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 its  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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!