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Berkshire Hathaway Buys U.S. Bancorp, Suncor Energy, General Motors, Sells Moody's Corporation, Kraft Foods Group Inc

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The long awaited second quarter portfolio of Berkshire Hathaway is out. Berkshire initiated two new positions during the quarter: Suncor Energy and DISH Network Corp, and added into existing positions in U.S. Bancorp, General Motors, Wells Fargo, Chicago Bridge & Iron, Bank of New York Mellon, VeriSign, National Oilwell Varco. Berkshire also sells positions in Mondelez International Inc, Moody's Corporation, Kraft Foods Group Inc, Gannett.

As of 06/30/2013, Berkshire Hathaway owns 42 stocks with a total value of $89 billion. These are the details of the buys and sells.

For the details of Warren Buffett's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett

This is the sector weightings of his portfolio:

Financial Services 41.4%
Consumer Defensive 28.2%
Technology 15.2%
Energy 4.7%
Consumer Cyclical 2.6%
Communication Services 2.6%
Healthcare 2.4%
Industrials 1.6%
Basic Materials 0.4%


These are the top 5 holdings of Warren Buffett

1. Wells Fargo & Co (WFC) - 463,131,623 shares, 21.5% of the total portfolio. Shares added by 1.08%

2. Coca-Cola Co (KO) - 400,000,000 shares, 18.0% of the total portfolio.

3. International Business Machines Corp (IBM) - 68,121,984 shares, 14.6% of the total portfolio.

4. American Express Co (AXP) - 151,610,700 shares, 12.7% of the total portfolio.

5. Procter & Gamble Co (PG) - 52,793,078 shares, 4.6% of the total portfolio.

New Purchase: Suncor Energy Inc (SU)

Berkshire Hathaway initiated holdings in Suncor Energy Inc. His purchase prices were between $26.84 and $32.36, with an estimated average price of $30.13. The impact to his portfolio due to this purchase was 0.59%. His holdings were 17,769,457 shares as of 06/30/2013. Suncor Energy Inc was incorporated in Canada. It is an integrated energy Company in Canada. Suncor Energy Inc has a market cap of $49.19 billion; its shares were traded at around $32.72 with a P/E ratio of 18.48 and P/S ratio of 1.33. The dividend yield of Suncor Energy Inc stocks is 1.78%. Suncor Energy Inc had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated Suncor Energy Inc the business predictability rank of 2.5-star.

New Purchase: DISH Network Corp (DISH)

Berkshire Hathaway initiated holdings in DISH Network Corp. His purchase prices were between $36.24 and $42.52, with an estimated average price of $38.94. The impact to his portfolio due to this purchase was 0.03%. His holdings were 547,312 shares as of 06/30/2013. DISH Network Corp was organized in 1995 under the laws of the State of Nevada and started offering the DISH pay-TV service in March 1996. Dish Network Corp has a market cap of $20.44 billion; its shares were traded at around $44.76 with a P/E ratio of 80.00 and P/S ratio of 1.43. Dish Network Corp had an annual average earnings growth of 11.1% over the past 10 years.

Sold Out: Gannett Co Inc (GCI)

Berkshire Hathaway sold out his holdings in Gannett Co Inc. His sale prices were between $19.85 and $26.6, with an estimated average price of $21.58. Gannett Co Inc was founded in 1906 and incorporated in 1923. Gannett Co Inc has a market cap of $5.86 billion; its shares were traded at around $25.58 with a P/E ratio of 13.23 and P/S ratio of 1.12. The dividend yield of Gannett Co Inc stocks is 3.13%.

Added: U.S. Bancorp (USB)

Berkshire Hathaway added to his holdings in U.S. Bancorp by 27.37%. His purchase prices were between $32.27 and $36.15, with an estimated average price of $34.31. The impact to his portfolio due to this purchase was 0.69%. His holdings were 78,277,301 shares as of 06/30/2013. U.S. Bancorp was incorporated in Delaware in 1929. It is a multi-state financial services holding company headquartered in Minneapolis, Minnesota. U.s. Bancorp has a market cap of $68 billion; its shares were traded at around $36.97 with a P/E ratio of 12.56 and P/S ratio of 3.48. The dividend yield of U.s. Bancorp stocks is 2.20%. U.s. Bancorp had an annual average earnings growth of 19.6% over the past 5 years.

