Which New Stocks Does Warren Buffett Like?

Warren Buffett being the most notorious investment is always in the middle of attention, especially on the last day of 13F filings round, when his fund, Berkshire Hathaway releases its equity portfolio for the previous quarter. In the latest filing, released today, Berkshire Hathaway disclosed an equity portfolio worth $107.58 billion, which contains 141 positions. While, Mr. Buffett usually does not change much his top holdings, which are represented by Wells Fargo -which is one of the biggest banks in the World-, Coca Cola, and American Express, it is more worth taking a look at the new acquisitions made during the quarter. In this way, during the April-June period, Berkshire added two new holdings, represented by Charter Communications, Inc. (NASDAQ:CHTR) and NOW Inc (NYSE:DNOW). In addition, Mr. Buffett has significantly raised his exposure to another stock, in which he has initiated a stake during the last quarter, Verizon Communications Inc. (NYSE:VZ).

hedge funds vs. mutual funds

Therefore, between the two new holdings, Charter Communications, Inc. (NASDAQ:CHTR) is the largest holding. Berkshire reported ownership of almost 2.31 million shares with a total value of $365.70 million. Charter Communications, Inc. (NASDAQ:CHTR) is a large-cap company engaged in providing cable services in the U.S. The company is showing a stable growth over the past year in terms of stock price. On the financial side, in the second quarter of the year, the company has significantly improved its bottom line, narrowing its net loss to $45 million from $95 million a year earlier, and posted a 7.3% annual increase in revenue to $2.3 billion, mainly caused by the company gaining more customers in both residential and commercial segments. Another investor in Charter Communications, Inc. (NASDAQ:CHTR) is Philippe Laffont, whose fund, Coatue Management, added around 1.35 million shares during the second quarter, currently holding 2.73 million shares.

Another new position in Mr. Buffett’s 13F portfolio, as it was mentioned earlier, is NOW Inc (NYSE:DNOW). However, Berkshire disclosed a small stake in the company, which contains 1.83 million shares with a total value of $66.1 million. It is also important to mention that the investor received the shares following the spin-off of the company from National-Oilwell Varco, Inc. (NYSE:NOV), of which Berkshire holds 7.30 million shares as of the end of June. The spun-off company NOW Inc (NYSE:DNOW) is engaged in the distribution of oil and gas products, operating under two brands: DistributionNOW and Wilson Export.

Another stock that is worth watching, is Verizon Communications Inc. (NYSE:VZ). Berkshire reported a stake in the company as of the end of the first quarter and during the second quarter, the fund further boosted its holding by adding 3.98 million shares. Currently, Mr. Buffett owns through Berkshire around 15 million shares, the total value of the stake amounting to almost $734 million. Verizon Communications Inc. (NYSE:VZ) keeps delivering significant results, reporting double-digit earnings growth for the past several quarters. In the second quarter, the company posted EPS of $0.91 per share, versus $0.73 per share reported a year ago, and even though its stock inched down by 0.28% since the beginning of the year, the stock has started to grow since May, and taking into account Mr. Buffett’s commitment to long-term value creation, Verizon Communications Inc. (NYSE:VZ) might have a potential to grow further in the future.

Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!