By RTT News,
May 15, 2014, 11:52:00 PM EDT
(RTTNews.com) - Billionaire investor Warren Buffett'sBerkshire Hathaway, Inc.'s (BRKa, BRKb) U.S. equity portfolio was worth $118.5 billion at the end of the first quarter 2014, a regulatory filing showed Thursday.
As per a regulatory requirement, companies that control an investment portfolio of more than $100 million are required to report its U.S. stock holdings 45 days after the end of each quarter.
The filing shows that half of Buffett's investments are in four big companies, Coca Cola Co. (KO), American Express Co. ( AXP ), technology giant International Business Machines Corp. (IBM) and banking giant Wells Fargo & Co. (WFC), a Buffet favorite. Buffett collectively has investments worth more than $60 billion in his Big Four.
According to the quarterly holdings statement, the Omaha, Nebraska-based company has made a new investment in Verizon Communications Inc. (VZ), acquiring 11 million shares for about $524 million.
The quarterly filing primarily shows major changes in the company's investments in General Motors Co. (GM), retail giant Wal-Mart Stores, Inc. (WMT), and satellite television company DirecTV (DTV).
Berkshire Hathaway trimmed its holdings in automaker General Motors Co. by 10 million shares to now own 30 million shares valued at about $1 billion after a series of car recalls.
It also increased stake in Wal-Mart by about 17.3 percent to 58.1 million shares for a total holding of about $4.44 billion.
Meanwhile, Berkshire trimmed its stake in DirecTV by two million shares to now hold 34.5 million shares, which were valued at about $2.6 billion. This could be after reports that AT&T Inc. is in talks to buy DirecTV for about $50 billion.
The company has also added to its holding in some other companies such as DaVita HealthCare Partners. Inc (DVA) and International Business Machines Corp. ( IBM).
Berkshire maintained its holdings two oil sector companies, energy giant Exxon Mobil Corp. (XOM) and ConocoPhillips ( COP ), but added to its stake in Phillips 66 (PSX). It also held on to its stakes in General Electric Co. (GE), Suncor Energy, Inc. (SU) and Kraft Foods, Inc. (KFT).
The company has also maintained its large positions in Procter & Gamble Co. (PG), Paramount studios owner Viacom, Inc. (VIA), healthcare giant Johnson & Johnson (JNJ), and John Malone-controlled Liberty Media Corp. (LMCA).
The company has also maintained its holdings in financial companies Bank of New York Mellon Corp. ( BK ), M & T Bank Corp. (MTB), and Goldman Sachs Group, Inc. (GS), while adding to stake in U.S. Bancorp. (USB).
Meanwhile, as Berkshire has been granted permission by the U.S. Securities and Exchange Commission to keep some holdings information confidential for now, some of the changes in holdings might not have been revealed in the filing.
Buffet's stock picks are closely watched by money managers and other investors as an indicator of market movements in the future.
Buffett has said earlier that he makes Berkshire's large billion dollar investments, while some of the smaller investments are made by Buffett's two investment managers, Ted Weschler and Todd Combs, who oversee about seven billion dollars each.
Berkshire's Class B shares closed Thursday's regular trading session at $127.36, down $1.17 or 0.92% on a volume of 3.21 million shares. The company's Class A shares closed at $189,371.00, down $2,049.00 or 1.07% on a volume of 167 shares.
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