Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Changes To Berkshire Hathaway’s Portfolio During The Second Quarter

ByDavid Kass
Published 08/17/2012, 01:34 AM
Updated 07/09/2023, 06:31 AM

In its SEC 13F filing on August 14, 2012, Berkshire Hathaway revealed several significant changes to its equity portfolio that were made during the second quarter. The largest addition was the purchase of 16.7 million shares of Wells Fargo (WFC) with a current market value of $570 million. This resulted in an increase of 4% in Berkshire’s stake in the company. The second largest purchase was for 12.7 million shares of Phillips 66 (PSX), currently valued at $525 million. This increased Berkshire’s holdings by 88%. The third largest purchase was for 3.3 million shares of Davita (DVA), currently valued at $325 million, increasing Berkshire’s stake by 55%.

Berkshire’s largest sales during the second quarter were 18.7 million shares of Johnson & Johnson (JNJ) ($1.3 billion, 64% of stake), 13.7 million shares of Procter & Gamble (PG) ($920 million, 19% of stake), and 19.2 million shares of Kraft (KFT) ($780 million, 25% of stake).

Warren Buffett has been adding to his Wells Fargo holdings every year since 2005. The additions to Berkshire’s holdings in Phillips 66 and Davita were most likely investments by recently hired portfolio managers Todd Combs and Ted Weschler. The sales of shares in Johnson & Johnson, Procter & Gamble, and Kraft were apparently decisions made by Warren Buffett.

Since the 13F report did not mention that confidential information had been omitted, then most likely Warren Buffett was not accumulating a large position in one or more companies during the second quarter. Last year Berkshire received confidential treatment while it was accumulating $11 billion of IBM.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.