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Berkshire Hathaway Buys Bank of New York Mellon, Synchrony Financial, STORE Capital Corp, Sells IBM, Wells Fargo

Second quarter portfolio update of Warren Buffett

Berkshire Hathaway Buys Bank of New York Mellon, Synchrony Financial, STORE Capital Corp, Sells IBM, Wells Fargo

Warren Buffett (Trades, Portfolio)’s investment company Berkshire Hathaway just released it second quarter portfolio. This is a summary of the buys and sells during the second quarter.

Berkshire Hathaway buys Bank of New York Mellon Corp, Synchrony Financial, STORE Capital Corp, Liberty SiriusXM Group, General Motors Co, Liberty SiriusXM Group, sells BM, Wells Fargo & Co, WABCO Holdings Inc, General Electric Co, Sirius XM Holdings Inc, American Airlines Group Inc, Delta Air Lines Inc, United Continental Holdings Inc during the 3-months ended 2017-06-30, according to the most recent filings of his investment company, Berkshire Hathaway. As of 2017-06-30, Berkshire Hathaway owns 47 stocks with a total value of $162.1 billion. These are the details of the buys and sells.



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



These are the top 5 holdings of Berkshire Hathaway



  1. The Kraft Heinz Co (KHC) - 325,634,818 shares, 17.2% of the total portfolio.
  2. Wells Fargo & Co (WFC) - 467,987,270 shares, 15.99% of the total portfolio. Shares reduced by 2.44%
  3. Apple Inc (AAPL) - 130,191,960 shares, 11.56% of the total portfolio. Shares added by 0.65%
  4. Coca-Cola Co (KO) - 400,000,000 shares, 11.06% of the total portfolio.
  5. American Express Co (AXP) - 151,610,700 shares, 7.88% of the total portfolio.




New Purchase: Synchrony Financial (NYSE:SYF)

Berkshire Hathaway initiated holdings in Synchrony Financial. His purchase prices were between $26.5 and $34.3, with an estimated average price of $29.72. The stock is now traded at around $30.88. The impact to his portfolio due to this purchase was 0.32%. His holdings were 17,463,000 shares as of 2017-06-30.

New Purchase: STORE Capital Corp (NYSE:STOR)

Berkshire Hathaway initiated holdings in STORE Capital Corp. His purchase prices were between $19.77 and $25.3, with an estimated average price of $22.15. The stock is now traded at around $24.12. The impact to his portfolio due to this purchase was 0.26%. His holdings were 18,621,674 shares as of 2017-06-30.

Sold Out: General Electric Co (GE)

Berkshire Hathaway sold out his holdings in General Electric Co. His sale prices were between $27.01 and $30.27, with an estimated average price of $28.62.

Added: Bank of New York Mellon Corp (NYSE:BK)

Berkshire Hathaway added to his holdings in Bank of New York Mellon Corp by 52.16%. His purchase prices were between $46.2 and $51.02, with an estimated average price of $47.79. The stock is now traded at around $53.15. The impact to his portfolio due to this purchase was 0.54%. His holdings were 50,229,588 shares as of 2017-06-30.

Added: Liberty SiriusXM Group (NASDAQ:LSXMK)

Berkshire Hathaway added to his holdings in Liberty SiriusXM Group by 39.38%. His purchase prices were between $36.25 and $42.87, with an estimated average price of $39.31. The stock is now traded at around $43.25. The impact to his portfolio due to this purchase was 0.23%. His holdings were 31,090,985 shares as of 2017-06-30.

Added: General Motors Co (NYSE:GM)

Berkshire Hathaway added to his holdings in General Motors Co by 20.00%. His purchase prices were between $32.42 and $35.36, with an estimated average price of $33.95. The stock is now traded at around $35.56. The impact to his portfolio due to this purchase was 0.22%. His holdings were 60,000,000 shares as of 2017-06-30.

Added: Liberty SiriusXM Group (NASDAQ:LSXMA)

Berkshire Hathaway added to his holdings in Liberty SiriusXM Group by 45.01%. His purchase prices were between $36.43 and $43.01, with an estimated average price of $39.45. The stock is now traded at around $43.41. The impact to his portfolio due to this purchase was 0.12%. His holdings were 14,860,360 shares as of 2017-06-30.

Reduced: International Business Machines Corp (NYSE:IBM)

Berkshire Hathaway reduced to his holdings in International Business Machines Corp by 16.23%. His sale prices were between $150.37 and $174.52, with an estimated average price of $158.02. The stock is now traded at around $142.47. The impact to his portfolio due to this sale was -1.13%. Berkshire Hathaway still held 54,084,673 shares as of 2017-06-30.

Reduced: Wells Fargo & Co (NYSE:WFC)

Berkshire Hathaway reduced to his holdings in Wells Fargo & Co by 2.44%. His sale prices were between $51.14 and $55.78, with an estimated average price of $53.58. The stock is now traded at around $52.92. The impact to his portfolio due to this sale was -0.4%. Berkshire Hathaway still held 467,987,270 shares as of 2017-06-30.

Reduced: WABCO Holdings Inc (NYSE:WBC)

Berkshire Hathaway reduced to his holdings in WABCO Holdings Inc by 97.83%. His sale prices were between $111.74 and $127.05, with an estimated average price of $119.53. The stock is now traded at around $139.56. The impact to his portfolio due to this sale was -0.21%. Berkshire Hathaway still held 63,195 shares as of 2017-06-30.

Reduced: Sirius XM Holdings Inc (NASDAQ:SIRI)

Berkshire Hathaway reduced to his holdings in Sirius XM Holdings Inc by 19.97%. His sale prices were between $4.73 and $5.49, with an estimated average price of $5.1. The stock is now traded at around $5.57. The impact to his portfolio due to this sale was -0.11%. Berkshire Hathaway still held 137,915,729 shares as of 2017-06-30.

Reduced: American Airlines Group Inc (NASDAQ:AAL)

Berkshire Hathaway reduced to his holdings in American Airlines Group Inc by 4.62%. His sale prices were between $40.9 and $51.43, with an estimated average price of $46.36. The stock is now traded at around $48.53. The impact to his portfolio due to this sale was -0.06%. Berkshire Hathaway still held 47,000,000 shares as of 2017-06-30.

Reduced: Delta Air Lines Inc (DAL)

Berkshire Hathaway reduced to his holdings in Delta Air Lines Inc by 3.48%. His sale prices were between $44.03 and $53.87, with an estimated average price of $48.91. The stock is now traded at around $50.05. The impact to his portfolio due to this sale was -0.05%. Berkshire Hathaway still held 53,110,395 shares as of 2017-06-30.

Reduced: United Continental Holdings Inc (UAL)

Berkshire Hathaway reduced to his holdings in United Continental Holdings Inc by 2.56%. His sale prices were between $67.75 and $82.03, with an estimated average price of $75.42. The stock is now traded at around $67.12. The impact to his portfolio due to this sale was -0.03%. Berkshire Hathaway still held 28,211,563 shares as of 2017-06-30.

About the author:

GuruFocus
Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

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