Berkshire Hathaway’s Recent Shopping (BRKA, BUD, FDC, GPS, IRM, LXK, SJR, WFC)

by: Fat Pitch Financials

Recent SEC filings give us a peek into what Berkshire Hathaway’s managers have been buying and selling, in the form of three recent quarterly institutional managers' holdings reports (1, 2, 3) filed by Berkshire Hathaway (NYSE:BRK.A).

The first thing to notice is that Warren Buffett appears to have increased his Wells Fargo (NYSE:WFC) holdings. I’m a bit surprised by this move given the current lending market.

The filings also reveal the exact amount of Anheuser Busch (NYSE:BUD) Berkshire has accumulated. It was a whopping $1.88 billion worth of shares.

It also looks like a few more shares of First Data Corporation (FDC-OLD) were added. They also tripled the position in Lexmark (NYSE:LXK). It seems Buffett or another manager at Berkshire is very confident about this investment. I’m not so sure I think that Lexmark has a wide moat, but I guess it the attraction must be in the printer cartridge model which is somewhat similar to the Gillette razor blade model.

As previously noted in the press, Berkshire has purchased a large position in Wal-Mart (NYSE:WMT) and this filing shows that it is worth about $900 million. The moat is rather clear with this pick.

It looks like some Gap (NYSE:GPS) shares were sold off this past quarter. I never thought Gap had a wide moat, so I think the selling was a good move. The Iron Mountain (NYSE:IRM) position was also reduced. Shaw Communications (NYSE:SJR) is gone completely.

It’s always interesting to see what Warren Buffett and his other managers have been doing in their portfolios. I’ll be taking a closer look at Lexmark, First Data, and Wells Fargo for my own stock research.

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