Is Todd Combs Smarter Than Warren Buffett?

Warren Buffett has said that if a position is small, it is probably picked by Todd Combs. If the transaction is large, it is probably he who is behind the trade. During the second quarter Berkshire Hathaway increased its stake in ConocoPhillips by 27%. Berkshire had nearly $2.8 Billion in COP at the end of June. This means Buffett spent nearly $600 Million on COP during the second quarter. Buffett increased his stake in Wells Fargo by 3% during the second quarter as well. Three percent may seem like a small number but the transaction size was around $300 Million. Finally Buffett sold 5% of his stake in Kraft Foods (KFT).

hedge fund research

Berkshire increased itsĀ  stake in Mastercard (MA) by 88% during the second quarter. That transaction is about $60 Million and probably Todd Combs is behind it. We think Combs initiated two brand new positions that are less than $75 Million in value as well. Combs had $73 Million in Verisk Analytics (VRSK) and $51 Million in Dollar General (DG).

Who did better, Todd Combs or Warren Buffett?

COP lost 9.45% since the end of June and Wells Fargo lost 10%. Both stocks underperformed S&P 500′s 8.6% loss. Kraft was one of best performing stocks in Buffett’s portfolio, losing only 2%. Unfortunately Buffett sold Kraft. So Buffett was on the wrong side in all of his three transactions.

Mastercard returned 11% since the end of June and it was the best performing stock in Berkshire’s portfolio. Verisk lost 7% and Dollar General lost 5%, but both stocks outperformed the SPY. So Combs was right on all of his three transactions.

Six weeks is a short time period to arrive at any definite conclusion but so far it seems like Todd Combs doesn’t carry a lot of baggage from the past and his picks are better than Buffett’s.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!