The 27 Stocks in the Buffett Portfolio
We analyze the equity holdings of Berkshire Hathaway.
Periodically, we take a look at the stock holdings of Berkshire Hathaway (BRK.B). Berkshire, of course, is the holding company run by Warren Buffett, one of the all-time great investors. Each quarter, the company files a 13F form with the SEC, which details the equity holdings of Berkshire and its subsidiaries.
Based on the company's latest 13F, which disclosed holdings as of March 31, Berkshire continues to whittle down the size of its equity portfolio. The company disclosed positions in 27 stocks, down from 30 the previous quarter, which in turn was down from 32 the first time we did this piece over a year ago. Berkshire has had trouble finding bargains the past few years, whether in equities, bonds, or acquisitions. The latest stocks dropped were Dover (DOV), which Berkshire had already been selling in the previous quarter, and Automatic Data Processing (ADP). (Also missing was Cadbury Schweppes (CSG), which Berkshire doesn't have to disclose because it owns the local shares in London, not the ADRs that trade in the U.S.)
We know of at least one addition Berkshire made after the 13F was filed. The company exercised warrants it held to purchase a 16% stake in White Mountains (WTM), a great little insurance company known for its underwriting discipline and ability to turn around struggling insurance firms.
Haywood Kelly, CFA has a position in the following securities mentioned above: BRK.B. Find out about Morningstar’s editorial policies.