Warren Buffett is one of the wealthiest men in the world. The chief executive officer and largest shareholder of Berkshire Hathaway (NYSE:BRKA) has successfully navigated decades of market turmoil, becoming a billionaire in the process. As a result, he is also one of the most closely followed investors. Courtesy of a new filing, individual investors have a peek at how Buffett is investing.
Many institutional investment managers recently filed their mandatory 13-F with the Securities & Exchange Commission. The filing is a quarterly report of equity holdings required by managers that oversee more than $100 million in qualifying assets and must be filed within 45 days of the end of each quarter. The 13-F provides a glance at what hedge funds did in the previous quarter, but investors should keep in mind that hedging and trading strategies of each fund are still unknown.
The Oracle of Omaha is best known as a value investor who takes large positions in well-established companies, waiting for Mr. Market to value them properly. His recent filing with the SEC reaffirms that image. Berkshire added new positions in DISH Network (NASDAQ:DISH) and Suncor Energy (NYSE:SU), but his biggest investments include some of the most popular blue chips known to Wall Street.
Here’s a look at Berkshire’s top ten stocks, according to dollar value at the end of June.
10. Moody’s Corporation (NYSE:MCO):
YTD: 28.3 percent
Berkshire reduced its shares in the ratings agency during the second quarter, but still held 24.9 million shares, worth $1.52 billion at the end of June.
9. DaVita HealthCare Partners (NYSE:DVA):
YTD: 1.5 percent
The stake in the healthcare company is most likely the work of Buffett’s managers, Ted Weschler and Todd Comb, but Berkshire held nearly 15 million shares, worth $1.81 billion at the end of June.
8. DIRECTV (NASDAQ:DTV):
YTD: 18.9 percent
Berkshire held 37.3 million shares of the satellite provider at the end of the second quarter, worth $2.3 billion. In comparison, Berkshire’s new position in DISH Network was valued at $524 million.
7. U.S. Bancorp (NYSE:USB):
YTD: 15.7 percent
The Minnesota-based bank was in high demand at Berkshire as the firm increased its stake by almost 17 million shares to 78.3 million shares during the second quarter, worth $2.83 billion.
6. Wal-Mart (NYSE:WMT):
YTD: 8.6 percent
Berkshire held 49.2 million shares of the world’s largest retailer at the end of the second quarter, worth $3.67 billion.
5. Procter & Gamble (NYSE:PG)
YTD: 17.7 percent
During the second quarter, Berkshire kept its stake in the Ohio-based company at 52.8 million shares, worth $4.06 billion.
4. American Express (NYSE:AXP):
YTD: 30.9 percent
Berkshire held 151.6 million shares of the credit card giant at the end of the second quarter, worth $11.33 billion.
3. International Business Machines (NYSE:IBM):
YTD: -3.1 percent
The information technology is the most influential blue chip in the Dow Jones Industrial Average, and one of Buffett’s biggest holdings. Berkshire held 68.1 million shares of IBM at the end of the second quarter, worth $13.02 billion.
2. The Coca-Cola Company (NYSE:KO):
YTD: 7.6 percent
Berkshire held 400 million shares of the world-known beverage company at the end of the second quarter, worth $16.04 billion.
1. Wells Fargo (NYSE:WFC):
YTD: 25.2 percent
The nation’s largest bank by market capitalization is also Buffett’s top holding. Berkshire held 463.1 million shares of Wells Fargo at the end of the second quarter, worth $19.1 billion.
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