New directions A couple of stocks Buffett and Berkshire were buying in the fourth quarter are Archer Daniels Midland Company (NYSE:ADM) and Verisign, Inc. (NASDAQ:VRSN), though both positions comprise less than 0.5% of their 13F portfolio. Archer Daniels is a mammoth player in the commodity-processing marketplace, and Buffett did tell Bloomberg that it was the “kind of company we look at” back in 2011. Trading at a 13% discount to its three-year highs, ADM is still cheap by most metrics, and a dividend yield above 2% offers solid income as well. Verisign, by comparison, does not offer a dividend payout, though it has a bit more growth potential than ADM. The company is a solid Internet infrastructure play for Buffett and his investment team, and S&P holds a positive outlook on this space for the time being. Verisign’s shares aren’t especially inexpensive at the moment, but the Street does expect bottom line growth of 12%-13% over the next half-decade. Click here to learn more about Insider Monkey's Hedge Fund Newsletter Insider Monkey's small-cap strategy returned 25.4% between September 2012 and January 2013 versus 7.4% for the S&P 500 index. Try it now by clicking the link above. Disclosure: none