Oracle Watch: Warren Buffett’s Top 10 Favorite Stocks
While Warren Buffett’s cash pile is sitting at record highs, the legendary investor continues to hold significant positions in some of the world’s most well-known companies. Courtesy of a new filing, we now have a peek at how the Oracle of Omaha deployed capital in the second-quarter.
Many institutional investment managers recently filed their mandatory 13-F with the Securities & Exchange Commission. The filing is a quarterly report of equity holdings required by managers that oversee more than $100 million in qualifying assets and must be filed within 45 days of the end of each quarter. The 13-F provides a glance at what firms did in the previous quarter, but investors should keep in mind that hedging and trading strategies of each fund are still unknown.
Berkshire Hathaway (NYSE:BRKA) made several changes during the second-quarter. The company raised its stakes in the following blue chips: Verizon (NYSE:VZ), Wal-Mart (NYSE:WMT), Visa (NYSE:V), and International Business Machines (NYSE:IBM). It also raised its stake in General Motors (NYSE:GM) to $1.2 billion, and added a new position in Charter Communications (NASDAQ:CHTR) worth $365.7 million. Berkshire reduced positions in ConocoPhillips (NYSE:COP), Phillips 66 (NYSE:PSX), and DIRECTV (NASDAQ:DTV).
Berkshire’s largest investments include some of the most popular blue chips known to Wall Street. Let’s take a look at Berkshire’s top ten holdings, according to dollar value at the end of June. This list does not include Buffett’s option to purchase 700 million shares of Bank of America (NYSE:BAC) at any time prior to September 2021 for $5 billion.