Warren Buffett’s Berkshire Hathaway stock holdings for Q4 2010 was filed on 2/14/2011. There has been a lot stock activity, with additions made to Wells Fargo & Co, reductions to Bank of New York Mellon, Moody’s, and complete sell offs in Bank of America, Becton & Dickinson, Comcast, Fiserv Inc, Lowes, Nalco Holding Co, Nestle, and Nike.
Berkshire’s New Stock Holdings:
Berkshire’s Stock Additions:
Wells Fargo & Co. [WFC]
– Berkshire increased its holdings in the bank again by 6,215,080 shares (1.8%), bringing the total to 342,623,925 shares. On 12/31/2010, the total value of Berkshire’s holdings in WFC was approximately $10.6 billion. In the 3rd quarter of 2010, Berkshire had also added the stock to its holdings. In 2009 WFC was added in 3 of the 4 quarters.
Berkshire’s Stock Reductions:
Bank of New York Mellon Corp. [BK]
– Bank of New York Mellon (BNY Mellon) was a new stake last quarter, but was reduced by 198,844 shares (9.9%) in the 4th quarter. Berkshire’s holdings in the bank were at 1,793,915 shares by the end of Q4, with a value of about $54.1 million dollars.
Moody’s Corp. [MCO]
– Berkshire has continued to reduce its holding since Q2 2009. This quarter a reduction of 458,506 shares (1.5%). The value of the holdings at the end of the quarter was $$754 million and 28,415,250 shares. See Berkshire article on reduction of Moody’s shares:
Berkshire’s Stock Sell Offs:
Bank of America Corp [BAC]
– During the quarter, Berkshire’s sold off its remaining 5,000,000 shares of one of the country’s largest banks.
Becton Dickinson & Co. [BDX]
– Berkshire eliminated its holdings, by selling off its remaining 1,889,889 shares.
Comcast Corp [CMCSK]
– Continuing from last quarter, Berkshire sold off its remaining 186,897 shares of the country’s most well known and largest (market value) cable services company. Last quarter (Q3) it reduced its holdings by -98.44%.
Fiserv Inc [FISV]
– After having significantly reduced its holdings of Fiserv Inc. during the third quarter, it eliminated its remaining 3,910,800 shares in the 4th quarter.
Lowes Companies Inc [LOW]
– Berkshire eliminated its remaining 6,500,000 shares during the fourth quarter.
Nalco Holding Co. [NLC]
– During the 4th quarter all remaining 6,142,300 shares of Nalco Holding Co was sold off. During the 3rd quarter of 2010, Berkshire had already reduced its holding in the company.
– All remaining 3,400,000 shares of Nestle had been sold off in during the 4th quarter.
Nike Inc. [NKE]
– In the fourth quarter Berkshire eliminated its remaining 3,642,929 shares. This follows its large -52.32% reduction in the third quarter. Nike had been a long time holding of Berkshire Hathaway.
You can view the 2/14/2011 SEC filing which discloses Berkshire Hathaway stock holdings here:
The filing does not differentiate between investments Berkshire Hathaway makes and investments its subsidiaries make, or investments Warren Buffett himself makes as the chairman and chief executive of the company. Buffet usually makes his stock investments for Berkshire Hathaway through his insurance arms (Berkshire Hathaway Life Insurance Co. of Nebraska, Columbia insurance Co, GEICO, National Indemnity Co, Wesco, etc.).
Disclosure: I own shares in Wells Fargo & Co, and Berkshire Hathaway.
Recommended Warren Buffett Related Books:
Although it is easy to follow and copy Warren Buffett’s stock moves (purchases/sales), we can only learn of his actions months after it has been done (SEC filing is always a bit later for Berkshire Hathaway). We would never know for sure why the move was made or what other reasons were behind it. Is it because he no longer likes something about the businesses? Could it be a move to free up capital or reduce taxes? Why buy/sell one company over another similar company? What investment need does a purchase fill in his overall strategy for the company?
Buffett recommends investors who want to learn how he invests, to read his past annual reports from the Berkshire Hathaway website. He also suggests to read books that he specifically endorses and recommends. The following is list of those few books (I’ve have read these myself and learned to invest like Buffett):
All of the above books are also featured in my Amazon.com and Amazon.ca Associates Store.
Thanks and Happy Investing! – The Investment Blogger © 2011