Warren Buffett (Trades, Portfolio) dropped his fresh, second-quarter portfolio Monday afternoon, showing the investor had little purchasing activity during the second quarter but made some surprising moves.
Buffett shares the portfolio he maintains for his company, Berkshire Hathaway (BRK.A, Financial)(BRK.B, Financial), with two managers, Ted Weschler and Todd Combs. The newer managers started out investing smaller amounts of Berkshire’s money, but their responsibility has grown since joining the company. Generally, the largest buys are made by Buffett, but it is difficult to distinguish for certain who purchased a stock.
Buffett has said he purchased oil refiner Phillips 66 (PSX, Financial) and added to the position in the second quarter. The portfolio showed Berkshire increased its investment in various classes of stock of Liberty Global PLC.
Buffett also cut one of his longest-held positions, Wal-Mart Stores Inc., by almost a third, and did not fully sell out of any positions.
More than 39% of Berkshire’s portfolio of 49 stocks is invested the consumer defensive sector and 30.8% is in financial services.
Increases
Liberty Global PLC (LILA, Financial)
Berkshire’s portfolio shows a 425% increase in Liberty Global LILA shares, bringing the position to 2,714,854 shares. It has a 0.07% position.
Liberty Global Plc has a market cap of $26.86 billion; its shares were traded around $29.20 with and P/S ratio of 1.68. Liberty Global Plc had an annual average earnings growth of 4.10% over the past 10 years.
Liberty Global PLC (LILAK)
Berkshire portfolio shows a 249.5% increase in its Liberty Global LILAK shares, bringing the position to 1,284,020 shares. It has a 0.03% position.
Berkshire shows a 55.2% increase to its Apple position, which it started in the first quarter, bringing it to 15,277,702 shares. It has a 1.12% position.
Apple Inc. has a market cap of $589.93 billion; its shares were traded around $109.48 with a P/E ratio of 12.76 and P/S ratio of 2.79. The trailing 12-month dividend yield of Apple Inc. stocks is 2.00%. The forward dividend yield of Apple Inc. stocks is 2.11%. Apple Inc. had an annual average earnings growth of 49.20% over the past 10 years. GuruFocus rated Apple Inc. the business predictability rank of 4.5-star.
Liberty Global Plc (LBTYA, Financial)
Berkshire shows a 10.5% increase to its Liberty Global Plc LBTYA shares, bringing the position to 19,366,897 shares. It has a 0.43% portfolio position.
Liberty Global Plc has a market cap of $29.84 billion; its shares were traded around $32.44 with and P/S ratio of 1.74. Liberty Global Plc had an annual average earnings growth of 4.10% over the past 10 years.
Berkshire shows a 4.28% increase in its Phillips 66 shares, bringing the position to 78,782,000 shares. It has a 4.8% portfolio positions and represents 15.07% of the company’s shares outstanding.
Phillips 66 has a market cap of $41.09 billion; its shares were traded around $78.59 with a P/E ratio of 13.63 and P/S ratio of 0.48. The trailing 12-month dividend yield of Phillips 66 stocks is 2.95%. The forward dividend yield of Phillips 66 stocks is 3.20%.
Reductions
Wal-Mart Stores Inc. (WMT, Financial)
Buffett decreased his Wal-Mart Stores position by 27.2%, lowering the position to 40,266,402 shares. It has a 2.26% portfolio weight.
Wal-Mart Stores Inc. has a market cap of $228.51 billion; its shares were traded around $73.32 with a P/E ratio of 16.18 and P/S ratio of 0.49. The trailing 12-month dividend yield of Wal-Mart Stores Inc. stocks is 2.70%. The forward dividend yield of Wal-Mart Stores Inc. stocks is 2.71%. Wal-Mart Stores Inc. had an annual average earnings growth of 7.20% over the past 10 years. GuruFocus rated Wal-Mart Stores Inc. the business predictability rank of 3.5-star.
Berkshire shows a 25.75% decrease in Suncor Energy shares, lowering the total to 22,275,381. The reduction is only slightly larger than the size of its last purchase of the stock in the third quarter of 2015. It has a 0.48% portfolio position.
Suncor Energy Inc has a market cap of $47.19 billion; its shares were traded around $28.35 with and P/S ratio of 2.15. The trailing 12-month dividend yield of Suncor Energy Inc stocks is 3.07%. The forward dividend yield of Suncor Energy Inc stocks is 3.17%. Suncor Energy Inc had an annual average earnings growth of 7.50% over the past 10 years.
Berkshire shows a 5.68% reduction in its Deere & Co. shares, lowering the total to 21,959,246 shares. It has a 1.37% portfolio position.
Deere & Co has a market cap of $24.6 billion; its shares were traded around $78.28 with a P/E ratio of 15.67 and P/S ratio of 0.93. The trailing 12-month dividend yield of Deere & Co stocks is 3.08%. The forward dividend yield of Deere & Co stocks is 3.12%. Deere & Co had an annual average earnings growth of 9.30% over the past 10 years. GuruFocus rated Deere & Co the business predictability rank of 3-star.
Verisign Inc. (VRSN, Financial)
Berkshire shows a 0.25% reduction in its Verisign shares, lowering the total to 12,952,745 shares. It has a 0.86% portfolio weight and represents 12.13% of the company’s shares outstanding.
Verisign Inc has a market cap of $8.73 billion; its shares were traded around $81.81 with a P/E ratio of 25.97 and P/S ratio of 9.73. Verisign Inc had an annual average earnings growth of 20.50% over the past 10 years.
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