SQ Advisors’ Top Holdings: UPS, Oracle, Wells Fargo, Berkshire

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The latest 13F filing by SQ Advisors reveals an aggregate portfolio worth $2.10 billion as of December 31, 2013. This is up from the end-September value of $1.87 billion.

United Parcel Service tops SQ Advisors’ portfolio holdings

As of the end of December, SQ Advisors’ biggest holding as a percentage of portfolio value was United Parcel Service, Inc. (NYSE:UPS) at a substantial 11.89%. The investment advisor owns 2,378.662 shares of United Parcel Service, Inc. (NYSE:UPS) that are currently valued at $249.95 million. During the last quarter, SQ Advisor added 179,376 shares of the package delivery company.

The second largest holding was Oracle Corporation (NYSE:ORCL) of which SQ Advisors owns 5,887,075 shares that are currently valued at $225.23 million representing 10.71% of its total portfolio. The investment management firm added 584,722 shares of Oracle during the quarter ended December 31, 2013.

The investment advisor’s third largest holding was Wells Fargo & Co (NYSE:WFC) in which it owns 4,802,387 shares valuing $218.02 million, constituting 10.37% of its overall portfolio. During the quarter, SQ Advisor added 459,617 more shares of the banking major.

Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) was the fourth largest holding of SQ Advisors. The investment advisor owns 1,754,366 shares that are currently valued at $207.99 million, representing 9.89% of its overall portfolio. SQ Advisor added 115,904 additional shares of Berkshire during the quarter.

SQ Advisors’ fifth largest holding was the leading financial services major Charles Schwab Corp (NYSE:SCHW) where it owns 7,523,342 shares that are currently valued at $195.60 million representing 9.30% of its total portfolio. The investment manager added 17,461 shares of Charles Schwab during the quarter.

SQ Advisors reduced positions

During the quarter, the investment management firm sold 1,268,745 shares of DIRECTV (NASDAQ:DTV). After the sale, SQ Advisors owns 1,664,476 shares of DIRECTV currently valuing $114.96 million representing 5.47% of its overall portfolio, down from 9.37% in the previous quarter.

SQ Advisors also sold 1,425,414 shares of TE Connectivity Ltd (NYSE:TEL) (formerly Tyco Electronics Ltd) during the quarter. The investment firm trimmed a substantial 39% of its position in TE Connectivity Ltd (NYSE:TEL) It now holds 2,145,986 shares valuing $118.26 million still representing 5.63% of its overall portfolio.

During the quarter, SQ Advisors also trimmed its position in Valeant Pharmaceuticals Intl Inc (NYSE:VRX) International by selling 2,362 shares. Post the sale, SQ Advisors owns 1,658,555 shares of Valeant currently valued at $194.66 million representing 9.26% of its overall portfolio.

About the Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports