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Home / Business / Here's what Warren Buffett buys and sells – The Motley Fool

Here's what Warren Buffett buys and sells – The Motley Fool



Berkshire Hathaway (NYSE: BRK-A) [NYSE: BRK-B] filed its first quarter 13-F on Tuesday night, which reads details about the company's stock portfolio March 31 2018. And while we already knew about Berkshire's two major stock transactions, there were a few other surprises for investors.

Here's what Berkshire Hathaway bought

Company (symbol)

Shares held 31

/12/2017

Shares owned 31/03/2018

Change

% change

Apple [TevaPharmaceuticals (NYSE: TEVA)

18,875,721

40,539,710

21,663,989

115%

Monsanto (NYSE: MON)

11,708,747

18,970,134

7,261,387

62%

US Bancorp (NYSE: USB) [19659011] 87,058,877

90,847,721

3,788,844

4.4%

Bank of New York Mellon (NYSE: BK)

60,818,783

62,191. 448

1,372,665

2,3%

Delta Air Lines (NYSE: DAL)

53,110,395

53,599,357

488,962

0,9%

USG [19659047] (NYSE: USG)

39,002. 016

43,387,980

4,385,964

11.2%

Data source: Berkshire Hathaway SEC Filings. Only $ 200 million or more positions (at each quarter's end) are listed.

Obviously, Apple is the big story of the neighborhood and it's one we already knew. Buffett revealed Berkshire's increased share of the iPhone maker a few weeks before this SEC filing. In fact, in a recent CNBC interview, Buffett's comments sounded as if he could buy even more.

  Warren Buffet in conversation with the media.

Source: The Motley Fool.

The Two Most Significant Purchases We Have Made So far, generics companies Teva Pharmaceuticals and Monsanto have not been known.

Teva was a newcomer to Berkshire's portfolio in the fourth quarter, so it makes sense for the purchases to span two quarters. As my colleague Sean Williams wrote shortly after the release of the first share, Teva has several Buffett stock features such as a business model that is resistant to recession, strong cash flow and a dirt cheap valuation.

In Monsanto's Fall The acquisition plan for $ 128 per share was approved by Bayer and Berkshire will receive approximately $ 3 per share from the current price of the investment upon completion of the transaction. It's worth noting that this will be an all-cash deal that will increase Berkshire's already enormous cash reserves by about $ 2.4 billion.

Here's what Berkshire Hathaway has sold

Company (symbol)

Shares owned Dec 31, 2017

Shares owned 3/31/2018

Change

% change

International Business Machines (NYSE: IBM)

2,048,045

0

(2,048,045)

(100%)

Phillips 66 (NYSE: PSX) [19659011] 80,689,892 [19659013] 45,689,892

(35,000,000)

(43.4%)

Wells Fargo (NYSE: WFC)

458,232,268

456,513 .244

(1.719.024)

(0.4%) [19659016] Charter Communications (NASDAQ: CHTR)

8489391

8222873

(266,518)

(3, 1%)

United Continental (NYSE: UAL)

28,211,563

27,705,963

(505,600)

(1.8%)

Liberty Global ( NASDAQ: LBTYA)

20,180,897

18,206,408

(1,974,489)

(9.8%) [19659052] Data source: Berkshire Hathaway SEC Filings. Only positions of $ 200 million or more (at each quarter's end) are listed.

As already mentioned, we already knew that Berkshire had sold the last of its IBM investments in the quarter. That would not have been a surprise anyway. Berkshire has been outgrowing IBM stock for quite some time, and Buffett has made pessimistic comments about the company, saying that it values ​​it lower than it originally did.

We also knew that Buffett sold exactly 35 million shares of Berkshire to Phillips 66 shares back in the company. This move is designed to keep Berkshires ownership below 10% of the oil refinery to avoid additional regulatory controls. By the time the buyback was announced in February, Buffett emphasized that Berkshire intends to hold its Phillips 66 investment for the long term and that the sale served solely for regulatory purposes.

In this context, Berkshire shareholders wondered if Buffett would begin Wells Fargo's massive investment following the bank's scandals that have come to light in recent years. Buffett's recent comments indicate he has no plans to sell, and the only reason why Wells Fargo appears in the "Buffett Sells Shares" chart is for the same regulatory reason – keeping his ownership below 10% of the bank. [19659105] Should you do the same?

To be clear, we do not know if Warren Buffett made most of these decisions himself (apart from Apple and IBM), or if one of his stock pickers made the calls. [19659053Moreoveritisnotadvisabletobuyorsellashareinabillionairediestat-evenifthisbillionaireisOmaha'sdoctor

Matthew Frankel owns shares of Apple and Berkshire Hathaway (B-shares). The Motley Fool owns shares of and recommends Apple and Berkshire Hathaway (B-shares). The Motley Fool is a short share from IBM and has the following options: Long in January 2020 calls Apple 150 and shortly January 2020 155 calls to Apple. The Motley Fool has a disclosure policy.


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