Added: General Motors Co (GM)

Berkshire Hathaway added to his holdings in General Motors Co by 60%. His purchase prices were between $27.52 and $35.03, with an estimated average price of $31.68. The impact to his portfolio due to this purchase was 0.56%. His holdings were 40,000,000 shares as of 06/30/2013. General Motors Company was formed by the UST in 2009 originally as a Delaware limited liability company, Vehicle Acquisition Holdings LLC, and subsequently converted to a Delaware corporation, NGMCO, Inc. General Motors Co has a market cap of $49.23 billion; its shares were traded at around $35.57 with a P/E ratio of 10.13 and P/S ratio of 0.39.

Added: Wells Fargo & Co (WFC)

Berkshire Hathaway added to his holdings in Wells Fargo & Co by 1.08%. His purchase prices were between $36.27 and $41.56, with an estimated average price of $38.97. The impact to his portfolio due to this purchase was 0.23%. His holdings were 463,131,623 shares as of 06/30/2013. Wells Fargo & Company is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Wells Fargo & Co has a market cap of $228.85 billion; its shares were traded at around $43.10 with a P/E ratio of 11.68 and P/S ratio of 2.69. The dividend yield of Wells Fargo & Co stocks is 2.48%. Wells Fargo & Co had an annual average earnings growth of 1.6% over the past 10 years.

Added: Chicago Bridge & Iron Company (CBI)

Berkshire Hathaway added to his holdings in Chicago Bridge & Iron Company by 46.74%. His purchase prices were between $50.92 and $63.74, with an estimated average price of $58.09. The impact to his portfolio due to this purchase was 0.2%. His holdings were 9,550,755 shares as of 06/30/2013. Chicago Bridge & Iron Company was founded in 1889. The company provides conceptual design, technology, engineering, procurement, fabrication and construction, commissioning and associated maintenance services to customers in the energy and natural resource industries. Chicago Bridge & Iron Company has a market cap of $6.48 billion; its shares were traded at around $60.30 with a P/E ratio of 19.92 and P/S ratio of 0.76. The dividend yield of Chicago Bridge & Iron Company stocks is 0.33%. Chicago Bridge & Iron Company had an annual average earnings growth of 20.7% over the past 10 years.

Added: Bank of New York Mellon Corp (BK)

Berkshire Hathaway added to his holdings in Bank of New York Mellon Corp by 30.12%. His purchase prices were between $26.7 and $30.55, with an estimated average price of $28.72. The impact to his portfolio due to this purchase was 0.18%. His holdings were 24,644,029 shares as of 06/30/2013. Bank of New York Mellon Corporation was originally formed as a holding company for The Bank of New York Mellon. Bank Of New York Mellon Corp has a market cap of $35.31 billion; its shares were traded at around $30.69 with a P/E ratio of 18.69 and P/S ratio of 2.39. The dividend yield of Bank Of New York Mellon Corp stocks is 1.82%.

Added: VeriSign, Inc. (VRSN)

Berkshire Hathaway added to his holdings in VeriSign, Inc. by 33.32%. His purchase prices were between $43.59 and $49.27, with an estimated average price of $46.33. The impact to his portfolio due to this purchase was 0.14%. His holdings were 10,897,420 shares as of 06/30/2013. VeriSign, Inc is a Delaware Corporation. The Company is a provider of Internet infrastructure services for the networked world. Verisign, Inc. has a market cap of $7.07 billion; its shares were traded at around $49.25 with a P/E ratio of 22.88 and P/S ratio of 8.59. Verisign, Inc. had an annual average earnings growth of 13.3% over the past 10 years.

Added: National Oilwell Varco, Inc. (NOV)

Berkshire Hathaway added to his holdings in National Oilwell Varco, Inc. by 18.65%. His purchase prices were between $64.14 and $71.57, with an estimated average price of $68.35. The impact to his portfolio due to this purchase was 0.11%. His holdings were 8,880,000 shares as of 06/30/2013. National Oilwell Varco, Inc., a Delaware corporation incorporated in 1995, is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. National Oilwell Varco, Inc. has a market cap of $31.38 billion; its shares were traded at around $73.40 with a P/E ratio of 13.59 and P/S ratio of 1.43. The dividend yield of National Oilwell Varco, Inc. stocks is 0.87%. National Oilwell Varco, Inc. had an annual average earnings growth of 28.4% over the past 10 years. GuruFocus rated National Oilwell Varco, Inc. the business predictability rank of 2.5-star.

