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Warren Buffett Buys Bank of America Corporation, JPMorgan Chase & Co, Oracle Corp, Sells Phillips 66, Wells Fargo & Co, Sanofi SA

Third quarter portfolio update of Berkshire Hathaway

Warren Buffett (Trades, Portfolio) Buys Bank of America Corporation, JPMorgan Chase & Co, Oracle Corp, Sells Phillips 66, Wells Fargo & Co, Sanofi SA

Warren Buffett (Trades, Portfolio) and his investment managers are buying Bank of America Corporation, JPMorgan Chase & Co, Oracle Corp, US Bancorp, Goldman Sachs Group Inc, PNC Financial Services Group Inc, Bank of New York Mellon Corp, The Travelers Companies Inc, Delta Air Lines Inc, General Motors Co, sells Phillips 66, Wells Fargo & Co, Sanofi SA, Walmart Inc, American Airlines Group Inc, Charter Communications Inc, United Continental Holdings Inc during the 3-months ended 2018-09-30, according to the most recent filings of his investment company, Berkshire Hathaway. As of 2018-09-30, Berkshire Hathaway owns 46 stocks with a total value of $221 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

This is Warren Buffett (Trades, Portfolio)'s asset allocation as of third quarter:

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

1. Apple Inc (AAPL) - 252,478,779 shares, 25.79% of the total portfolio. Shares added by 0.21%

2. Bank of America Corporation (BAC) - 877,248,600 shares, 11.69% of the total portfolio. Shares added by 29.20%

3. Wells Fargo & Co (WFC) - 442,361,700 shares, 10.52% of the total portfolio. Shares reduced by 2.14%

4. Coca-Cola Co (KO) - 400,000,000 shares, 8.36% of the total portfolio.

5. The Kraft Heinz Co (KHC) - 325,634,818 shares, 8.12% of the total portfolio.

New Purchase: JPMorgan Chase & Co (NYSE:JPM)

Warren Buffett (Trades, Portfolio) initiated holdings in JPMorgan Chase & Co. His purchase prices were between $103.61 and $118.63, with an estimated average price of $113.52. The stock is now traded at around $107.33. The impact to his portfolio due to this purchase was 1.82%. His holdings were 35,664,767 shares as of 2018-09-30.

New Purchase: Oracle Corp (NYSE:ORCL)

Warren Buffett (Trades, Portfolio) initiated holdings in Oracle Corp. His purchase prices were between $44.72 and $51.72, with an estimated average price of $48.57. The stock is now traded at around $49.23. The impact to his portfolio due to this purchase was 0.97%. His holdings were 41,404,791 shares as of 2018-09-30.

New Purchase: PNC Financial Services Group Inc (NYSE:PNC)

Warren Buffett (Trades, Portfolio) initiated holdings in PNC Financial Services Group Inc. His purchase prices were between $134.39 and $146.34, with an estimated average price of $142.17. The stock is now traded at around $134.13. The impact to his portfolio due to this purchase was 0.38%. His holdings were 6,087,319 shares as of 2018-09-30.

New Purchase: The Travelers Companies Inc (NYSE:TRV)

Warren Buffett (Trades, Portfolio) initiated holdings in The Travelers Companies Inc. His purchase prices were between $122.39 and $134.44, with an estimated average price of $129.04. The stock is now traded at around $123.33. The impact to his portfolio due to this purchase was 0.21%. His holdings were 3,543,688 shares as of 2018-09-30.

Sold Out: Sanofi SA (SNY)

Warren Buffett (Trades, Portfolio) sold out his holdings in Sanofi SA. His sale prices were between $40 and $44.84, with an estimated average price of $42.72.

Sold Out: Walmart Inc (WMT)

Warren Buffett (Trades, Portfolio) sold out his holdings in Walmart Inc. His sale prices were between $84 and $98.64, with an estimated average price of $91.76.

Added: Bank of America Corporation (NYSE:BAC)

Warren Buffett (Trades, Portfolio) added to his holdings in Bank of America Corporation by 29.20%. His purchase prices were between $27.78 and $31.8, with an estimated average price of $30.46. The stock is now traded at around $27.28. The impact to his portfolio due to this purchase was 2.64%. His holdings were 877,248,600 shares as of 2018-09-30.

Added: US Bancorp (NYSE:USB)

Warren Buffett (Trades, Portfolio) added to his holdings in US Bancorp by 24.06%. His purchase prices were between $49.93 and $55.35, with an estimated average price of $52.97. The stock is now traded at around $54.18. The impact to his portfolio due to this purchase was 0.58%. His holdings were 124,923,092 shares as of 2018-09-30.

