Berkshire Hathaway’s Portfolio 9/30/2019

Notable changes in Berkshire Hathaway’s Portfolio vs last year

Berkshire sold out of Oracle (ORCL). Warren explains why in this CNCB interview. Warren says he does not understand the cloud. An astonishing statement when you consider Berkshire is buying Amazon (AMZN) to the tune of almost $1B. My guess is Bill Gates called him up after seeing the 13-F. “Hey Warren, Oracle while showing signs of life is hardly even 5th place in cloud infrastructure. Plus AMZN is trying to kill their database business. You are always welcome to be a shareholder at Microsoft!” Warren has explained multiple times that not buying MSFT in the early days of his friendship with gates was stupidity. Today with Gates on the board of Berkshire he does not want to draw any accusations of insider trading or conflict of interests.

  • Befriend Bill Gates in 1991
  • Starts buying IBM stock in 2011
  • Starts buying Apple in 2016
  • Sells first IBM shares in 2017
  • Closes out IBM in 2018
  • Buys Oracle stock in 2018
  • Sells Oracle stock in early 2019
  • Starts buying Amazon

See our post on last years portfolio. See all positions at or above $1B in the pie chart and table below. I include Amazon even though it is under $1B. It is very close to $1b and a very noteworthy addition.

CSV  
Stock$ value in B
APPL55.7
BAC27
KO21.7
WFC19.1
AXP17.9
KHC9
USB7.3
JPM7
MCO5
DAL4.1
GS3.8
BK3.6
LUV2.9
GM2.7
DVA2.7
VRSN2.4
CHTR2.2
VRSN2
UAL1.9
V1.8
MA1.3
LSXMK1.3
COST1.2
PNC1.2
AAL1.1
AMZN0.93

Berkshire Hathaway’s Equity Portfolio as of 11-14-2018

Berkshire Hathaway filed it’s 13-F a little while ago. When Todd Combs and Ted Weschler joined Berkshire I was excited if for no othe reason than the 13-Fs would get more interesting. But I think it is fair to say that Warren has been the big surprise in recent history with his Apple spending spree. The ballpark value of Berkshire’s APPL position is 10% of its market cap. Below is pie chart of BRK’s public equity positions with a value of 1 billion or greater.

CSV  
Stock$ value in B
APPL56.9
BAC25.8
WFC23.2
KO18.5
KHC17.9
AXP16.1
USB6.5
MCO4.1
GS4.1
JPM4
BK3.9
DAL3.8
LUV3.5
DVA2.7
CHTR2.4
UAL2.3
ORCL2.1
VRSN2
AAL1.8
GM1.7
PSX1.7
USG1.6
V1.6
MA1
COST1
LSXMK1.4