Berkshire Hathaway Q1 Changes to Equity Holdings
Tuesday, May 18, 2010 at 10:44AM Last night after the close, Berkshire Hathaway (BRK/a) filed its Form 13F which highlights its equity holdings at the end of the first quarter. Even though the information in this report is already six weeks old, turnover is typically low in BRK/a's portfolio. This means that unlike most hedge funds, there probably have not been too many big changes in BRK/a's holdings since the end of March.
In the table below, we highlight equity positions within Berkshire's portfolio that changed during Q1. Positions highlighted in green indicate that BRK/a's stake in the company increased during the quarter. Non-shaded positions indicate that BRK/a lowered its stake during the quarter. At first glance it would appear that with all the position declines, BRK/a is taking a negative view of the stock market. However, we would note the major reason for all the selling was to raise cash for Buffett's 'all-in' Burlington Northern acquisition that closed on February 16th.
Even though BRK/a sold a million shares in Moody's (MCO) during the quarter, they still own a sizable 13% of the company. BRK/a's actions in Kraft (KFT) highlight Warren Buffett's dissatisfaction with KFT's buy of Cadbury. During the negotiations, Buffett was publicly vocal about his dislike of the merger, and based on his activity in Q1, Buffett voted with his feet and cut BRK/a's stake by nearly 23%. Finally, following the passage of Health Care reform, Buffett seems to have downgraded his view on the Health Care sector. While BRK/a raised its stake slightly in Becton Dickinson (BDX), the firm completely liquidated its stakes in Wellpoint (WLP) and UnitedHealth (UNH).
Want more actionable advice from Bespoke? Subscribe to Bespoke Premium today.
B6CXSNNR5N7J
Reader Comments (3)
Even though BRK/a sold a million shares in Moody's (MCO) during the quarter, they still own a sizable 13% of the company.
I have always liked Outdoor movies, a child standing at the window, looked out from home to
the following. Will be able to see the staff busy figure, a huge white cloth has a child
hang up and soon will be able to see the movie.
hermes replica handbags|
Last night after the close, Berkshire Hathaway (BRK/a) filed its Form 13F which highlights its equity holdings at the end of the first quarter. Even though the information in this report is already six weeks old, turnover is typically low in BRK/a's portfolio. This means that unlike most hedge funds, there probably have not been too many big changes in BRK/a's holdings since the end of March. breitling replica|