Warren Buffett Bets Big on Verizon Communications Inc. (VZ), Liberty Global (LBTYK) & Wal-Mart Stores, Inc. (WMT)

May 15 marked the end of the first round of 13F filings of 2014. Most of the big institutional investors have filed yesterday their 13F filings with the Securities and Exchange Commission revealing their equity portfolios as at the end of March. One of the most notorious investors, Warren Buffet, was also among the filers, with his fund, Berkshire Hathaway disclosing an equity portfolio worth $105.77 billion, up from $104.84 billion held at the end of last year.

Berkshire Hathaway is know for its long-term commitment to its largest investments. That’s why the top largest holdings from Mr. Buffett’s equity portfolio have remained unchanged, being represented by Wells Fargo & Co (NYSE:WFC) (463.46 million shares), The Coca-Cola Company (NYSE:KO) (400 million shares) and American Express Company (NYSE:AXP) (151.61 million shares). However, Mr. Buffett has made some interesting moves during the first three months of the year, adding two positions to Berkshire’s equity portfolio, and raising exposure to several other companies.

hedge funds vs. mutual funds

The largest new position disclosed by Berkshire is a $524.35 million stake in Verizon Communications Inc. (NYSE:VZ). The holding amasses around over 11 million shares. With an almost $199 billion market cap, Verizon is one of the largest company in the industry of Telecommunications services. Interstengly many major investors expressed their interest in Verizon during the first quarter. Managed by Alex Snow, Lansdowne Partners also initiated a stake, which contains 13.48 million shares, worth $641.04 million. Christian Leone‘s Luxor Capital Group and Dan Loeb‘s Third Point disclosed new positions, which contain 4.31 million and 3.50 million shares respectively.

Another new position is represented by Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK). Buffett already held around 2.90 million Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA), and he surged his ownership of Class A shares as well, by around 150%. Now, Berkshire owns approximately 7.35 million  of each  Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) and Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK) shares. Bill Gates, a close friend of Warren Buffett also recently revealed slightly upping his share of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA), currently holding around 10.86 million shares.

Another interesting play that we should mention involves Wal-Mart Stores, Inc. (NYSE:WMT). Berkshire Hathaway upped its stake in the company by around 8.57 million shares, to 58.05 million shares, with a total value of $4.44 billion. Following the increase, Wal-Mart is now the fifth largest holding in Berkshire’s equity portfolio. With a market cap of around $250 billion, Wal-Mart is one of the largest companies among Variety Retailers, and trails a P/E of 15.80, slightly below the industry average of 17.50. Bill and Melinda Gates Foundation Trust is also a shareholder of Wal-Mart, owning some 11.6 million shares, worth $886.82 million as of the end of the first quarter.

Disclosure: none

Recommended Reading:

Four Warren Buffet Picks With Recent Insider Purchases

Berkshire Hathaway Adds 4.93 Mln Shares to Stake in USG Corporation (USG)

NY Times is Dead Wrong About Warren Buffett

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

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

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

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!