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Warren Buffett is Buying Retailers; Bought Target

October 30, 2006 | About:
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Billionaire investor Warren Buffett had bought about 24.59 million shares in health-care company Johnson & Johnson (JNJ), and 5.5 million shares in discount retailer Target Corp. (TGT) during the second quarter, according to the amended filing of the Berkshire Hathaway.

In separate filings with the U.S. Securities and Exchange Commission, Omaha-based Berkshire said the J&J stake was worth $1.47 billion as of June 30, while the Target stake was worth about $268.8 million. Berkshire started to buy J&J in the first quarter of this year.

Regulators sometimes let Berkshire delay disclosing some investors so investors can't mimic Buffett while Berkshire is adding to its portfolio. Berkshire is expected next month to disclose its stock holdings as of Sept. 30. Berkshire delayed its report on purchasing of Anheuser-Busch (BUD) and Wells Fargo (WFC) in 2005.

Notably, Warren Buffett is investing a lot in retail stocks. Since the last year, he has bought Wal-Mart (WMT), Home Depot (HD) and Target (TGT). GuruFocus readers, which one do you think will be the next?



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