Warren Buffett is without a doubt, the most watched investor of our time. From his recent Twitter adventures to his Harley Davidson admission, in which he said “any company that convinces its customers to tattoo its logo on their chest can’t be too bad,” there have been plenty of reasons to pay attention to the Oracle of Omaha lately.
With that being said, Buffett and Berkshire Hathaway Inc. (NYSE:BRK.A)’s latest 13F filing is out, and there are a few notable moves worth discussing. Recall that at the end of 2012, Wells Fargo & Co (NYSE:WFC) overtook The Coca-Cola Company (NYSE:KO) in Buffett’s equity portfolio, and we’ve pointed out before that the investor’s presence is a material boom to Wells Fargo, as Buffett is quite gives it quite the advantage in the financing department (regarding his own deals).
With this in mind, it’s interesting to note that the billionaire money manager was at it again in the first quarter of 2013, upping his stake in Wells Fargo & Co (NYSE:WFC) by a little more than 4%, now worth a total market value of approximately $18 billion, significantly higher than the $15.03 billion position reported at the end of last year.
With this boost comes Buffett’s usual steadiness in The Coca-Cola Company (NYSE:KO), in which the position remained unchanged. Buffett, has, in fact, never sold a share of Coca-Cola, and it’s likely that he never will. Regardless, the soft-drink producer’s stock has been a good investment of late, jumping more than 18% year-to-date.
It’s also worth noting that Buffett’s interest in tech giant International Business Machines Corp. (NYSE:IBM) has risen by literally 0.01%, and unlike Wells Fargo & Co (NYSE:WFC) or The Coca-Cola Company (NYSE:KO), shares of IBM have actually declined in value over the past month, albeit by a few percentage points.
Like the last quarter, the key takeaway from Buffett’s newest 13F filing is his continued confidence in Wells Fargo & Co (NYSE:WFC)’s abilities to navigate a financial sector that’s looking trickier by the day, from a regulatory standpoint. With 8.6% of Wells Fargo’s outstanding shares, Buffett is a force to be reckoned with, and like we said earlier today, he has support from great investors.
To see how Buffett’s positions in Wells Fargo, The Coca-Cola Company (NYSE:KO), International Business Machines Corp. (NYSE:IBM) and the rest of Berkshire Hathaway Inc. (NYSE:BRK.A)’s equity holdings have changed over time, check out our quarter-by-quarter 13F portfolio tracker.