Warren Buffett Portfolio Grows By $12 Billion as He Makes 3 Big Buys

The latest data from Warren Buffett's Berkshire Hathaway (NYSE: BRK-A  ) (NYSE: BRK-B  ) is in, and it turns out Buffett made a few major purchases in the fourth quarter.

Source: Coca-Cola.

Once again, Berkshire held the public stock of 43 companies, but the total value of the holdings grew from $92 billion at the end of September to $104 billion at the end of 2013. The top of the portfolio stayed relatively unchanged, but thanks to the growth in price the stock at American Express, it and IBM swapped places, with American Express now being the third largest holding of Buffett at $13.8 billion, and IBM coming in fourth at $12.7 billion.

Wells Fargo still remained at the top of the portfolio, with a value eclipsing $21 billion, and Berkshire still owned 400 million shares of Coca-Cola, now worth more than $16.5 billion. Interestingly enough, Buffett added a little more than 325,000 shares of Wells Fargo, but considering he owned 463 million already, it didn't make much of a difference.

Big additions
For the third quarter in a row, Buffett bought stock of ExxonMobil, adding 3% to his total stake, making it the 6th largest position in his portfolio, worth $4.1 billion. Buffett and team (particularly portfolio manager Ted Weschler) also upped their stake in DaVita HealthCare Partners by 16% -- which now brings his total investment to $2.3 billion.

Source: Flickr / Insider Monkey.

Perhaps the biggest news though is that Berkshire has held onto a $2.2 billion position in Goldman Sachs (NYSE: GS  ) , making it the 11th largest in his portfolio. Typically Buffett favors commercial banks, like Wells Fargo and US Bancorp, however, he made a $5 billion investment in Goldman during the financial crisis. When Goldman Sachs and Berkshire amended the terms of the warrants in early 2013, Berkshire Hathaway took the profit in the form of common stock.

In addition to the Goldman Sachs addition, Buffett also more than doubled his position in USG Corp (NYSE: USG  ) , bringing the total investment from $487 million to $990 million. The building material manufacturer and distributor watched its stock stay essentially flat throughout the fourth quarter, but its price has actually risen by more than 20% already in 2014. Certainly Buffett is likely very happy about that.

The final big news from the Berkshire Hathaway portfolio was the sizable addition of General Electric (NYSE: GE  ) . Buffett and team upped their position in GE by more than 17 times, as they added almost 10 million shares worth of the company. In total, the position has now grown from being worth just $14 million to almost $300 million. In March of 2012, Berkshire had a position in GE worth nearly $160 million, but unloaded it to just a $13 million stake in September of 2012.

Clearly his opinion has shifted on the well-known American company, and he has expressed as much with his sizable purchase of General Electric's common stock.

Learning more from Warren
Curious why Warren Buffett bought more of a few well-known companies? The reality is, he has made billions through his investing and he wants you to be able to invest like him. Through the years, Buffett has offered up investing tips to shareholders of Berkshire Hathaway. Now you can tap into the best of Warren Buffett's wisdom in a new special report from The Motley Fool. Click here now for a free copy of this invaluable report.

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  • Report this Comment On February 15, 2014, at 2:34 PM, Intergity wrote:

    Mr. Buffet is among the smartest of investors who respects the purpose of the Stock Market. It was designed for "LONG TERM INVESTORS", not the speculating stock flippers and day traders, who wreak havoc in the markets, Nor was the Stock Market designed for the Hedge Fund Gamblers, Nor does Mr. Buffet play games with these hot shot degree riding boiler room mentality traders.

    Mr. Buffet INVEST in companies, not playing roulette looking for a over-night windfall.

    Most in the Markets will never understand him nor his strategy. Because most are after greed gains, when Mr. Buffet understand what a companies 10Q is aimed to pursue. More so he hires people who can follow a company, understand its trends and what it's ACTUAL PRODUCTION AND SALES FIGURES MEAN, he is not caught up in what the stock flippers do as to over inflating stock values, he invest based on the actual value of sales and productions, and he certainly invest based on knowing that a company has not fallen prey to attorneys, brokers and banks, and over leveraged themselves. He also do not buy companies that are on a 'black hole mission" of trying to suck up anything within its radius. He invest in companies who understand what their core business is and do not deviate from it.

    His life tells his truths. He has been and remains stable in his home life. He has not flipped out behind Mansions, Women and all the trapping others chase. You don't see any Yacht's and all the over exaggerated Mansions sitting empty and costing a fortune in upkeep, you don't see a list of fashion designers pushing their delusions upon him.

    Respect first the man, then you can understand his methodology.

  • Report this Comment On February 15, 2014, at 7:23 PM, alh41 wrote:

    Wouldn't it be a LOT more pertinent to express Buffet's increase as a percentage of his holding. I think I've done just as well on a percentage basis. Unfortunately I do not have the basis of Buffet.

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Patrick Morris

After a few stints in banking and corporate finance, Patrick joined the Motley Fool as a writer covering the financial sector. He's scaled back his everyday writing a bit, but he's always happy to opine on the latest headline news surrounding Berkshire Hathaway, Warren Buffett and all things personal finance.

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