Tags: Buffett | DirecTV | stake | holding

Buffett's Latest Top Stocks List: He Scores Again With DirecTV

By    |   Monday, 19 May 2014 01:03 PM

There were some year-to-date losses among the gains in Warren Buffett's top 10 stock holdings, along with some familiar brand names — including takeover prize DirecTV.

The venerable stock picker's largest holding, according to 13-F Securities and Exchange Commission (SEC) filings by his Berkshire Hathaway investment vehicle, was Wells Fargo, Wall Street Cheat Sheet reported. Berkshire's stake in the nation's most profitable big bank was worth $21.7 billion at the end of the first quarter, and the stock is up about 8 percent so far in 2014.

Number 2 on Berkshire's list of top holdings was Coca-Cola, a stock that Wall Street Cheat Sheet said Buffett is on record as saying he will never sell. His stake in the beverage company is worth $15.5 billion, but the stock is down 1.9 percent this year.

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The number three, four and five stocks on Berkshire's list of largest holdings — all blue-chip names — were also down year to date.

They were American Express, with a stake estimated at $13.6 billion, down 3.5 percent so far in 2014; IBM, $13.2 billion, down 0.6 percent; and Wal-Mart, $4 billion, down 2.4 percent.

Rounding out the top 10 were Proctor & Gamble, $4.3 billion, down 1.1 percent in 2014; Exxon Mobil, $4.0 billion, down 0.4 percent; US Bancorp, $3.4 billion, up 0.4 percent; DirecTV, $2.6 billion, up 23.3 percent; and DaVita Healthcare Partners, $2.6 billion, up 6.9 percent.

The values for DirecTV was before the weekend's announcement by AT&T that it is buying the satellite TV provider for $45 billion, or $95 per share — a 10 percent premium from Friday's closing price.

During the first quarter, Berkshire made some changes among its largest holdings. Wall Street Cheat Sheet said the company raised its stakes in Wal-Mart, US Bancorp, IBM and DaVita Healthcare, while trimming its holdings of General Motors, DirectTV and Phillips 66.

Among new positions taken during the quarter was a $524.4 million stake in Verizon Communications. There is also one possible ace up Buffett's sleeve — Berkshire has an option to purchase 700 million shares of Bank of America at any time prior to September 2021 for $5 billion.

Fortune reported that the 13-F SEC filings showed another famous investor, billionaire stock activist Carl Icahn, had a more "tech centric" strategy in the first quarter.

Icahn raised his stakes in eBay and Apple, but lowered his holdings in Netflix, Fortune said.

Editor's Note: 250% Gains Bagged Using Secret Calendar (See Video)

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There were some year-to-date losses among the gains in Warren Buffett's top 10 stock holdings, along with some familiar brand names — including takeover prize DirecTV.
Buffett, DirecTV, stake, holding
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2014-03-19
Monday, 19 May 2014 01:03 PM
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