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Follow AMCScam. Image source: The Motley Fool. And it's also yet another Buffett stock with a John Malone connection — albeit a small one now. Malone served on the telecom and media company's board of directors from until , when he stepped down to concentrate his focus on a smaller group of companies. He does remain a director emeritus, however.
Buffett entered CHTR in the second quarter of , but he has seemingly lost his love for the telecom company in recent years. His position has been trimmed down from 9. Charter remains a decent position in the Berkshire Hathaway portfolio, at 1. Courtesy The National Guard via Flickr. DaVita serves patients via more than 3, dialysis centers in the U. Aging baby boomers and a graying population in many developed markets should provide a strong, secular tailwind.
Berkshire disclosed its initial position in DaVita during 's first quarter. Given that DVA was a large position of Ted Weschler's Peninsula Capital in his pre-Berkshire days, it wasn't unreasonable to assume that it was his pick.
Weschler confirmed as much in For now, Buffett is DaVita's largest shareholder by a country mile. Its stake of It'a also one of the oldest Buffett stocks in the Berkshire Hathaway portfolio; the Oracle of Omaha initiated his position in the first quarter of Buffett is notoriously tight-lipped about U. Bancorp and rarely touches the position. But he clipped it by 0. That followed a trimming of 1. Scraping just a bit off the USB stake stands in stark contrast to what Buffett has done with so many of Berkshire's other bank stocks, however.
Mostly, he's taken a hatchet to them. And it's not like the regional lender's returns have justified holding on when Buffett has abandoned so many of its peers. True, USB's total return beats the broader market's by 23 percentage points so far in , but it lags considerably over the past three-, five-, and year periods.
Still, USB shareholders no doubt appreciate Berkshire's vote of confidence. The holding company's 8. That's why it looks so at home in Berkshire Hathaway's portfolio. Berkshire and Buffett initiated a brand-new stake in VZ in Q4 , picking up almost In one fell swoop, the telco accounted for a sizable 3. VZ's percentage of assets has slipped a bit, but still remains a hefty 3.
Berkshire also remains the fourth-largest owner of VZ shares at 3. Bulls like Verizon for both its growth prospects in the era of 5G networking, its defensive characteristics and the reliable income stream it delivers to investors. It also offers financial analysis technology via Moody's Analytics. MCO is a longtime, significant holding in the Berkshire Hathaway portfolio — and an ironic one to boot. The funny thing about Berkshire's holding in Moody's is that Buffett said back in that "Our job is to rate credit ourselves.
We do not outsource that to ratings agencies. Vanguard is a distant second at 7. The holding is meaningful on Berkshire's end, too. But it has been a dog, and Buffett likely still regrets his participation in what was one of his biggest deals of the past decade. In , Fitch downgraded the company's debt to junk status. Kraft's operational performance has at least improved since then, but its shares have gone back to lagging the broader market.
KHC still has a lot of catching-up to do to shed its "dud" status in the Berkshire Hathaway equity portfolio. Buffett says he overpaid, and it's difficult to disagree. Berkshire Hathaway remains the company's second-largest shareholder with a Private investment firm 3G Capital — who teamed up with Berkshire in to purchase H. Heinz — is tops at In his letter to Berkshire shareholders, Buffett said he expected to hold on to the stock "for a long time. Three decades later, he has proven true to his word.
Berkshire is KO's largest shareholder with 9. Shares were added back to the Dow in , and they've remained a stalwart member ever since. The beverage maker has increased its dividend annually for 59 years.
Buffett likes to say this his preferred holding period is "forever," and AmEx is one of the premier examples. Berkshire entered its initial stake in the credit card company in , when a struggling AmEx badly needed capital.
Buffett obliged, getting favorable terms on his investment. He has played the role of white knight many times over the years, including during the financial crisis, as a means to get stakes in good companies at a discount. Think: Goldman Sachs and Bank of America. No one would've been surprised if Buffett had trimmed his AXP position sometime during the course of After all, Berkshire dumped financial stocks all year, and he even trimmed his stakes in payments processors during Q2.
Berkshire Hathaway, which owns Buffett praised the power of AmEx's brand at Berkshire's annual meeting. Buffett spent most of hacking and slashing at his various bank-stock holdings. Buffett's interest in BAC dates back to , when he swooped in to shore up the firm's finances in the wake of the Great Recession.
Warren Buffett let go of 2. And while he cut heavily into various bank holdings in , he actually added to Berkshire's already large position in Q3 of that year by snapping up more than 85 million shares.
Meanwhile, Berkshire is Bank of America's largest shareholder, at B's stake at the end of last year. Berkshire Hathaway sold off But that likely had little to do with a lack of faith in the iPhone maker. It might as well be. And Berkshire remains Apple's third largest investor with an million-share stake representing about 5.
Only Vanguard and BlackRock — giants of the passively managed index fund universe — hold more Apple stock. The Oracle of Omaha has only occasionally dabbled in technology stocks.
It's likely that Buffett was merely taking profits on what has been an exceptionally fruitful investment. That's roughly 3. Skip to header Skip to main content Skip to footer.
Home investing stocks. You know the old adage, when you find yourself in a hole the first thing to do is stop digging. That applies to business as well as life. In the late s Buffett acquired a department store, Hochschild-Kohn, through a company called Diversified Retailing, which later merged with Berkshire. What they teach and reinforce, in so many ways, is that you can be the hero.
You can be the exception to the base rate. There are no points for difficulty, so as Munger alluded to, smart people will play where competition is weak. You can have the best management team that money can buy and still fail big in retailing — a recent example being JC Penney.
Diversified Retailing also owned shares in a better business: Blue Chip Stamps, which provided supermarkets and other retailing outlets trading stamps to give their customers that could be exchanged for merchandise.
The contrast between running a good business and a poor one stuck with Munger and Buffett and they decided to pay up for a real quality business. And without Coke, Berkshire would be a lot less prosperous today as that investment has been one of their best.
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