Warren Buffett’s Berkshire Hathaway stock holdings for Q1 2011 was filed on 5/16/2011. But unlike last quarter (Q4 2010) there has been little stock activity, with a reduction to ConocoPhillips and a new stake in MasterCard.
In Q4 2010 Berkshire made additions 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:
MasterCard Incorporated [MA]
– A new stake was initiated in MasterCard Incorporated. MasterCard is one of the best known global payment companies that offers services in support of credit, debit, prepaid and related payment programs.
– A total of 216,000 shares of MasterCard were purchased in the 1st quarter of 2011, and was worth about $54.3 million ($54,372,000) as of 3/31/2011. Buffett has always invested heavily in financial services and banking, especially during difficult economic times. Past investments include American Express, Bank of NY Mellon, Salomon Brothers, US Bancorp, Goldman Sachs, Wells Fargo, M & T Bank, Sun Trust, etc.
Berkshire’s Stock Additions:
Berkshire’s Stock Reductions:
– As Buffett has mentioned in his 2008 annual report and in Q1 2009, Berkshire intends to continue to reduce its stake in the oil giant. This quarter, Berkshire reduced its holdings slightly by 0.03% or 8,000 shares. Its remaining share total was 29,101,637 at the end of the quarter, with a value of $2.34 billion ($2,324,057,000).
– Berkshire had been reducing its holdings of the oil company since Q4 2008. Prior to reducing, at the quarter ended September 30, 2008 (Q3 2008), its holdings in ConocoPhillips was 83,955,800 shares valued at $6.1 billion ($6,149,762,000). Since then, Berkshire has reduced its stake in the company by 65.34% or 54,854,163 shares.
Berkshire’s Stock Sell Offs:
You can view the 5/16/2011 SEC filing which discloses Berkshire Hathaway stock holdings here:
The filing does not differentiate between investments that Berkshire Hathaway, its subsidiaries, or Warren Buffett himself make as the chairman and chief executive of the company. Buffett 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 of Berkshire Hathaway.
Recommended Warren Buffett Related Books:
Although its easy to follow and copy Warren Buffett’s stock moves (purchases/sales), we 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 books that he specifically endorses and recommends, as well as past Berkshire Hathaway annual reports. The following is list of those few books (I’ve have read these myself and learned to invest like Buffett):
Thanks and Happy Investing! – The Investment Blogger © 2011