Berkshire Hathaway 13F: Buffett Adds Liberty Media, Cuts Mondelez

Berkshire Hathaway 13F: Buffett Adds Liberty Media, Cuts Mondelez
By Mark Hirschey (Work of Mark Hirschey) [CC BY-SA 2.0], via Wikimedia Commons

Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) released its 13F for the first three months of 2013 today. The full document can be found at the SEC at this link. Warren Buffett’s firm showed $85,001,377,329 in its 13F portfolio at the end of March 2013, compared to $75,313,577,902 at the end of December 2012.

Berkshire Hathaway 13F: Buffett Adds Liberty Media, Cuts Mondelez

According to the 13F filing, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) actually made few changes to its portfolio in the period ending March 31. The company added positions in two new stocks and closed positions in just two. The firm only made significant additions in nine stocks and significant reductions in three stocks.

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The new positions added to the Berkshire Hathaway holdings were Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) and the Chicago Bridge & Iron Company N.V. (NYSE:CBI). Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) bought 5,622,340 shares in Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB), valued at $627,621,799, and 6,508,600 shares in Chicago Bridge & Iron Company N.V. (NYSE:CBI), valued at $404,184,050.

The additions make up 0.74 percent and 0.24 percent of the entire 13F portfolio of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) respectively. The company also got out of two positions, those in General Dynamics Corporation (NYSE:GD) and Archer Daniels Midland Company (NYSE:ADM). Those sales represented 0.36 percent and 0.22 percent of the Berkshire portfolio respectively.

Mondelez International Inc (NASDAQ:MDLZ), formerly a part of Kraft Foods holdings, were cut by 45 percent according to the filing. Berkshire dropped 5,787,700 of its shares in the food producer, leaving it with 7,052,750 shares valued at $ 215,955,211. Interestingly, Berkshire also reduced its holdings in Kraft Foods Group Inc (NASDAQ:KRFT), dropping 66,653, or 3 percent of its holdings in the company, leaving it with 1,602,061 shares valued at $82,554,201.

One minor change that Warren Buffett’s company made to its 13F holdings in this period was the sale of 3 percent of its holdings in The Bank of New York Mellon Corporation (NYSE:BK). Berkshire sold 5,787,700 shares in the period, a small portion of its 18,939,115 shares in the company, valued at $530,105,825.

Buffett’s company’s biggest holdings at the end of March 2013 were Wells Fargo & Co (NYSE:WFC) with 458,170,323 shares valued at $16,947,721,017, The Coca-Cola Company (NYSE:KO) with 400,000,000 shares valued at $16,175,999,451, International Business Machines Corp. (NYSE:IBM) with 68,121,984 shares valued at $14,530,419,395, American Express Company (NYSE:AXP) with 151,610,700 shares valued at $10,227,657,683, and The Procter & Gamble Company (NYSE:PG) with 52,793,078 shares valued at $4,068,234,462.

Buffett is looking for long term value rather than flash in the pan growth, and most of the value of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) is held in wholly owned subsidiaries rather than stock.

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