Warren Buffett Buys Eaton Corp., ConocoPhillips, U.S. Bancorp., NRG Energy Inc., Sells Bank of America Corp.

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Nov 14, 2008
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The long awaited Warren Buffett portfolio is out today after the market close. Berkshire has a new position Eaton Corp., and adds to ConocoPhillips (COP, Financial), as GuruFocus has anticipated. These are the details of the buys and sells during the third quarter.


Warren Buffett buys Eaton Corp. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company, Berkshire Hathaway. Warren Buffett owns 40 stocks with a total value of $69.9 billion. These are the details of the buys and sells.





New Purchases: ETN,


Added Positions: COP, NRG, USB,


Reduced Positions: BAC, WTM,





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


Added: ConocoPhillips (COP)


Warren Buffett added to his holdings in ConocoPhillips by 40.66%. His purchase prices were between $72.74 and $90.46, with an estimated average price of $80.2. The impact to his portfolio due to this purchase was 2.54%. His holdings were 83,955,800 shares as of 09/30/2008.


ConocoPhillips is a major international integrated energy company with operations in some 49 countries. ConocoPhillips has a market cap of $70.65 billion; its shares were traded at around $49.18 with a P/E ratio of 3.89 and P/S ratio of 0.31. The dividend yield of ConocoPhillips stocks is 3.61%.


Added: U.S. Bancorp (USB, Financial)


Warren Buffett added to his holdings in U.S. Bancorp by 6.27%. His purchase prices were between $25.43 and $37.53, with an estimated average price of $31.1. The impact to his portfolio due to this purchase was 0.22%. His holdings were 72,937,126 shares as of 09/30/2008.


U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs and provides a comprehensive line of banking brokerage insurance investment mortgage trust and payment services products to consumers businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank. U.S. Bancorp has a market cap of $46.15 billion; its shares were traded at around $27.38 with a P/E ratio of 13.20 and P/S ratio of 4.06. The dividend yield of U.S. Bancorp stocks is 5.7%.


Added: NRG Energy Inc. (NRG, Financial)


Warren Buffett added to his holdings in NRG Energy Inc. by 54.41%. His purchase prices were between $26.41 and $41.97, with an estimated average price of $35.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 5,000,000 shares as of 09/30/2008.


NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities primarily in the United States. Its operations include baseload intermediate peaking and cogeneration facilities thermal energy production and energy resource recovery facilities. NRG Energy Inc. has a market cap of $5.28 billion; its shares were traded at around $23.85 with a P/E ratio of 6.00 and P/S ratio of 0.83.


New Purchase: Eaton Corp. (ETN, Financial)


Warren Buffett initiated holdings in Eaton Corp.. His purchase prices were between $57.41 and $81.71, with an estimated average price of $71.1. The impact to his portfolio due to this purchase was 0.23%. His holdings were 2,908,700 shares as of 09/30/2008.


Eaton Corporation is a global diversified industrial manufacturer. Eaton is one of the leaders in fluid power systems electrical power quality and controls automotive air management and fuel economy and intelligent truck components for fuel economy and safety. Eaton Corp. has a market cap of $6.79 billion; its shares were traded at around $42.58 with a P/E ratio of 5.66 and P/S ratio of 0.46. The dividend yield of Eaton Corp. stocks is 4.45%.


Reduced: Bank of America Corp. (BAC, Financial)


Warren Buffett reduced to his holdings in Bank of America Corp. by 45.05%. His sale prices were between $21.24 and $37.48, with an estimated average price of $30.3. The impact to his portfolio due to this sale was -0.11%. Warren Buffett still held 5,000,000 shares as of 09/30/2008.


Bank of America Corp. is one of the world's leading financial services companies. Bank of America provides individuals small businesses and commercial corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever wherever and however they choose. Bank of America Corp. has a market cap of $82.39 billion; its shares were traded at around $17.1 with a P/E ratio of 14.28 and P/S ratio of 1.80. The dividend yield of Bank of America Corp. stocks is 10.59%.


Reduced: White Mountains Insurance Group Ltd. (WTM, Financial)


Warren Buffett reduced to his holdings in White Mountains Insurance Group Ltd. by . The impact to his portfolio due to this sale was 0.97%. Warren Buffett still held 89,279 shares as of 09/30/2008.


White Mountains Insurance Group Ltd. is engaged in the business of property and casualty insurance and reinsurance. White Mountains Insurance Group Ltd. has a market cap of $3.33 billion; its shares were traded at around $348 with P/S ratio of 0.96. The dividend yield of White Mountains Insurance Group Ltd. stocks is 2.32%.