This is the Q3 portfolio update of Warren Buffett’s investment company Berkshire Hathaway. With the retirement of Lou Simpson and incoming to Todd Combs, there is a lot of change with the portfolio.
Berkshire sold out small positions such as RSG, IRM, KMX, NRG, HD. Those seem to be Lou Simpson’s picks. With his retirement, we will probably see some Todd Combs’ favorite stocks in Berkshire’s portfolio next quarter.
Berkshire added into Wells Fargo and Johnson & Johnson, which are Warren Buffett’s favorite stocks. It continues to reduce Moody’s. Although a profitable investment, Warren Buffett could have made much more money if he had sold the shares in 2007. Warren Buffett did not continue to sell ConicoPhilips.
As of 09/30/2010, Berkshire Hathaway owns 33 stocks with a total value of $48.6 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Warren Buffett
Added: Wells Fargo & Company (WFC, Financial)
Warren Buffett added to his holdings in Wells Fargo & Company by 5.1%. His purchase prices were between $23.25 and $28.57, with an estimated average price of $26.11. The impact to his portfolio due to this purchase was 0.84%. His holdings were 336,408,845 shares as of 09/30/2010.
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $144.13 billion; its shares were traded at around $27.54 with a P/E ratio of 15.92 and P/S ratio of 1.46. The dividend yield of Wells Fargo & Company stocks is 0.73%. Wells Fargo & Company had an annual average earning growth of 5.1% over the past 10 years.
Added: Johnson & Johnson (JNJ, Financial)
Warren Buffett added to his holdings in Johnson & Johnson by 3.16%. His purchase prices were between $57.02 and $62.43, with an estimated average price of $59.49. The impact to his portfolio due to this purchase was 0.17%. His holdings were 42,624,563 shares as of 09/30/2010.
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $175.38 billion; its shares were traded at around $63.67 with a P/E ratio of 13.4 and P/S ratio of 2.83. The dividend yield of Johnson & Johnson stocks is 3.39%. Johnson & Johnson had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
New Purchase: Bank Of Ny Mellon Cp (BK, Financial)
Warren Buffett initiated holdings in Bank Of Ny Mellon Cp. His purchase prices were between $24.16 and $26.85, with an estimated average price of $25.46. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,992,759 shares as of 09/30/2010.
Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of Ny Mellon Cp has a market cap of $33.37 billion; its shares were traded at around $27.49 with a P/E ratio of 11.75 and P/S ratio of 2.45. The dividend yield of Bank Of Ny Mellon Cp stocks is 1.31%.
Reduced: Nike Inc. (NKE, Financial)
Warren Buffett reduced to his holdings in Nike Inc. by 52.32%. His sale prices were between $67.21 and $80.64, with an estimated average price of $72.97. The impact to his portfolio due to this sale was -0.66%. Warren Buffett still held 3,642,929 shares as of 09/30/2010.
Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. Nike Inc. has a market cap of $39.48 billion; its shares were traded at around $82.62 with a P/E ratio of 20.81 and P/S ratio of 2.08. The dividend yield of Nike Inc. stocks is 1.31%. Nike Inc. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Nike Inc. the business predictability rank of 4.5-star.
Reduced: Comcast Corp. Special (CMCSK, Financial)
Warren Buffett reduced to his holdings in Comcast Corp. Special by 98.44%. His sale prices were between $15.98 and $18.49, with an estimated average price of $17.2. The impact to his portfolio due to this sale was -0.63%. Warren Buffett still held 186,897 shares as of 09/30/2010.
Comcast Corporation is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Corp. Special has a market cap of $55.45 billion; its shares were traded at around $19.18 with a P/E ratio of 15.34 and P/S ratio of 1.55. The dividend yield of Comcast Corp. Special stocks is 1.97%. Comcast Corp. Special had an annual average earning growth of 8.5% over the past 10 years.
Reduced: Ingersollrand Company Ltd. (IR)
Warren Buffett reduced to his holdings in Ingersollrand Company Ltd. by 88.71%. His sale prices were between $32.53 and $38.15, with an estimated average price of $35.33. The impact to his portfolio due to this sale was -0.39%. Warren Buffett still held 636,600 shares as of 09/30/2010.
