Aug 152014

In an SEC 13F filing after the market closed on August 14, Berkshire Hathaway reported many changes to its portfolio during the second quarter of 2014.  There was one new investment, Charter Communications (CHTR), with a stake of 2.3 million shares currently valued at $360 million.  One relatively small position, valued at $60 million, STARZ (STARZA), was eliminated.

Investments were increased in Chicago Bridge & Iron (CBI), General Motors (GM), International Business Machines (IBM), Liberty Global (LBTYA), Suncor Energy (SU), USG Corp. (USG), U.S. Bancorp (USB), VeriSign (VRSN), Verizon Communications (VZ), Visa (V), and Wal-Mart (WMT).

Investments were decreased in ConocoPhillips (COP), DirecTV (DTV), Graham Holdings (GHC), Liberty Media (LMCA), National Oilwell Varco (NOV), Phillips 66 (PSX), and Precision Castparts (PCP).

Berkshire’s 13F filing is available at:

I am quoted in a Bloomberg article on this topic (via Moneynews):

“While Buffett and his deputies continue to add new investments, their stock purchases have slowed this year amid surging equity values. They’ve also sold some holdings. That helped boost Berkshire’s cash hoard to a record $55.5 billion on June 30.”

“For many years, Buffett has had this huge surplus of funds,” said David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business who has taken students to meet the billionaire in Omaha. “He’d be happier if he could find his $20 billion investment.”

The entire article is available at:

Another version of this Bloomberg article (via is available at:



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