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Berkshire Hathaway

Q1 2014 13F · by Warren Buffett, CEO

As of
Mar 31, 2014
Filed
May 15, 2014
US stock
$105.8B · prev $104.8B
Positions
45 · prev 43
Options notional
$0
Documents
1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 100.0%
  • Foreign stock not listed in the US 0.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves12 since the prior filing

The book

Very concentrated · behaves like 9 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 7.0% a year, about 14.3 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions66% of US stock

  1. WFC Wells Fargo & Co. held held21.8%
  2. KO Coca-Cola Company held held14.6%
  3. AXP American Express Company held held12.9%
  4. IBM International Business Machines Corporation added+0.25 pp added+0.2512.4%
  5. WMT Walmart Inc. added+0.48 pp added+0.484.2%

Positions45 in this filing · 0 exited

WFCWells Fargo & Co.21.79%463,458,123$23.1Bheld—4 q
KOCoca-Cola Company14.62%400,000,000$15.5Bheld—4 q
AXPAmerican Express Company12.90%151,610,700$13.6Bheld—4 q
IBMInternational Business Machines Corporation12.44%68,355,084$13.2Badded0%+0.25 pp4 q
WMTWalmart Inc.4.19%58,052,412$4.4Badded+17%+0.48 pp4 q
PGProcter & Gamble Company4.02%52,793,078$4.3Bheld—4 q
XOMExxon Mobil Corp3.80%41,129,643$4.0Bheld—4 q
USBU.S. Bancorp3.24%80,026,697$3.4Badded+1%+0.18 pp4 q
unresolvedDirectv2.49%34,514,700$2.6Btrimmed−5%+0.08 pp4 q
DVADaVita Inc.2.45%37,621,152$2.6Badded+3%+0.25 pp4 q
GSGoldman Sachs Group Inc.1.96%12,631,531$2.1Bheld—2 q
MCOMoody's Corporation1.85%24,669,778$2.0Bheld—4 q
GHCGraham Holdings Company1.15%1,727,765$1.2Bheld—2 q
unresolvedU S G Corp1.08%34,890,174$1.1Bheld—4 q
GMGeneral Motors Company0.98%30,000,000$1.0Btrimmed−25%−0.58 pp4 q
BNYBank of New York Mellon Corporation0.82%24,652,836$870Mheld—4 q
unresolvedChicago Bridge & Iron Co N V0.79%9,550,755$832Mheld—4 q
COPConocoPhillips0.74%11,079,958$779Mheld—4 q
PSXPhillips 660.71%9,741,303$751Mtrimmed−64%−1.29 pp4 q
unresolvedLiberty Media Corp Delaware0.66%5,300,000$693Mheld—4 q
NOVNOV Inc.0.65%8,880,000$691Mheld—4 q
MTBM&T Bank Corp.0.62%5,382,040$653Mheld—4 q
VIABViacom Inc. Class B0.61%7,607,200$647Mheld—4 q
VRSNVeriSign Inc0.60%11,685,654$630Madded+7%−0.03 pp4 q
VZVerizon Communications0.50%11,022,743$524Mnew+0.50 ppnew
unresolvedPrecision Castparts Corp0.47%1,977,336$500Mheld—4 q
COSTCostco Wholesale Corp0.46%4,333,363$484Mheld—4 q
SUSuncor Energy, Inc.0.43%13,000,000$454Mheld—4 q
WBCWabco Holdings Inc.0.41%4,076,325$430Mheld—4 q
DEDeere & Company0.34%3,978,767$361Mheld—4 q
TMKGlobe Life Inc.0.32%4,235,818$333Mheld—4 q
VVISA Inc.0.32%1,555,459$336Mheld—4 q
MAMastercard Incorporated0.29%4,050,000$303Mheld—4 q
LBTYALiberty Global Ltd. Class A0.29%7,346,968$306Madded×2.5+0.04 pp2 q
LBTYKLiberty Global Ltd. Class C0.28%7,346,968$299Mnew+0.28 ppnew
unresolvedGeneral Electric Co0.26%10,585,502$274Mheld—4 q
SNYSanofi0.19%3,905,875$204Mheld—4 q
VRSKVerisk Analytics, Inc.0.09%1,563,434$94Mheld—4 q
unresolvedMedia Gen Inc0.08%4,646,220$85Mheld—4 q
unresolvedStarz0.06%1,919,541$62Mtrimmed−58%−0.07 pp4 q
JNJJohnson & Johnson0.03%327,100$32Mheld—4 q
MDLZMondelez International, Inc. Class A0.02%578,000$20Mheld—4 q
unresolvedKraft Foods Group Inc0.01%192,666$11Mheld—4 q
UPSUnited Parcel Service, Inc. Class B0.01%59,400$6Mheld—4 q
LEELee Enterprises, Inc.0.00%88,863$397,000held—4 q

Source

Form
13F-HR
Reading
0 defects · 9 unresolved
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet