There’s no question that Warren Buffett is one of the most successful investors in the history of our world. The largest Berkshire Hathaway shareholder – and chairman and CEO – has been able to navigate his way through numerous bear and bull markets, all while becoming a multibillionaire throughout the process. Because of this, he is even one of the most followed investors in the world. And because of the latest, most recent filing, regular investors have the opportunity to take a peek at what Buffett is currently investing in.
Many of today’s institutional investment managers recently filed the mandatory 13-F with the SEC (Securities and Exchange Commission). This is a quarterly report filing of all equity holdings from managers that oversee at least $100 million or more in qualifying assets. This report must be filed within 45 days at the end of each quarter. The report will give you a quick glimpse at what hedge funds did during the past quarter, but please remember that each fund’s strategies and trading methods aren’t known, so take this information with the grain of salt.
Warren Buffett – also known as the Oracle of Omaha – is mostly known as a value investor. He will take large positions in companies that are well-established players and their market, and wait for Mr. Market to properly value them. His most recent filing with the SEC confirms this strategy. Berkshire Hathaway added to its positions in VeriSign and Suncor Energy, but the biggest Berkshire Hathaway investments include some of the largest, most popular blue chip stocks on Wall Street. Let’s take a look at the top 10 stocks owned by Berkshire Hathaway, based on their dollar value at the end of the third-quarter.
10. Goldman Sachs – it’s year-to-date performance has risen by 28%. Goldman Sachs did not show on the most recent 13-F, but it is widely known that Berkshire owns $2.1 billion worth of shares, which equates to 13 million shares in total. Berkshire Hathaway acquired the shares through warrants that they gained from an investment made during the financial crisis that started five years ago.
9. DirecTV – this company has also performed well by rising 28% this year. Berkshire Hathaway currently has 36.5 million shares of this company at the end of the third-quarter. In total, the position is worth about $2.2 billion. For comparison’s sake, Berkshire owned 37.3 million shares at the end of the second quarter, so they sold off a portion of the position.
8. U.S. Bancorp – the year-to-date performance is a 20% gain in value. This bank based out of Minnesota continuously appears to be one of Buffett’s favorites. He increased the stake a bit during the third quarter and now has 79.1 million shares, worth a total of $2.9 billion.
7. Exxon Mobil – the stock has risen 8% in value this year. It is also the world’s largest publicly traded oil company and is a brand-new Berkshire Hathaway position. At the end of September 2013, Berkshire owned 40.1 million shares worth a total of $3.4 billion. This is the first time Berkshire Hathaway has owned Exxon Mobil since 2011. Interesting to note during the third quarter, Buffett pulled back on his ConocoPhillips position by around 10.6 million shares.
6. Walmart – the year to date performance of the company is a rise in value by 16%. At the end of the third-quarter in 2013, Buffett and Berkshire Hathaway owned 49.2 million shares of the retail giant. The total value of the shares is worth around $3.6 billion.
5. Procter & Gamble – the stock has risen by 24% year to date. Leading up to the third quarter, Buffett left his stake in the company based out of Ohio at 52.8 million shares. This is estimated to be worth about $4 billion.
4. American Express – the AMEX year-to-date performance is a rise in value by 42%. At the time of this writing, Berkshire Hathaway currently owns 151.6 million shares of the credit card company. The total estimated worth of the position is $11.4 billion.
3. International Business Machines (IBM) – the year-to-date performance is a loss in value of 5%. IBM is considered one of the most influential blue chips on the Dow Jones industrial average. It is also one of Berkshire Hathaway’s biggest holdings. They have 68.1 million shares worth an estimated $12.6 billion.
2. Coca-Cola – the stock has risen 11% in value year to date. Berkshire Hathaway currently holds 400 million shares of the most recognized beverage company in the world. The value of these shares is $15.2 billion.
1. Wells Fargo – this bank stock has risen by 26% year to date. This is the nation’s biggest bank by market capitalization. It is also Warren Buffett’s top holding. Berkshire currently owns 463.1 million shares of the banking giant, and the shares are estimated to be worth $19.1 billion.