Warren Buffett Triples Lexmark, Sold Shaw Communications, Reveals Holdings in Wells Fargo

Author's Avatar
Feb 15, 2006
Warren Buffett's Investment Company, Berkshire Hathaway, tripled its holdings in Lexmark International (LXK, Financial) to 3 million shares during the fourth quarter of 2005, according to the 13F filings Berkshire Hathaway (BRK-A, BRK-B ). Berkshire also added slightly to its holdings in First Data Corp. (FDC, Financial), its current position in First Data Corp is 10 million shares. Compared with the previous quarters, Berkshire made very minor stock purchases in the last quarter. In the previous quarters, Warren Buffett took large positions in Anheuser-Busch (BUD) and Wal-Mart (WMT).


Warren Buffett eliminated his holdings in Shaw Communications Inc. (SJR, Financial) during past quarter, after reducing his positions in Shaw Communications Inc. previously. He also reduced his positions in Iron Mountain Inc. (IRM), Gap Inc. (GPS) and Sealed Air Corp. (SEE). His current holdings in Iron Mountain Inc. (IRM) is 3,948,800 shares, which is a 21% reduction from the previous quarter; his current holdings in Gap Inc. is 10 million shares, which is a 35% decrease from the previous quarter; and that in Sealed Air Corp is 955,600 shares. Currently each of these 3 positions weigh less than 0.5% of in Berkshire's equity holdings.


Warren Buffett also revealed his holdings in Wells Fargo & Co. (WFC, Financial) today, after disclosing his holdings in H. R. Block (HRB ) and Torchmark Corp. (TMK) in January. During the third quarter of 2005 Buffett kept his holdings in these companies confidential. As revealed by the amended filings of Berkshire Hathaway, Warren Buffett added his positions in Wells Fargo & Co. (WFC) by about 50%. Currently Berkshire holds 85 million shares of Wells Fargo. Wells Fargo is now the 4 th largest equity holding of Berkshire Hathaway, behind Coca-Cola Co. (KO), American Express Co. (AXP) and Procter & Gamble Co. (PG).