Stock Portfolio: Buffett's and Mine

Contributed by mm | August 21, 2007 12:41 PM PST

Today WSJ dubbed Warren Buffett as "one of the last buyers standing." The famous Oracle of Omaha's holding company, Berkshire Hathaway, just released its stockholdings as of June 30, 2007. According to StreetInsider.com, the legend investor opened two new positions, raised stakes on 8, and sold on 7.

New Stakes:
Bank of America (NYSE: BAC) 8,700,000 shares
Dow Jones (NYSE: DJ) 2,781,800 shares

Raised Stakes:
Burlington Northern Santa Fe Corp. (NYSE: BNI)
Johnson & Johnson (NYSE: JNJ)
Nike Inc. (NYSE: NKE) from 4,000,000 shares to 8,000,000 shares
Proctor & Gamble (NYSE: PG)
Sanofi-Aventis (NYSE: SNY)
US Bancorp (NYSE: USB)
WellPoint Inc. (NYSE: WLP) from 979,700 shares to 4,200,000 shares
Wells Fargo & Co. (NYSE: WFC)

Lowered Stakes:
Ameriprise Financial (NYSE: AMP)
Block H & R (NYSE: HRB) from 1,246,800 shares to 0
Norfolk Southern Corp. (NYSE: NSC) from 6,362,800 shares to 0
Pier 1 Imports (NYSE: PIR) from 1,483,400 shares to 0
Tyco International Ltd. (NYSE: TYC) from 10,000,000 shares to 6,310,200
Union Pacific (NYSE: UNP) from 10,513,100 shares to 0
Western Union Co. (NYSE: WU) from 9,868,000 shares to 3,200,000 shares

Compared to my self-managed stock portfolio, it seems that Buffett is confirming my big bet on Bank of America. On the other hand, should I pay more attention to my newly adopted Western Union shares? (Buffett's holding of Western Union comes from the its spin-off from parent First Data, which Buffett has been holdig for a long time.)

StreetInsider also shared other Berkshire Hathaway holdings with no change of positions in the 2nd quarter:

Maintained Stakes:
American Express (NYSE: AXP), American Standard (NYSE: ASD), Anheuser Busch (NYSE: BUD), Coca Cola (NYSE: KO), Comcast (Nasdaq: CMCSA), Comdisco Holding Co. Inc. (OTCBB: CDCO), ConocoPhillips (NYSE: COP), Costco Wholesale Corp. (Nasdaq: COST), First Data Corp. (NYSE: FDC), Gannett Co., Inc. (NYSE: GCI), General Electric (NYSE: GE), Home Depot (NYSE: HD), Ingersoll-Rand Co. Ltd. (NYSE: IR), Iron Mountain Inc. (NYSE: IRM), Lowe‘s Companies Inc. (NYSE: LOW), M&T Bank Corp. (NYSE: MTB), Moody’s Corp. (NYSE: MCO), PetroChina Co. Ltd. (NYSE: PTR), SunTrust Banks Inc. (NYSE: STI), Torchmark Corp. (NYSE: TMK), USG Corp. (NYSE: USG), United Parcel Service, Inc. (NYSE: UPS), Wal-Mart (NYSE: WMT), Washington Post Co. (NYSE: WPO), Wesco Financial Corp. (NYSE: WSC).

You may notice that American Express (AXP) and ConocoPhillips (COP) are also in my stable of individul stock holdings.

Most importantly, the Berkshire Hathaway stock itself is my second largest individual stock holding (only after ConocoPhillip - COP). Given the strength, track record and relative stability of the insurance behemoth, shall I just replace my other domestic equity mutual funds with this stock?

This Post Has Received 3 Comments. Share Your Opinions Too.

The Divided Guy Commented on August 21, 2007

This is interesting - I too beleive that BAC is a good stock. I like it primarily for the rising dividend.

The Dividend Guy

Michael Fang Commented on August 22, 2007

I don't really have an answer to your question, but while you're examining Buffet's stock holdings, perhaps you should also exaimine how much of a _cash position_ he is holding vs. yours in the overall asset allocaiton of your wealth. I suspect his cash position is rather substantial. How about yours?

will Commented on August 23, 2007

Thanks for the interesting post.

I've been thinking about buying some BRK.b for my SDIRA but I've been waiting for it to go down a bit first. From your Target Price it seems that it could be a good buy, for a 11% return, even at todays price.

Would you mind sharing your ideas on how you arrived at your target sell price for BRK.b?

Will