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Berkshire Hathaway Buys More IBM, Wells Fargo, Precision Castparts, Sells National Oilwell Varco, Bank Of New York Mellon, Charter Communications

Comments

vgm
Vgm - 5 years ago    Report SPAM
That's now a really significant holding in PCP for Berkshire. Presumably a Todd/Ted buy.

Jeff Ubben (Trades, Portfolio), Lou Simpson (Trades, Portfolio) and Dan Loeb initiated new positions in PCP:

http://www.bloomberg.com/news/articles/2015-05-15/valueact-ex-buffett-manager-buy-precision-castpart-stock?cmpid=yhoo

Gold rush!

vgm
Vgm - 5 years ago    Report SPAM

The percentages you quote in many of those Berkshire stock reductions are fractions of a percent. If those are correct figures, they hardly qualify as 'sells' or 'reductions'.

Omar Venerio
Omar Venerio - 5 years ago    Report SPAM

I think it depends on the amounts behind. Something very little applied to something big, means lot of dollars.

vgm
Vgm - 5 years ago    Report SPAM

Ovenerio, thanks. You're right, but my point is really about what such minute percentages mean for sentiment around the stock: for example, selling 0.15% of the Visa holding would suggest whoever is selling still has full confidence in the stock holding. So the use of the word "sells" in the title of the article is to me misleading. It implies there has been a significant reduction.

PS As usual, 'Buffett' should be replaced by 'Berkshire' for many of these transactions, since most of them involve Todd or Ted.

snowballbuilder
Snowballbuilder - 5 years ago    Report SPAM

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

1. Wells Fargo & Co (WFC) - 470,292,359 shares, 23.88% of the total portfolio. Shares added by 1.47%

2. International Business Machines Corp (IBM) - 79,565,115 shares, 11.92% of the total portfolio. Shares added by 3.37%

3. U.S. Bancorp (USB) - 83,773,390 shares, 3.41% of the total portfolio. Shares added by 4.59%

4. Deere & Co (DE) - 17,310,090 shares, 1.42% of the total portfolio. Shares added by 1.25%

5. Charter Communications Inc (CHTR) - 5,979,136 shares, 1.08% of the total portfolio. Shares reduced by 3.53%

IS NOT TRUE. THE TOP FIVE POSITIONS OF BERKSHIRE ARE: WFC, KO, IBM, AXP, WMT.

How can you write an article with this kind of errors ?

vgm
Vgm - 5 years ago    Report SPAM

"...reduced...holdings in National Oilwell Varco Inc by 2.37%."

According to various other sources, NOV was reduced from 5.3M shares to 1.98M in the quarter. That's more than a 60% reduction.

In conjunction with Snowballbuilder's comments above, I might suggest a complete revision of this article. Thanks.

gurufocus
Gurufocus premium member - 5 years ago

@Snowballbuilder @Vgm corrected.

LwC
LwC - 5 years ago    Report SPAM

I note in the article that BRK increased its holdings in PSX. Interestingly PSX was a long position recommended at the Sohn Investment Conference by Daniel Dreyfus of 3G Capital. I haven't been able to find a detailed review of Dreyfus' presentation. Anybody know where to find one?

vgm
Vgm - 5 years ago    Report SPAM
aditm
Aditm - 5 years ago    Report SPAM

ok

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