Ingersoll Rand Company is one of the providers of security and safety, climate control, industrial productivity and infrastructure products. Ingersollrand Company Ltd. has a market cap of $13.56 billion; its shares were traded at around $42.01 with a P/E ratio of 18.34 and P/S ratio of 1.03. The dividend yield of Ingersollrand Company Ltd. stocks is 0.67%.
Reduced: Nalco Holding Company (NLC)
Warren Buffett reduced to his holdings in Nalco Holding Company by 32.87%. His sale prices were between $20.93 and $25.78, with an estimated average price of $23.96. The impact to his portfolio due to this sale was -0.16%. Warren Buffett still held 6,142,300 shares as of 09/30/2010.
During the past century, Nalco Holding Company has grown from a fledgling water treatment business to a provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. Nalco Holding Company has a market cap of $4.13 billion; its shares were traded at around $29.89 with a P/E ratio of 20.76 and P/S ratio of 1.1. The dividend yield of Nalco Holding Company stocks is 0.47%. Nalco Holding Company had an annual average earning growth of 4.5% over the past 5 years.
Reduced: The Procter & Gamble Company (PG)
Warren Buffett reduced to his holdings in The Procter & Gamble Company by 1.67%. His sale prices were between $59.34 and $63.08, with an estimated average price of $60.84. The impact to his portfolio due to this sale was -0.16%. Warren Buffett still held 76,766,036 shares as of 09/30/2010.
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $182.53 billion; its shares were traded at around $64.33 with a P/E ratio of 17.29 and P/S ratio of 2.31. The dividend yield of The Procter & Gamble Company stocks is 3%. The Procter & Gamble Company had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3.5-star.
Reduced: Moody's Corp. (MCO)
Warren Buffett reduced to his holdings in Moody's Corp. by 6.2%. His sale prices were between $19.74 and $25.99, with an estimated average price of $22.98. The impact to his portfolio due to this sale was -0.1%. Warren Buffett still held 28,873,756 shares as of 09/30/2010.
Moody's Corporation is the parent company of Moody's Investors Service, a provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, Moody's KMV, a provider of credit risk processing and credit risk management products for banks and investors in credit-sensitive assets serving the world's largest financial institutions, Moody's Economy. Moody's Corp. has a market cap of $6.49 billion; its shares were traded at around $27.72 with a P/E ratio of 14.14 and P/S ratio of 3.61. The dividend yield of Moody's Corp. stocks is 1.52%. Moody's Corp. had an annual average earning growth of 15.7% over the past 10 years. GuruFocus rated Moody's Corp. the business predictability rank of 2.5-star.
Reduced: Fiserv Inc. (FISV)
Warren Buffett reduced to his holdings in Fiserv Inc. by 11.12%. His sale prices were between $45.27 and $55.08, with an estimated average price of $50.25. The impact to his portfolio due to this sale was -0.05%. Warren Buffett still held 3,910,800 shares as of 09/30/2010.
Fiserv, Inc., a Fortune five hundred company, provides information management systems and services to the financial and insurance industries. Fiserv Inc. has a market cap of $8.28 billion; its shares were traded at around $55.15 with a P/E ratio of 14.03 and P/S ratio of 2.03. Fiserv Inc. had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Fiserv Inc. the business predictability rank of 3-star.
Sold Out: Republic Services Inc. (RSG, Financial)
Warren Buffett sold out his holdings in Republic Services Inc.. His sale prices were between $29.26 and $32.65, with an estimated average price of $30.74.
Republic Services, Inc., is a provider of services in the domestic non-hazardous solid waste industry. Republic Services Inc. has a market cap of $10.83 billion; its shares were traded at around $28.27 with a P/E ratio of 17.56 and P/S ratio of 1.32. The dividend yield of Republic Services Inc. stocks is 2.83%. Republic Services Inc. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Republic Services Inc. the business predictability rank of 4.5-star.
Sold Out: Iron Mountain Inc. (IRM)
Warren Buffett sold out his holdings in Iron Mountain Inc.. His sale prices were between $20.25 and $25.58, with an estimated average price of $22.34.
Iron Mountain Incorporated is one of the world's largest records and information management services company. Iron Mountain Inc. has a market cap of $4.62 billion; its shares were traded at around $22.93 with a P/E ratio of 20.29 and P/S ratio of 1.53. The dividend yield of Iron Mountain Inc. stocks is 1.09%. Iron Mountain Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Iron Mountain Inc. the business predictability rank of 4-star.
