Loading...
Symbols:
Authors:

Warren Buffett Accumulates NRG Energy, Ingersoll-Rand and Union Pacific

by: Lon Juricic August 15, 2008 | about stocks: AXP / BNI / BRK.A / BRK.B / BUD / COP / IR / KFT / NRG / PG / UNP / WFC    
Lon Juricic

Lon Juricic

About this author:
Become a Contributor Submit an Article
  • Font Size:
  • Print

[Editor's note: Article corrected on 8/21 from original version.]

Warren Buffett's Berkshire Hathaway released its 13F for the quarter ended June 30, 2008. Below are some notable moves:

  • New 3,238,100 share stake in NRG Energy (NRG)
  • Raised stake in Ingersoll-Rand (IR) from 936,600 shares to 5,636,600 shares. Footnote: Ingersoll-Rand bought another one of Buffett's stocks Trane (formerly TT), in a deal that was completed June 5th. Holders of Trane received a combination of $36.50 in cash and 0.23 Ingersoll Rand shares of common stock per each Trane share. Buffet held 10,901,900 Trane share at 03/31/08, so a portion of the increased IR stake (about 2.5M) is related to the buyout.
  • Raised stake in Union Pacific (UNP) from 4,453,000 shares to 8,906,000 shares. Footnote: UNP split 2-for-1, so while Buffett's share went up it was only due to the split and his stake in the company remains the same.
  • Lowered stake in Anheuser-Busch (BUD) from 35,563,200 shares to 13,845,000 shares. NOTE: BUD agreed to be acquired by InBev, so there is likely no more upside in the stock.
  • ConocoPhillips (COP) lowered 17,508,700 shares to 0 shares.
    Footnote: Confidential information on ConocoPhillips has been omitted from the Form 13F and filed separately with the SEC, so we don't know if Buffett raised his stake or lowered it.

Buffett maintained his position is large holding Wells Fargo & Company (WFC), which is worth nearly $9B. He also maintained his massive positions in Procter & Gamble (PG) ($7.4B), Burlington Northern (BNI) ($6.3B), American Express (AXP) ($5.8B) and Kraft (KFT) ($4.5B), among others.

Read the Full 13-F Summary Here

Related Articles

This article has 6 comments:

  •  
    Aug 15 08:33 AM
    Whoever wrote this doesn't do much homework. Buffett did not add to his Union Pacific holdings. The number of sharees doubled because the stock split 2 for 1 in May.
    Reply
  •  
    Aug 15 10:50 AM
    RonB, Thank you for your observation and post. A question that almost continually occupies my underdeveloped, long A & B mind is: Instead of concerning them selves with what Warren has done or is going to do, why don't they just join him?
    Reply
  •  
    Aug 15 12:33 PM
    Berkshire also made a confidential filing with the SEC regarding its stake COP, as reported by Reuters.

    The SEC regularly lets Buffett delay disclosing some of his investing activity so others cannot copy him.
    So you're not accurate by saying he reduced his stake to 0 in cop.
    Reply
  •  
    Aug 16 11:14 AM
    Rong,

    The price of Berkshire stock carries a substantial premium over the price of the stock portfolio it holds. This premium may or may not be justified; Buffett himself prefers buying shares of IR and NRG to buying back shares of BRK, and for a good reason too: he doesn't consider the price of BRK shares to be a bargain, unlike that of IR and NRG.

    Berkshire is not a mutual fund or an ETF. If the primary insurance and reinsurance businesses of Berkshire falter, an investor may do much better by holding KO, PG, WFC, AXP and the other stocks in the portfolio than by owning shares of BRK.
    Reply
  •  
    Aug 16 05:55 PM
    The author got the facts so wrong in this article that it should be deleted as not to mislead more people.
    Reply
  •  
    Aug 24 03:02 PM
    NRG and IR were more than likely bought by Louis simpson who is NO BUFFett
    Reply
More Comments on NRG ยป
More by Lon Juricic
Investment Resources
Money Managment
Research
Seeking Alpha provides these ads as a service to its leading contributors
Articles on related themes
Consumer Credit
Insurance
Investment Banks
Major & Intl. Banks