Tuesday, August 15, 2006

Berkshire Hathaway Filing

Yesterday, Berkshire Hathaway filed its 13-F outlining its holdings. I will be reviewing the holdings, and the changes for a number of institutional managers that I hold in high regard. A 13-F is a form that investment managers who are managing over $100 million must file on a quarterly basis. Remember that this can be somewhat stale information for some very active managers...it applies to holdings as of June 30th of this year

Berkshire bought two new positions,

Sanofi-Aventis (SNY) 448.5K

Johnson & Johnson (JNJ) 1.97 M

Berkshire increased its stake in:

Iron Mountain (IRM) +1.5M to 5M

Berkshire eliminated its position in:

Lexmark (LXK) previously 2.5 M

Gap Stores (GPS) previously 10M

Berkshire reduced its position in:

H&R Block (HRB) -4.7M to 11.4M

Sealed Air (SEE) -60.2K to 677.7K

ServiceMaster (SVM) -400K to 4M

Anheuser Busch (BUD) -32.6K to 43.5M

Unchanged positions:

American Express (AXP)

Ameriprise (AMP)

Coca-Cola (KO)

Comcast (CMCSA)

Comdisco (CDCO)

ConocoPhillips (COP)

Costco (COST)

First Data (FDC)

Gannett (GCI)

General Electric (GE)

Home Depot (HD)

Lowes (LOW)

M&T Bank (MTB)

Moody's (MCO)

Nike (NKE)

Outback Steakhouse (OSI)

PetroChina (PTR)

Pier One (PIR)

Procter & Gamble (PG)

SunTrust Banks (STI)

Torchmark (TMK)

Tyco International (TYC)


United Parcel (UPS)

WalMart (WMT)

Washington Post (WPO)

    Remember, whether in driving or portfolio management, there is danger in following too closely! Blind faith in even the greatest's stock picking can also be risky...witness Pier One . Remember, these changes are as of June 30th.Disclaimer: I, my family, and some clients have a current position in Berkshire, Lexmark, Gap, Comcast,Tyco, and WalMart. As well, some clients have positions in H&R Block, Anheuser Busch, ConocoPhillips, General Electric, and Home Depot.


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