Reduced: Mondelez International Inc (MDLZ)

Berkshire Hathaway reduced to his holdings in Mondelez International Inc by 91.8%. His sale prices were between $28.34 and $31.86, with an estimated average price of $30.42. The impact to his portfolio due to this sale was -0.23%. Berkshire Hathaway still held 578,000 shares as of 06/30/2013. Mondelez International, Inc. was formerly known as Kraft Foods Inc. Mondelez International Inc has a market cap of $56.27 billion; its shares were traded at around $31.60 with a P/E ratio of 29.76 and P/S ratio of 1.61. The dividend yield of Mondelez International Inc stocks is 2.15%. Mondelez International Inc had an annual average earnings growth of 0.8% over the past 10 years.

Reduced: Moody's Corporation (MCO)

Berkshire Hathaway reduced to his holdings in Moody's Corporation by 12.29%. His sale prices were between $52.23 and $68.62, with an estimated average price of $60.69. The impact to his portfolio due to this sale was -0.22%. Berkshire Hathaway still held 24,922,178 shares as of 06/30/2013. Moody's Corp was founded in 1990. The Company is a provider of credit ratings, credit and economic related research, data and analytical tools, risk management software and quantitative credit risk measures, credit portfolio management solutions and training services. Moody's Corporation has a market cap of $14.44 billion; its shares were traded at around $65.50 with a P/E ratio of 19.57 and P/S ratio of 5.06. The dividend yield of Moody's Corporation stocks is 1.10%. Moody's Corporation had an annual average earnings growth of 6.1% over the past 10 years. GuruFocus rated Moody's Corporation the business predictability rank of 2.5-star.

Reduced: Kraft Foods Group Inc (KRFT)

Berkshire Hathaway reduced to his holdings in Kraft Foods Group Inc by 87.97%. His sale prices were between $50.09 and $57.54, with an estimated average price of $53.63. The impact to his portfolio due to this sale was -0.09%. Berkshire Hathaway still held 192,666 shares as of 06/30/2013. Kraft Foods Group Inc is a Virginia Corporation. On October 1, 2012, Kraft Foods Inc. Kraft Foods Group Inc has a market cap of $32.86 billion; its shares were traded at around $55.17 with a P/E ratio of 17.95 and P/S ratio of 1.80. The dividend yield of Kraft Foods Group Inc stocks is 2.72%.

USB,GM,WFC,CBI,BK,VRSN,NOV,SU,DISH,MDLZ,MCO,KRFT,GCI,

Here is the complete portfolio of Warren Buffett. Also check out:

1. Warren Buffett's Undervalued Stocks

2. Warren Buffett's Top Growth Companies, and

3. Warren Buffett's High Yield stocks

4. Stocks that Warren Buffett keeps buying


Rating: 4.3/5 (7 votes)

Comments

tonyg34
Tonyg34 - 1 year ago
Berkshire SOLD Wells Fargo, and American Express, and Coke - so almost right
vgm
Vgm - 1 year ago
"Berkshire SOLD Wells Fargo, and American Express, and Coke"

No way.

You must've read the erroneous Reuters' article this morning. It was riddled with blunders.
tonyg34
Tonyg34 - 1 year ago
actually from the Mstar news feed, original source CNBC

I have since seen he added to WFC by 1.1%, but multiple sites had the sales of AXP

so I'll admit my mistake and shut up until I see the actual filing, seeing how we only have two news sources left in the world (AP and Reuters) I do tend to fall for false internet news
vgm
Vgm - 1 year ago
Tony - relax, don't be hard on yourself. I almost fell off my chair when I first read Reuters! At least it wakened me up :-0
MritikCapital
MritikCapital - 1 year ago
Its about time someone value oriented woke up to SU in terms of how undervalued it is and the excellence in capital allocation that new CEO Steve Williams has demonstrated for the last 1 year.

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