Warren Buffett's New Stocks
Video summary of Warren Buffett's current thinking about stocks, the economy and the housing market by Becky Quick of CNBC - scroll dow to see the list fo Warren Buffett's most recent stock picks
Berkshire Hathaway has reported that it has taken new positions in 6, one of which is IBM. Each stake, apart from IBM, is worth around $200 million, and Buffett doesn't deal in such small amounts so they were presumably bought by Todd Combs.
Warren Buffett bought $10.7 billion of IBM common stock this year - 64 million shares at an average price of $170, but he doesn't intend buying any more (unless the price drops).
Todd Combs bought.
DIRECTV (DTV) 4,249,400 shares, now worth $193.9 million.
General Dynamics (GD) 3,064,422 shares, now worth $200.1 million.
Visa 2,291,708 shares, now worth $215.0 million.
CVS Caremark (CVS) 5,661,000 shares, now worth $219.5 million.
Intel (INTC) 9,333,000 shares, now worth $229.9 million.
Berkshire also increased its stakes in two other stocks:
Dollar General (DG) - tripled stake to 4,497,247 shares.
Wells Fargo (WFC) increased stake by 3% to 361,369,808 shares, now worth almost $9.1 billion
Wells Fargo is a Buffett stake. Dollar General is Combs'.
Today's 13-F reports a 50 percent increase in shares of Torchmark [TMK 42.69 0.44 (+1.04%) ] held by Berkshire. That, however, is the result of a 3 for 2 stock split that became effective on July 5, just after the start of the third quarter. It is not the result of new buying by Berkshire.
Berkshire also did some selling, with significant reductions for two stocks and the size indicates Buffett took the decision.
Johnson & Johnson (JN) - decreased stake by 12% to 37,446,788 shares
Kraft Foods (KFT) - decreased stake by 10% to 89,746,708 shares