been at the helm for more than 60 years now and it is believed that he is currently managing roughly $90 billion of the portfolio.

    Possible picks would include (Ranked by holding size, rounded):

    Wells Fargo ~$23 billion

    Coca-Cola ~$16 billion

    American Express ~$13 billion

    IBM ~$13 billion

    Bank of America Warrants ~$11 billion

    Wal-Mart Stores ~$4 billion

    Procter and Gamble ~$4 billion

    Exxon Mobile ~$4 billion

    U.S. Bancorp ~$3 billion

    Moody's ~$2 billion

    Goldman Sachs Group ~$2 billion

    USG ~$1 billion

    Graham Holdings ~$1 billion

    General Motors ~$1 billion

    ConocoPhillips ~$900 million

    Bank of New York Mellon ~$800 million

    Phillips 66 ~$800 million

    M&T Bank ~$600 million

    Costco Wholesale ~$500 million

    General Electric ~$300 million

    Sanofi Aventis ~$200 million

    United Parcel Service ~$60 million

    Johnson and Johnson ~$30 million

    Mondelez International ~$20 million

    Kraft Foods Group ~$10 million

    Adds to ~$102 billion more or less.

    Todd Combs has been with Berkshire since late in 2010 and he is believed to be currently managing around $7 billion.

    Possible picks would include (Ranked by holding size):

    Chicago Bridge & Iron ~$700 million

    National Oilwell Varco ~$700 million

    VeriSign ~$600 million

    Suncor Energy ~$500 million

    Precision Castparts ~$500 million

    WABCO Holdings ~$400 million

    Deere & Co ~$400 million

    DirecTV Group ~$400 million

    Visa ~$300 million

    MasterCard ~$300 million

    Torchmark ~$300 million

    Verisk Analytics ~$100 million

    Adds to about $5.2 billion and this is well short of the $7 or more billion of estimated holdings because Combs may have some of the same bank investments as Buffett. This could possibly include Wells Fargo, U.S. Bancorp, or Bank of New York Mellon to compensate for the $1.8 billion or so missing.

    Ted Weschler joined the company about a year after Todd Combs in late of 2011. He is also believed to manage around $7 billion or so of the Berkshire portfolio.

    Possible picks would include (Ranked by holding size):

    DaVita HealthCare ~$3 billion

    DirecTV Group ~$2 billion

    Liberty Media Capital ~$800 million

    Viacom ~$700 million

    Verizon Communications ~$500 million

    Liberty Global ~$300 million

    Liberty Global C ~$300 million

    Starz ~$200 million

    Media General ~$90 million

    Lee Enterprises ~$400,000

    The total comes to about $7.9 billion, a bit above the mark. It is understood that both Combs and Weschler have DirecTV contributing to their portfolios, but the split between the two is unknown and is likely misrepresented in this speculative analysis.

    Because this article is an opinion of speculative analysis, it is probable to have several detailing errors and a lack of accuracy in the distribution of holdings per individual.

    Disclosure: I am long WFC, XOM, BAC, NOV, BRK.B.

    Stocks: BRK.A, BRK.B
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