Warren Buffett Quotes

Warren Buffett is almost as famous for his quotes and one-liners as for his investing - see this selection of Warren Buffett Quotes on Life

Saturday, 29 May 2010

Warren Buffett Stocks and Holdings

Investing Like Warren Buffett - Current Stock Holdings

Warren Buffett is a quiet man but he is rarely out of the news for long. He has been subpoenaed to testify before a U.S. panel examining the causes of the 2008 financial crisis. Mr. Buffett refused earlier requests by the Financial Crisis Inquiry Commission to appear voluntarily, saying he was too busy, so he has been subpoenaed to appear on June 2.

With regards to his stock holdings, what has the Oracle of Omaha been investing in over the last quarter? Overall he has been a seller - the quarterly SEC filing shows that Berkshire Hathaway reduced its stake in 13 holdings, 4 stocks being totally eliminated from their portfolio.

Warren Buffett's largest sales were Kraft and Procter and Gamble

The following is the full list and all changes over Q1 in Warren Buffett's Berkshire Hathaway stock holdings at 18 May 2010.

First of all the buys, as most people will be interested to know what stocks Warren Buffett has been buying despite the fact that overall he has been a seller.

Warren Buffett Share Buys
Becton Dickinson & Co: 1.74 million shares, up from 1.5 million shares last quarter and 1.2 million before three months earlier.
Iron Mountain: 7.79 million shares, up from 7 million shares last quarter and 3.37 million before.
Republic Services: 10.83 million shares, up from 8.29 million.

Stocks Eliminated from the Berkshire Hathaway Portfolio
Sun Trust Bank: Cut to zero from 2.4 million shares.
Travelers Cos: Cut to zero from 27,336 shares.
UnitedHealth: Cut to zero from 1.18 million shares.
Wellpoint: Cut to zero from 1.34 million shares.

Stock Holdings Reduced
Kraft Foods: 106.7 million shares, down 25% from over 138 million.
Carmax: 7.72 million shares, down from 8 million shares last quarter and 9 million shares the quarter before.
ConocoPhillips: 34.17 million shares, down from 37.7 million last quarter and from 62.49 million at the end of June 2009.
Costco Wholesale: 4.33 million shares, down from 5.25 million.
Gannett: 1.74 million shares, down from 2.2 million shares last quarter and down from 3.4 million last year.
Johnson & Johnson: 23.9 million shares, down from just over 27 million shares before. At one point in 2008 the share holding was 62 million
M&T Bank: 5.56 million, down from 6.71 million.
Moody's: 30.83 million shares, down from 31.8 million and 39.2 million a quarter before.
Procter & Gamble: 78.32 million shares, down from 87.5 million.

Stock Holdings Unchanged
American Express: Unchanged - Over 151.6 million shares.
Bank of America: Unchanged. - 5 million shares.
Coca Cola: Unchanged. - 200 million shares
Comcast: Unchanged - 12 million shares
Comdisco: Unchanged - About 1.5 million shares
Exxon Mobil: Unchanged - 421,800 shares.
General Electric: Unchanged - 7.77 million shares.
GlaxoSmithKline: Unchanged 1.51 million shares.
Home Depot: Unchanged 2.76 million shares
Ingersoll-Rand: Unchanged 636,600 shares
Lowe's: Unchanged 6.5 million shares.
Nalco: Unchanged - 9.0 million shares
Nestle: Unchanged - 3.4 million shares
Nike: Unchanged - 7.64 million shares
Sanofi Aventis: Unchanged - 3.9 million shares.
Torchmark: Unchanged 2.82 million shares.
US Bancorp: Unchanged 69 million shares.
USG: Unchanged 17.07 million shares. .
United Parcel Service: Unchanged 1.43 million shares.
Wal-Mart: Unchanged - 39 million shares.
Washington Post: Unchanged 1.72 million shares..
Wells Fargo: Unchanged - 319.5 million shares.
Wesco Financial: Unchanged - 5.703 million shares.

Goldman Sachs: Not listed as holding is preferred stock with warrants.
Harley-Davidson: Not listed as is preferred shares and warrants.
Tiffany & Co: Not listed, as holding is preferred shares and warrants.

For more information on Warren Buffett in general check out Warren Buffett Biography and Warren Buffett Quotes

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Monday, 3 May 2010

Buffett's Billions Back Sachs

Warren Buffett Backs Goldman Sachs Video

Warren Buffett has been on TV today stating his support for Goldman Sachs and Lloyd Blankfein following the SEC's civil fraud charges against Goldman Sachs.

To CNBC and Good Morning America, Mr Buffett said that there is nothing unique about Goldman's Abacus transaction. "When there's a mass delusion, you can say everyone is to blame," Buffett said. "There's no villain." That is Warren Buffett's assessment we are not sure that it is everyone else's.

Given that Warren Buffett has a stake in Goldman Sachs, some people might think that he is merely talking his book, but Buffett says he is "talking his belief" and the fact that he has $5 bn invested in Goldman Sachs proves that he has faith in the management and in the company itself. He said he'd rather have Lloyd Blankfein running the firm than anyone else but he does have $5 bn worth of options on Goldman Sachs shares at $115 each. Goldman’s stock is at $148 at the moment, so he is around 25% up but down from the $184 before the SEC announced its charges.

I've got to say Mr Buffett blaming everyone for making mistakes is a bit disingenuous, "the whole country was involved in a fantasy" he says but not everyone is as financially savvy as the millionaires on Wall Street and not everyone was encouraging people to take out short-term, no down-payment mortgages and then hiking the interest rates so that they couldn't meet the payments. For an alternative view on Warren Buffet and his investment in Goldmans Sachs check out - Buffett Talks His Book on Goldman

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