Warren Buffett Buys Phillips 66, Apple Inc, Liberty Media Corp, Sells Procter & Gamble Co, AT&T Inc

First quarter Berkshire portfolio update

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May 16, 2016
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Warren Buffett (Trades, Portfolio) buys Phillips 66, Apple Inc, Liberty Media Corp, Liberty Media Corp, Liberty Global PLC, Bank of New York Mellon Corp, Deere & Co, Visa Inc, sells Procter & Gamble Co, AT&T Inc, Precision Castparts Corp, Wal-Mart Stores Inc, MasterCard Inc, WABCO Holdings Inc during the 3-months ended 2016-03-31, according to the most recent filings of his investment company, Berkshire Hathaway. As of 2016-03-31, Berkshire Hathaway owns 47 stocks with a total value of $128.6 billion. These are the details of the buys and sells.

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


These are the top 5 holdings of Warren Buffett (Trades, Portfolio)

  1. The Kraft Heinz Co (KHC) - 325,634,818 shares, 19.9% of the total portfolio.
  2. Wells Fargo & Co (WFC) - 479,704,270 shares, 18.04% of the total portfolio.
  3. Coca-Cola Co (KO) - 400,000,000 shares, 14.43% of the total portfolio.
  4. International Business Machines Corp (IBM) - 81,232,303 shares, 9.57% of the total portfolio. Shares added by 0.25%
  5. American Express Co (AXP) - 151,610,700 shares, 7.24% of the total portfolio.

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New Purchase: Apple Inc (AAPL, Financial)

Warren Buffett (Trades, Portfolio) initiated holdings in Apple Inc. His purchase prices were between $93.42 and $109.56, with an estimated average price of $99.61. The stock is now traded at around $90.52. The impact to his portfolio due to this purchase was 0.83%. His holdings were 9,811,747 shares as of 2016-03-31.

Sold Out: AT&T Inc (T)

Warren Buffett (Trades, Portfolio) sold out his holdings in AT&T Inc. His sale prices were between $33.51 and $39.45, with an estimated average price of $36.59.

Added: Phillips 66 (PSX, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Phillips 66 by 22.87%. His purchase prices were between $72.9 and $90.16, with an estimated average price of $81.15. The stock is now traded at around $77.71. The impact to his portfolio due to this purchase was 0.95%. His holdings were 75,550,745 shares as of 2016-03-31.

Added: Liberty Media Corp (LMCK, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Liberty Media Corp by 77.55%. His purchase prices were between $23.11 and $27.89, with an estimated average price of $25.69. The stock is now traded at around $18.39. The impact to his portfolio due to this purchase was 0.26%. His holdings were 27,318,799 shares as of 2016-03-31.

Added: Liberty Media Corp (LMCA, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Liberty Media Corp by 82.56%. His purchase prices were between $22.49 and $27.56, with an estimated average price of $25.35. The stock is now traded at around $18.64. The impact to his portfolio due to this purchase was 0.14%. His holdings were 14,239,900 shares as of 2016-03-31.

Added: Liberty Global PLC (LBTYA, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Liberty Global PLC by 24.18%. His purchase prices were between $31.19 and $42.36, with an estimated average price of $36.09. The stock is now traded at around $36.77. The impact to his portfolio due to this purchase was 0.09%. His holdings were 15,577,436 shares as of 2016-03-31.

Added: Bank of New York Mellon Corp (BK, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Bank of New York Mellon Corp by 3.56%. His purchase prices were between $32.74 and $41.22, with an estimated average price of $36.3. The stock is now traded at around $39.44. The impact to his portfolio due to this purchase was 0.02%. His holdings were 20,827,212 shares as of 2016-03-31.

Added: Visa Inc (V, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Visa Inc by 3.58%. His purchase prices were between $67.77 and $77.55, with an estimated average price of $72.68. The stock is now traded at around $76.83. The impact to his portfolio due to this purchase was 0.02%. His holdings were 10,239,160 shares as of 2016-03-31.

Added: Deere & Co (DE, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Deere & Co by 1.73%. His purchase prices were between $71.78 and $85.68, with an estimated average price of $78.16. The stock is now traded at around $82.47. The impact to his portfolio due to this purchase was 0.02%. His holdings were 23,280,994 shares as of 2016-03-31.

Reduced: Procter & Gamble Co (PG, Financial)

Warren Buffett (Trades, Portfolio) reduced to his holdings in Procter & Gamble Co by 99.4%. His sale prices were between $74.98 and $83.49, with an estimated average price of $80.47. The stock is now traded at around $81.23. The impact to his portfolio due to this sale was -3.16%. Warren Buffett (Trades, Portfolio) still held 315,400 shares as of 2016-03-31.

Reduced: Wal-Mart Stores Inc (WMT, Financial)

Warren Buffett (Trades, Portfolio) reduced to his holdings in Wal-Mart Stores Inc by 1.69%. His sale prices were between $60.84 and $68.8, with an estimated average price of $65.65. The stock is now traded at around $64.94. The impact to his portfolio due to this sale was -0.04%. Warren Buffett (Trades, Portfolio) still held 55,235,863 shares as of 2016-03-31.

Reduced: MasterCard Inc (MA)

Warren Buffett (Trades, Portfolio) reduced to his holdings in MasterCard Inc by 5.64%. His sale prices were between $80.65 and $97.36, with an estimated average price of $88.51. The stock is now traded at around $95.36. The impact to his portfolio due to this sale was -0.02%. Warren Buffett (Trades, Portfolio) still held 4,934,756 shares as of 2016-03-31.

Reduced: WABCO Holdings Inc (WBC)

Warren Buffett (Trades, Portfolio) reduced to his holdings in WABCO Holdings Inc by 2.83%. His sale prices were between $84.83 and $107.02, with an estimated average price of $94.45. The stock is now traded at around $103.69. The impact to his portfolio due to this sale was -0.01%. Warren Buffett (Trades, Portfolio) still held 3,237,094 shares as of 2016-03-31.