Added: Goldman Sachs Group Inc (NYSE:GS)

Warren Buffett (Trades, Portfolio) added to his holdings in Goldman Sachs Group Inc by 38.47%. His purchase prices were between $220.38 and $242.6, with an estimated average price of $232.61. The stock is now traded at around $202.77. The impact to his portfolio due to this purchase was 0.52%. His holdings were 18,353,635 shares as of 2018-09-30.

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

Warren Buffett (Trades, Portfolio) added to his holdings in Bank of New York Mellon Corp by 20.14%. His purchase prices were between $50.14 and $55.64, with an estimated average price of $52.62. The stock is now traded at around $48.23. The impact to his portfolio due to this purchase was 0.3%. His holdings were 77,849,476 shares as of 2018-09-30.

Added: Delta Air Lines Inc (NYSE:DAL)

Warren Buffett (Trades, Portfolio) added to his holdings in Delta Air Lines Inc by 2.94%. His purchase prices were between $48.78 and $59.61, with an estimated average price of $55.06. The stock is now traded at around $56.43. The impact to his portfolio due to this purchase was 0.05%. His holdings were 65,535,000 shares as of 2018-09-30.

Added: General Motors Co (NYSE:GM)

Warren Buffett (Trades, Portfolio) added to his holdings in General Motors Co by 2.08%. His purchase prices were between $33.55 and $40.09, with an estimated average price of $36.84. The stock is now traded at around $35.42. The impact to his portfolio due to this purchase was 0.02%. His holdings were 52,461,411 shares as of 2018-09-30.

Reduced: Phillips 66 (NYSE:PSX)

Warren Buffett (Trades, Portfolio) reduced to his holdings in Phillips 66 by 55.56%. His sale prices were between $109.36 and $123.34, with an estimated average price of $115.6. The stock is now traded at around $95.76. The impact to his portfolio due to this sale was -1.11%. Warren Buffett (Trades, Portfolio) still held 15,433,024 shares as of 2018-09-30.

Reduced: Wells Fargo & Co (NYSE:WFC)

Warren Buffett (Trades, Portfolio) reduced to his holdings in Wells Fargo & Co by 2.14%. His sale prices were between $52.56 and $59.19, with an estimated average price of $57.1. The stock is now traded at around $52.39. The impact to his portfolio due to this sale was -0.27%. Warren Buffett (Trades, Portfolio) still held 442,361,700 shares as of 2018-09-30.

Reduced: United Continental Holdings Inc (NASDAQ:UAL)

Warren Buffett (Trades, Portfolio) reduced to his holdings in United Continental Holdings Inc by 2.62%. His sale prices were between $68.88 and $90.33, with an estimated average price of $82.36. The stock is now traded at around $92.11. The impact to his portfolio due to this sale was -0.02%. Warren Buffett (Trades, Portfolio) still held 25,984,542 shares as of 2018-09-30.

Reduced: Charter Communications Inc (CHTR)

Warren Buffett (Trades, Portfolio) reduced to his holdings in Charter Communications Inc by 2.17%. His sale prices were between $274.65 and $332.59, with an estimated average price of $305.23. The stock is now traded at around $320.80. The impact to his portfolio due to this sale was -0.02%. Warren Buffett (Trades, Portfolio) still held 7,340,985 shares as of 2018-09-30.

Reduced: American Airlines Group Inc (AAL)

Warren Buffett (Trades, Portfolio) reduced to his holdings in American Airlines Group Inc by 2.24%. His sale prices were between $35.96 and $43.6, with an estimated average price of $39.08. The stock is now traded at around $38.26. The impact to his portfolio due to this sale was -0.02%. Warren Buffett (Trades, Portfolio) still held 43,700,000 shares as of 2018-09-30.


Here is the complete portfolio of Warren Buffett. Also check out:

1. Warren Buffett's Undervalued Stocks
2. Warren Buffett's Top Growth Companies, and
3. Warren Buffett's High Yield stocks
4. Stocks that Warren Buffett keeps buying

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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Comments

richday101
Richday101 - 6 months ago    Report SPAM
GuruFocus has missed a very noteworthy purchase by Berkshire Hathaway of it's own stock (BRK.A and BRK.B) in the 3rd Qtr, the first purchases since 2012. See details below:

https://on.wsj.com/2zq1ifo Nov 4 WSJ quote: "Berkshire Hathaway Inc. repurchased $928 million of its stock in the third quarter, a rare move that indicates Chairman Warren Buffett (Trades, Portfolio) sees a dearth of appealing investment options for his company’s large cash pile"

https://bit.ly/2PZCsx9 Nov 6 in Barrons: "The company said it bought 225 Class A shares at an average price of $312,806.74 and 4,139,192 shares of Class B shares at $207.09, for a total outlay of $927.57 million".

These buybacks indicates Buffett feels BRK shares are undervalued at 3rd Qtr prices. The BRK.A and BRK.B buys should be reflected in GuruFocus "Buffett stock picks". [bit.ly]







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