Sold Out: Carmax Inc. (KMX)
Warren Buffett sold out his holdings in Carmax Inc.. His sale prices were between $18.67 and $27.68, with an estimated average price of $21.66.
CarMax Group is a subsidiary of Circuit City Stores, Inc. Carmax Inc. has a market cap of $7.42 billion; its shares were traded at around $33 with a P/E ratio of 21.85 and P/S ratio of 0.99. Carmax Inc. had an annual average earning growth of 18.7% over the past 5 years.
Sold Out: Nrg Energy Inc. (NRG)
Warren Buffett sold out his holdings in Nrg Energy Inc.. His sale prices were between $20.26 and $23.44, with an estimated average price of $21.87.
NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. Nrg Energy Inc. has a market cap of $4.96 billion; its shares were traded at around $19.61 with a P/E ratio of 15.08 and P/S ratio of 0.55. Nrg Energy Inc. had an annual average earning growth of 36.7% over the past 10 years. GuruFocus rated Nrg Energy Inc. the business predictability rank of 3-star.
Sold Out: The Home Depot Inc. (HD)
Warren Buffett sold out his holdings in The Home Depot Inc.. His sale prices were between $27.07 and $31.81, with an estimated average price of $28.87.
Home Depot is the one of world's largest home improvement retailer. The Home Depot Inc. has a market cap of $52.36 billion; its shares were traded at around $31.44 with a P/E ratio of 17.27 and P/S ratio of 0.79. The dividend yield of The Home Depot Inc. stocks is 3.01%. The Home Depot Inc. had an annual average earning growth of 10.2% over the past 10 years.
Berkshire sold out small positions such as RSG, IRM, KMX, NRG, HD. Those seem to be Lou Simpson’s picks. With his retirement, we will probably see some Todd Combs’ favorite stocks in Berkshire’s portfolio next quarter.
Berkshire added into Wells Fargo and Johnson & Johnson, which are Warren Buffett’s favorite stocks. It continues to reduce Moody’s. Although a profitable investment, Warren Buffett could have made much more money if he had sold the shares in 2007. Warren Buffett did not continue to sell ConicoPhilips.
As of 09/30/2010, Berkshire Hathaway owns 33 stocks with a total value of $48.6 billion. These are the details of the buys and sells.
- New Purchases: BK,
- Added Positions: WFC, JNJ,
- Reduced Positions: NKE, CMCSK, IR, PG, NLC, MCO, FISV,
- Sold Out: RSG, IRM, KMX, NRG, HD,
This is the sector weightings of his portfolio:
| Consumer Goods | 40.9% |
| Financials | 39.3% |
| Consumer Services | 6.7% |
| Health Care | 6.1% |
| Oil & Gas | 3.5% |
| Industrials | 2.9% |
| Utilities | 0.3% |
These are the top 5 holdings of Warren Buffett
- The CocaCola Company (KO) - 200,000,000 shares, 24.1% of the total portfolio.
- Wells Fargo & Company (WFC) - 336,408,845 shares, 17.4% of the total portfolio. Shares added by 5.1%
- American Express Company (AXP) - 151,610,700 shares, 13.12% of the total portfolio.
- The Procter & Gamble Company (PG) - 76,766,036 shares, 9.48% of the total portfolio. Shares reduced by 1.67%
- Kraft Foods Inc. (KFT) - 105,214,584 shares, 6.69% of the total portfolio.
Added: Wells Fargo & Company (WFC, Financial)
Warren Buffett added to his holdings in Wells Fargo & Company by 5.1%. His purchase prices were between $23.25 and $28.57, with an estimated average price of $26.11. The impact to his portfolio due to this purchase was 0.84%. His holdings were 336,408,845 shares as of 09/30/2010.
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $144.13 billion; its shares were traded at around $27.54 with a P/E ratio of 15.92 and P/S ratio of 1.46. The dividend yield of Wells Fargo & Company stocks is 0.73%. Wells Fargo & Company had an annual average earning growth of 5.1% over the past 10 years.
Added: Johnson & Johnson (JNJ, Financial)
Warren Buffett added to his holdings in Johnson & Johnson by 3.16%. His purchase prices were between $57.02 and $62.43, with an estimated average price of $59.49. The impact to his portfolio due to this purchase was 0.17%. His holdings were 42,624,563 shares as of 09/30/2010.
