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The 30 Stocks in the Buffett Portfolio

We analyze the equity holdings of Berkshire Hathaway.

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It's a happy time of year for  Berkshire Hathaway (BRK.B) shareholders and Warren Buffett watchers. Berkshire, of course, is the holding company run by Buffett, one of the all-time great investors. In a few days Berkshire Hathaway will release its 2003 shareholder report (Saturday, March 6, to be exact), which contains both Berkshire's full-year results and a lengthy commentary from Buffett. And in mid-February, Berkshire filed its 13F reports with the SEC. A 13F form details the equity holdings of large institutional investors, including insurance companies like Berkshire Hathaway. These 13Fs give us a periodic peek inside of Berkshire's equity portfolio.

Once Berkshire's annual report comes out, we'll be updating our Analyst Report on the stock. Here, we examine the equity portfolio.

If it were a mutual fund, Berkshire's equity portfolio would rank ninth-largest among domestic-equity funds, right on par with  Fidelity Contrafund (FCNTX) and  Dodge & Cox Stock (DODGX), and about one third the size of  Vanguard 500 Index  (VFINX). But whereas most funds would spread those assets among a hundred or more holdings, Berkshire concentrates them in just 30 stocks.

Haywood Kelly, CFA has a position in the following securities mentioned above: BRK.B. Find out about Morningstar’s editorial policies.