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Warren Buffett's Berkshire Hathaway was busy in the third quarter. The company's quarterly stock portfolio filing with the SEC shows that during the three months ending September 30, Berkshire added a new stake in Bank of New York Mellon, while eliminating holdings in five companies.
Warren Buffett's Berkshire Hathaway boosted its stake in Johnson & Johnson by 73 percent between March 31 and June 30, adding 17.4 million shares worth just over $1 billion at today's closing price of $58.01.
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A number of hedge fund heavyweights showed their hands as 13-F filings begin to hit the tape. Following are the moves that the Fast Money traders find noteworthy.
Warren Buffett's Berkshire Hathaway sold a lot of stock during the first three months of the year, including a reduction of over 31 million shares for its stake in Kraft Foods spacer. That sale follows his outspoken criticism of Kraft and its management for acquiring Cadbury's. Berkshire has also been raising money to pay for its now-completed $26 billion acquisition of the freight railroad Berkshire Hathaway Santa Fe.
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With data from ThomsonReuters, we took a look at which stocks have consensus estimates farthest above their stock prices (as of market close on 12/4/09).
In what appears to be a bet consumers will stick with discount retailers even after the economy rebounds, Warren Buffett's Berkshire Hathaway increased its Wal-Mart holdings by almost 90 percent during the summer. It added almost 18 million shares, currently worth almost $1 billion, in the third quarter.
With data from ThomsonReuters, we took a look at which stocks have consensus estimates farthest above their stock prices (as of market close on 9/30/09).
Warren Buffett's Berkshire Hathaway was doing more selling than buying of stocks during the second quarter, but there is one new holding: New Jersey-based medical technology company Becton Dickinson. Berkshire also added to its stake in Johnson & Johnson, although the holdings are still well below where they were before Buffett sold over 33 million shares last fall.
Even though Warren Buffett always says he likes stocks more when they're cheaper, he didn't do a lot of buying as Wall Street's major indexes fell to their bear-market lows (so far) in early March. Berkshire Hathaway's first quarter stock portfolio snapshot shows no blockbuster buys. A few stakes did, however, get bigger during the first three months on the year.
We are at the beginning of a bull market right now, said 5-star fund manager, Bernard Lirola at Needham Aggressive Growth Fund.
The S&P 500 may be up 2.8 percent this year, but investors who hold the top performing 5-Star funds are doing significantly better than that. In fact, one 5-star Morningstar fund is up an astounding 42.59 percent.
The cash is finally leaving the sidelines, according to Congress Asset Management's Peter Andersen, and he's got some ideas about where the early dollars ought to be going.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
Warren Buffett's Berkshire Hathaway has added a new stake in NRG Energy, according to a just-released portfolio 'snapshot' of its holdings in U.S. publicly-traded stocks as of June 30. A sharply reduced stake in Anheuser-Busch may have been a bet that InBev's initially unsolicited offer for the U.S. brewer would prove to be unsuccessful. Conoco-Phillips data is kept "confidential."
What's Buffett buying? The answer appears to be 'not much' in the first quarter of this year, although his stakes in two healthcare companies and Kraft Foods did increase somewhat. Berkshire Hathaway's just-released disclosure of its U.S. stock portfolio holdings as of March 31 does not include any new names.
Warren Buffett's Berkshire Hathaway has accumulated an 8.6% stake in Kraft Foods, totaling over 132 million shares as of the end of the fourth quarter on December 31. That stake was worth $4.3 billion at that time. At today's closing price of $29.31, it's worth about $3.9 billion. EXPLORE WARREN BUFFETT'S INVESTMENTS WITH OUR NEW BERKSHIRE HATHAWAY PORTFOLIO TRACKER