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $175.38 billion; its shares were traded at around $63.67 with a P/E ratio of 13.4 and P/S ratio of 2.83. The dividend yield of Johnson & Johnson stocks is 3.39%. Johnson & Johnson had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
New Purchase: Bank Of Ny Mellon Cp (BK, Financial)
Warren Buffett initiated holdings in Bank Of Ny Mellon Cp. His purchase prices were between $24.16 and $26.85, with an estimated average price of $25.46. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,992,759 shares as of 09/30/2010.
Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of Ny Mellon Cp has a market cap of $33.37 billion; its shares were traded at around $27.49 with a P/E ratio of 11.75 and P/S ratio of 2.45. The dividend yield of Bank Of Ny Mellon Cp stocks is 1.31%.
Reduced: Nike Inc. (NKE, Financial)
Warren Buffett reduced to his holdings in Nike Inc. by 52.32%. His sale prices were between $67.21 and $80.64, with an estimated average price of $72.97. The impact to his portfolio due to this sale was -0.66%. Warren Buffett still held 3,642,929 shares as of 09/30/2010.
Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. Nike Inc. has a market cap of $39.48 billion; its shares were traded at around $82.62 with a P/E ratio of 20.81 and P/S ratio of 2.08. The dividend yield of Nike Inc. stocks is 1.31%. Nike Inc. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Nike Inc. the business predictability rank of 4.5-star.
Reduced: Comcast Corp. Special (CMCSK, Financial)
Warren Buffett reduced to his holdings in Comcast Corp. Special by 98.44%. His sale prices were between $15.98 and $18.49, with an estimated average price of $17.2. The impact to his portfolio due to this sale was -0.63%. Warren Buffett still held 186,897 shares as of 09/30/2010.
Comcast Corporation is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Corp. Special has a market cap of $55.45 billion; its shares were traded at around $19.18 with a P/E ratio of 15.34 and P/S ratio of 1.55. The dividend yield of Comcast Corp. Special stocks is 1.97%. Comcast Corp. Special had an annual average earning growth of 8.5% over the past 10 years.
Reduced: Ingersollrand Company Ltd. (IR)
Warren Buffett reduced to his holdings in Ingersollrand Company Ltd. by 88.71%. His sale prices were between $32.53 and $38.15, with an estimated average price of $35.33. The impact to his portfolio due to this sale was -0.39%. Warren Buffett still held 636,600 shares as of 09/30/2010.
Ingersoll Rand Company is one of the providers of security and safety, climate control, industrial productivity and infrastructure products. Ingersollrand Company Ltd. has a market cap of $13.56 billion; its shares were traded at around $42.01 with a P/E ratio of 18.34 and P/S ratio of 1.03. The dividend yield of Ingersollrand Company Ltd. stocks is 0.67%.
Reduced: Nalco Holding Company (NLC)
Warren Buffett reduced to his holdings in Nalco Holding Company by 32.87%. His sale prices were between $20.93 and $25.78, with an estimated average price of $23.96. The impact to his portfolio due to this sale was -0.16%. Warren Buffett still held 6,142,300 shares as of 09/30/2010.
During the past century, Nalco Holding Company has grown from a fledgling water treatment business to a provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. Nalco Holding Company has a market cap of $4.13 billion; its shares were traded at around $29.89 with a P/E ratio of 20.76 and P/S ratio of 1.1. The dividend yield of Nalco Holding Company stocks is 0.47%. Nalco Holding Company had an annual average earning growth of 4.5% over the past 5 years.
Reduced: The Procter & Gamble Company (PG)
Warren Buffett reduced to his holdings in The Procter & Gamble Company by 1.67%. His sale prices were between $59.34 and $63.08, with an estimated average price of $60.84. The impact to his portfolio due to this sale was -0.16%. Warren Buffett still held 76,766,036 shares as of 09/30/2010.
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $182.53 billion; its shares were traded at around $64.33 with a P/E ratio of 17.29 and P/S ratio of 2.31. The dividend yield of The Procter & Gamble Company stocks is 3%. The Procter & Gamble Company had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3.5-star.
