• Berkshire Hathaway 1st Quarter 2010 13F-HR

Berkshire Hathaway 1st Quarter 2010 13F-HR

6:35 AM  Pisstol Aer   Labels: ,
Berkshire Hathaway's (BRKa) 1st quarter 2010 13F-HR was released on May 17th, 2010.

The equity portfolio is now made up of over 40% financials and 38% consumer goods. Top five holdings are:
  1. Coca-Cola (KO) = 21.6% of the portfolio
  2. Wells Fargo (WFC) = 19.6%
  3. American Express (AXP) = 12.3%
  4. Procter and Gamble (PG) = 9.6%
  5. Kraft (KFT) = 6.3%
Top five holdings represent nearly 70% of the portfolio value.

Here is a summary of changes made to the portfolio this past quarter:

Sold completely out of positions in Wellpoint (WLP), United Health (UNH), Suntrust (STI), and Travellers (TRV).

Also reduced exposure to the following:
  • ConocoPhillips (COP)
  • Johnson & Johnson (JNJ)
  • Procter & Gamble (PG)
  • Kraft (KFT)
Other reductions include KMX, GCI, MCO, COST, MTB but the overall portfolio impact was not significant. None of these smaller individual changes represented more than .15% of the equity portfolio's value.

The reduction to his Kraft shares was the largest change this quarter (sold ~$ 900 million of what was a ~$ 4 billion position) and likely a reflection of not being too impressed with the purchase of Cadbury or the sale of the pizza business. Yet it remains a top five holding. Some of the other equities that were sold last quarter may reflect a desire to raise some cash after the Burlington Northern purchase.

Finally, Buffett bought some additional shares in the following:
  • Iron Mountain (IRM)
  • Republic Services (RSG)
  • Becton Dickinson (BDX)
None of these 3 purchases was more than .15% of the equity portfolio's value so each of these additions were relatively small adjustments.

So the moves in Kraft and to a lesser extent Procter & Gamble were the largest one's made quarter. Still, neither change was significant in the context of the entire equity portfolio.

Adam

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Berkshire Hathaway 1st Quarter 2010 13F-HR
Berkshire Hathaway 1st Quarter 2010 13F-HR
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