- Warren Buffett: Stocks Will Outperform Gold and Bonds .. and They're Safer 'By Far'
- 'Buffett Rule' Introduced in Senate But Passage Unlikely Amid GOP Opposition
- Warren Buffett Matching Illinois Teen's $300 Deficit Donation
- Warren Buffett Defends His Secretary From 'Ridiculous' Attacks
- Does Warren Buffett's Secretary Really Make Over $200,000?
- Warren Buffett's Secretary 'Excited' About State of the Union Role
- Warren Buffett Offers Millions in Deficit Donations, If ...
- Warren Buffett Sings and Plays Ukulele for Chinese New Year
- Warren Buffett Partied With Jay-Z Last Night
- 'Impressed' and 'Delighted' Warren Buffett Matches GOP Rep's Deficit Donations
RSS FEED
MOST SHARED
- We're Not Greece: Italian Prime Minister Monti
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- To Play Senate Cybersecurity Bill, Cramer Likes Fortinet Stock
- Greek Cabinet Approves EU, IMF Bailout Bill
- Special Feature: Wall Street History - How Wall Street Got Its Name
- How to Trade the Turmoil in Greece
- Private Homebuilders: Dead Men Walking
- Why Cramer Likes Select Comfort Over Tempur-pedic Stock
- Cramer: 10 Earnings to Watch Next Week
- Lightning Round: Trina Solar, Zoltek, Affymax and More
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
- Greek Cabinet Approves EU, IMF Bailout Bill
- We're Not Greece: Italian Prime Minister Monti
- Private Homebuilders in the US: Dead Men Walking
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- New York Fashion Week Fall 2012
- NetNet: Why Saving Greece Could Destroy the World
- My Funny Valentine: When Love and the Fed Collide
Warren Buffett Watch
Text Size 
Warren Buffett's Berkshire Hathaway Sharply Boosts ConocoPhillips Stake
 |
] 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. That makes Berkshire the biggest holder of Conoco shares, with 5.6 percent of the shares outstanding.
In mid-May, Berkshire reported holding 17.5 million shares as of March 31. That means Berkshire's stake in Conoco increased almost five-fold over six months.
Its Conoco holdings were kept confidential and not included in its portfolio snapshot released in mid-August for the end of the second quarter. A separate filing tonight reveals that Berkshire held 59.7 million shares as of June 30.
At today's closing price of $47.39, Berkshire's stake in Conoco is worth almost $4 billion, and accounts for 7.3 percent of its U.S. stock portfolio. Conoco's stock has dropped almost 32 percent since September 30. At that point, the stake was worth just over $6 billion.
 |
Today's filing for the third quarter also reveals a new 2.9 million share stake in Eaton Corporation. [ETN
Loading...
()
] That stake was worth about $163 million as of September 30. The stock has dropped 23.5 percent since then, bringing the market value of the holdings down to just under $120 million. Eaton describes itself as a "diversified power management company."
 |
Berkshire increased its holdings in NRG Energy [NRG
Loading...
()
] to 5 million shares from 3.2 million shares, an increase of 54 percent. Berkshire first started buying NRG shares during the second quarter of this year.
Aside from those three stocks, Buffett wasn't doing any buying for Berkshire through the end of September. Stock market declines accelerated in October, and in the middle of the month Buffett wrote in the New York Times that he'd been enthusiastically picking up U.S. stocks for his personal account. We'll almost certainly have to wait until Berkshire's December 31 snapshot is released in mid-February to see if he was also buying after September 30 for the company's portfolio.
 |
Berkshire's stake in Bank of America [BAC
Loading...
()
] was almost cut in half during the third quarter, dropping 45 percent to 5 million shares from just over 9 million.
Carmax [KMX
Loading...
()
] dropped to 18.4 million shares from 21.3 million, a decline of 13.4 percent.
Berkshire stake in Home Depot [HD
Loading...
()
] dropped by 11.5 percent, to 3.7 million shares from 4.2 million.
Lowe's [LOW
Loading...
()
] was trimmed by 7.1 percent to 6.5 million shares from 7 million.
Data is a real-time snapshot *Data is delayed at least 15 minutes