Reduced: Moody's Corp. (MCO)
Warren Buffett reduced to his holdings in Moody's Corp. by 6.2%. His sale prices were between $19.74 and $25.99, with an estimated average price of $22.98. The impact to his portfolio due to this sale was -0.1%. Warren Buffett still held 28,873,756 shares as of 09/30/2010.
Moody's Corporation is the parent company of Moody's Investors Service, a provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, Moody's KMV, a provider of credit risk processing and credit risk management products for banks and investors in credit-sensitive assets serving the world's largest financial institutions, Moody's Economy. Moody's Corp. has a market cap of $6.49 billion; its shares were traded at around $27.72 with a P/E ratio of 14.14 and P/S ratio of 3.61. The dividend yield of Moody's Corp. stocks is 1.52%. Moody's Corp. had an annual average earning growth of 15.7% over the past 10 years. GuruFocus rated Moody's Corp. the business predictability rank of 2.5-star.
Reduced: Fiserv Inc. (FISV)
Warren Buffett reduced to his holdings in Fiserv Inc. by 11.12%. His sale prices were between $45.27 and $55.08, with an estimated average price of $50.25. The impact to his portfolio due to this sale was -0.05%. Warren Buffett still held 3,910,800 shares as of 09/30/2010.
Fiserv, Inc., a Fortune five hundred company, provides information management systems and services to the financial and insurance industries. Fiserv Inc. has a market cap of $8.28 billion; its shares were traded at around $55.15 with a P/E ratio of 14.03 and P/S ratio of 2.03. Fiserv Inc. had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Fiserv Inc. the business predictability rank of 3-star.
Sold Out: Republic Services Inc. (RSG, Financial)
Warren Buffett sold out his holdings in Republic Services Inc.. His sale prices were between $29.26 and $32.65, with an estimated average price of $30.74.
Republic Services, Inc., is a provider of services in the domestic non-hazardous solid waste industry. Republic Services Inc. has a market cap of $10.83 billion; its shares were traded at around $28.27 with a P/E ratio of 17.56 and P/S ratio of 1.32. The dividend yield of Republic Services Inc. stocks is 2.83%. Republic Services Inc. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Republic Services Inc. the business predictability rank of 4.5-star.
Sold Out: Iron Mountain Inc. (IRM)
Warren Buffett sold out his holdings in Iron Mountain Inc.. His sale prices were between $20.25 and $25.58, with an estimated average price of $22.34.
Iron Mountain Incorporated is one of the world's largest records and information management services company. Iron Mountain Inc. has a market cap of $4.62 billion; its shares were traded at around $22.93 with a P/E ratio of 20.29 and P/S ratio of 1.53. The dividend yield of Iron Mountain Inc. stocks is 1.09%. Iron Mountain Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Iron Mountain Inc. the business predictability rank of 4-star.
Sold Out: Carmax Inc. (KMX)
Warren Buffett sold out his holdings in Carmax Inc.. His sale prices were between $18.67 and $27.68, with an estimated average price of $21.66.
CarMax Group is a subsidiary of Circuit City Stores, Inc. Carmax Inc. has a market cap of $7.42 billion; its shares were traded at around $33 with a P/E ratio of 21.85 and P/S ratio of 0.99. Carmax Inc. had an annual average earning growth of 18.7% over the past 5 years.
Sold Out: Nrg Energy Inc. (NRG)
Warren Buffett sold out his holdings in Nrg Energy Inc.. His sale prices were between $20.26 and $23.44, with an estimated average price of $21.87.
NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. Nrg Energy Inc. has a market cap of $4.96 billion; its shares were traded at around $19.61 with a P/E ratio of 15.08 and P/S ratio of 0.55. Nrg Energy Inc. had an annual average earning growth of 36.7% over the past 10 years. GuruFocus rated Nrg Energy Inc. the business predictability rank of 3-star.
Sold Out: The Home Depot Inc. (HD)
Warren Buffett sold out his holdings in The Home Depot Inc.. His sale prices were between $27.07 and $31.81, with an estimated average price of $28.87.
Home Depot is the one of world's largest home improvement retailer. The Home Depot Inc. has a market cap of $52.36 billion; its shares were traded at around $31.44 with a P/E ratio of 17.27 and P/S ratio of 0.79. The dividend yield of The Home Depot Inc. stocks is 3.01%. The Home Depot Inc. had an annual average earning growth of 10.2% over the past 10 years.
