|Warren Buffett speaking to a group of students from the Kansas University School of Business (Photo credit: Wikipedia)|
chicago, Nov.18, stock trade .- Having had a chance to take a much closer look at the changes that were made to Berkshire Hathaway's (BRK.A)/(BRK.B) stock holdings during the third quarter, we continue to view the equity at as a work in progress.
As for the non-Buffett purchases made during the third quarter, we saw Berkshire not only pick up additional shares of General Motors(GM), National Oilwell Varco(NOV), DaVita HealthCare Partners(DVA), DirecTV, Viacom(VIAB), and Mellon(BK), but also make new-money purchases of Deere(DE), Precision Castparts(PCP), Wabco Holdings (WBC), and Media General (MEG). We continue to attribute holdings in DirecTV, DaVita, and Viacom to Ted Weschler, given that these were top five holdings at Peninsula prior to his joining Berkshire late last year. It is also interesting to note that Weschler has more than $ 1 billion invested in both DirecTV (at $ 1.5 billion or 2.1% of Berkshire’s total equity portfolio) and DaVita (at $ 1.0 billion or 1.4% of the portfolio), which has been a rarity for managers not named Warren Buffett at the firm over the years. ... Continue to read.