Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

National-Oilwell Varco, Inc. (NOV) and Verisign, Inc. (VRSN): Buffett Moves

Among holdings in which Berkshire Hathaway increased its stake were NationalOilwell Varco, Inc. (NYSE:NOV) and Verisign, Inc. (NASDAQ:VRSN). National-Oilwell Varco, Inc. (NYSE:NOV) has been a strong performer, averaging stock growth of 19% annually over the past decade. But it hiccupped in its last report, posting a dip in revenue, and its stock took a hit. Still, there’s much to like about the company, such as its record backlog of nearly $13 billion, and its 60% market share as a supplier of rig equipment. Interestingly, analysts at Zacks downgraded the stock to Strong Sell, based on factors such as shrinking margins and growing competition.

Verisign, Inc. (NASDAQ:VRSN), meanwhile, focuses on Internet infrastructure, and is likely a choice of one of Buffett’s investing lieutenants. Its last earnings report topped expectations, with revenue growing 15% year over year, and earnings per share (EPS) by 38%. Its registry services added about 2 million net new domain names, ending the quarter with 123 million .com and .net names, up 5.5% over year-ago levels.

Berkshire Hathaway reduced its stake in Kraft Foods Group Inc (NASDAQ:KRFT) spin-off Mondelez International Inc (NASDAQ:MDLZ). There’s speculation that the company might merge with PepsiCo, Inc. (NYSE:PEP), but regardless, it’s positioned to profit from faster growth rates in developing economies. It’s not without risks, though, such as strength in private brands. (The company’s silly name is made up, by the way.)

Finally, Berkshire Hathaway closed out its positions in General Dynamics Corporation (NYSE:GD) and Archer Daniels Midland Company (NYSE:ADM). Archer Daniels Midland Company (NYSE:ADM) has been pressured by droughts, but it has remained a solid dividend payer and recently traded near a 52-week high. Its latest quarter featured revenue slightly up, but earnings down. The company is looking to expand in Asia via a purchase of GrainCorp Ltd (ASX:GNC), Australia’s leading agribusiness concern. (Dry weather has been putting pressure on GrainCorp Ltd (ASX:GNC)’s grain production, as well.)

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. Therefore, 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What Warren Buffett Has Been Buying and Selling originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitterowns shares of Berkshire Hathaway and PepsiCo. The Motley Fool recommends Berkshire Hathaway, National Oilwell Varco, and PepsiCo. The Motley Fool owns shares of Berkshire Hathaway, General Dynamics, National Oilwell Varco, and PepsiCo.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
This is a FREE report from Insider Monkey. Credit Card is NOT required.