Thursday, February 15, 2007

Notable Changes from Berkshire Hathaway's 13F

While Warren Buffett is no activist investor he is arguably the best value investor of all time. Value is the basis of much activism. Here is a breakdown of his latest moves as noted at the Insider Trades section of our main website. Link To Original Article

Below is a list of changes from Warren Buffett's Berkshire Hathaway portfolio when comparing the newly released 13F for the quarter ended December 31, 2006 to the 13F for the quarter ended September 30, 2006.

NEW: Ingersoll-Rand (NYSE: IR) new 636,600; Unitedhealth Group, Inc. (NYSE: UNH) new 1,021,400; US Bancorp (NYSE: USB) new 23,307,300 (stake disclosed yesterday in delayed filing but firm held 6.1M shares at 03/31/06, 22.1M shares at 06/30/06 and 23.3M shares at 08/30/06)

Raised Stakes: USG Corporation (NYSE: USG) from 16,700,992 to 17,072,192; Wells Fargo (NYSE: WFC) from 190,641,600 to 204,022,100

Reduced Stakes: Ameriprise Financial Inc. (NYSE: AMP) from 19.26 million shares to 8.27 million shares; H & R Block (NYSE: HRB) from 10,971,000 to 4,113,400; Comcast Corp (Nasdaq: CMCSA) from 11,110,200 to 8,000,000; OSI Restaurant Partners, Inc. (NYSE: OSI) from 1,818,800 to 0 (buyout); Pier 1 Imports (NYSE: PIR) from 3,290,000 to 1,483,400; Sealed Air Corporation (NYSE: SEE) from 677,700 to 0; Target Corp (NYSE: TGT) 745,700 to 0

Maintained Stakes: American Express (NYSE: AXP), American Standard (NYSE: ASD), Anheuser Busch (NYSE: BUD), Coca Cola (NYSE: KO), Comdisco Holding (OTCBB: CDCO), ConocoPhillips (NYSE: COP), Costco (Nasdaq: COST), First Data (NYSE: FDC), Gannett (NYSE: GCI), General Electric (NYSE: GE), Home Depot (NYSE: HD), Iron Mountain (NYSE: IRM), Johnson & Johnson (NYSE: JNJ), Lowes Companies (NYSE: LOW), M & T Bank (NYSE: MTB), Moody's (NYSE: MCO), Nike Inc. (NYSE: NKE), PetroChina Co. Ltd. (NYSE: PTR), Proctor & Gamble (NYSE: PG), Sanofi Adventis (NYSE: SNY), Servicemaster Company (NYSE: SVM), Sun Trusts Banks (NYSE: STI), Torchmark (NYSE: TMK), Tyco International (NYSE: TYC), United Parcel Service Inc. (NYSE: UPS), Wal-Mart Stores (NYSE: WMT), Washington Post (NYSE: WPO), Wesco Financial Corp. (NYSE: WSC), Western Union (NYSE: WU).

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Anonymous David Neubert said...

Very useful info. I didn't realized Berkshire Hathaway Held Home Depot (HD). When did he acquire it? The stores and the company seem in such bad shape I'm starting to think of HD as a turnaround story.

I own Home Depot(HD) and Berkshire Hathaway (BRK.A)

4:50 PM  
Blogger Lon said...

Hi David,

Buffett's been in HD for some time.

He owns about 4M shares now, which is down from the 5M he owned as of Dec, 31 2005.

At June 30, 2005 he owned 945,000 shares. It looks like some time between March 31, 2005 and June 30, 2005 he put on the trade.

HD looks like a turnaround story. But I don't know if Buffett believes in the turnaround story or not. Next quarter's filing will be interesting. He could be raising or lowering his stake based on the recent events. Of course he could just do nothing and maintain the position.

11:03 AM  

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