The new Buffett holdings are below.

American Express Co. (NYSE: AXP) was roughly 151.6 million shares, SAME AS last quarter.

Bank of New York Mellon Corp. (NYSE: BK) was almost 19 million shares, which appears to be slightly lower but it had been raised before. What matters here is that it remains a substantial holding still.

Chicago Bridge & Iron Co. (NYSE: CBI) was a NEW POSITION at just over 6.5 million shares worth over $400 million.

Coca-Cola Co. (NYSE: KO) was more than 400 million shares due to the stock split of 2012, but this is virtually the SAME AS BEFORE.

ConocoPhillips (NYSE: COP) is the SAME POSITION at 24.1 million shares, but this is lower than in prior quarters.

Costco Wholesale Corp. (NASDAQ: COST) was the SAME POSITION at 4,333,363 shares.

DaVita Inc. (NYSE: DVA) was a LARGER POSITION and already more than a 10% stake and we recently saw that Berkshire Hathaway had entered into a standstill agreement not to buy more than 25% of the company after already having increased its stake recently. This was listed as 14.97 million shares as of March 31 versus 13.6 million shares before.

Deere & Co. (NYSE: DE) was the SAME POSITION at roughly 4 million shares.

DirecTV (NASDAQ: DTV) was HIGHER YET AGAIN at 37.275 million shares versus almost 34 million shares and that was also higher than before.

Gannett Co. (NYSE: GCI) was the SAME POSITION of 1.74 million shares.

General Electric Corp. (NYSE: GE) is listed as the SAME POSITION at 588,900 shares, but this is still way down from prior reports.

General Motors Co. (NYSE: GM) is the SAME POSITION at 25 million shares, but this was previously up from smaller positions.

GlaxoSmithKline (NYSE: GSK) is the SAME POSITION at 1.51 million shares.

Banco Santender (NYSE: SAN) was cut to Sell from an already cautious Neutral rating at Citigroup.

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) was also cut to Sell from Neutral at Citigroup.

BroadSoft Inc. (NASDAQ: BSFT) was initiated with a Hold rating at Deutsche Bank.

Corcept Therapeutics Inc. (NASDAQ: CORT) was cut to Neutral from Outperform at Piper Jaffray.

Eldorado Gold Corp. (NYSE: EGO) was cut to Sector Perform from Outperform at RBC Capital Markets.

Excelon Corp. (NYSE: EXC) was cut to Neutral from Buy at ISI Group.

Heartware International Inc. (NASDAQ: HTWR) was cut to Neutral from Outperform at Credit Suisse.

Moody’s Corp. (NYSE: MCO) was cut to  Outperform from Strong Buy at Raymond James.

PACCAR Inc. (NASDAQ: PCAR) was cut to Neutral from Buy at Bank of America/Merrill Lynch.

Pan American Silver Corp. (NASDAQ: PAAS) was named Bear of the Day at Zacks Investment Research.

Weatherford International Ltd. (NYSE: WFT) was cut to Neutral from Strong Buy at ISI Group.

See also: Top Analyst Upgrades and Positive Calls This Monday

The conglomerate is set to report earnings on Friday ahead of the annual meeting, but earnings do not really matter here. Mr. Buffett has said over and over that Berkshire Hathaway could make its earnings magically go up or down based upon purchase or sale transactions. He maintains over and over that the book value per share is what really matters here. As always, Berkshire Hathaway Inc. (NYSE: BRK-B) and Warren Buffett’s latest full stock holdings can be tracked here.

These are the portfolio changes that 24/7 Wall St. believes Mr. Buffett and portfolio managers Todd Combs and Ted Weschler have made ahead of the annual meeting.

Archer Daniels Midland Co. (NYSE: ADM) was a new position at the last report and with Buffett giving more investing money of about $1 billion to Ted Weschler and Todd Coombs lately, our bet is that this position has been added to. ADM was a new position of 5.95 million shares worth some $163.1 million as of the end of 2012.

DaVita Inc. (NYSE: DVA) was already more than a 10% stake and the firm keeps raising its stake. Frankly, we would not be shocked if this company was just acquired outright down the road by Berkshire Hathaway.

DirecTV (NASDAQ: DTV) has been added to and we see no reason that the latest stake of almost 34 million shares would not be added to yet again. The satellite TV provider is up 16% year to date, just hit a new high on Friday and is up by close to 4% since the end of the first quarter.

General Motors Co. (NYSE: GM) has been added to before. It is possible that Buffett is adding to the stake here, although he would likely want to buy these at a discount in the government offering of “Government Motors” stock rather than in the open market.

International Business Machines Corp. (NYSE: IBM) is going to likely keep growing for Berkshire Hathaway as the company keeps buying back stock and recently raised its dividend. Warren Buffett told CNBC, “I won’t be a seller of IBM.” This was over 68 million shares last quarter for a 6.03% stake, and our bet is that Buffett added a bit to it after the stock went on sale after a poor earnings report.

Johnson & Johnson (NYSE: JNJ) is likely to be void entirely now in the Berkshire Hathaway stock portfolio. This was a mere 327,100 shares last time and has shrunk through time. The stake is so small that it was likely just not exited right before the end of the last quarter.

Moody’s Corp. (NYSE: MCO) has been confirmed that the stock holding is shrinking here. Berkshire Hathaway recently sold off about 1.7 million shares of . The position is very profitable for the conglomerate despite the woes of the past for the ratings agency. Buffett’s stake is still over 26 million shares.

Precision Castparts Corp. (NYSE: PCP) was a larger stake last quarter at roughly 2 million shares versus being a new position of 1.25 million shares in the prior quarter. If the new portfolio managers have new funds, they may have added to this even the stock has been range-bound so far in 2013.

Berkshire Hathaway keeps adding over and over to its position of Wells Fargo & Co. (NYSE: WFC) and we expect that to have continued in the first quarter. What is perhaps more interesting is that Bloomberg showed a video with Warren Buffett praising J.P. Morgan Chase & Co. (NYSE: JPM) and CEO Jamie Dimon. Buffett told Bloomberg that he is in full 100% support of Jamie Dimon and his dual role as CEo and Chairman.

Best Buy Co. Inc. (NYSE: BBY) will dump its Europe presence via selling its stake in Carphone. (Reuters)

Trading profits help UBS A.G.’s (NYSE: UBS) first-quarter numbers. (Reuters)

EBay Inc.’s (NASDAQ: EBAY) PayPal is unable to get Wal-Mart Stores Inc. (NYSE: WMT) to be a client. (Reuters)

Eastman Kodak to give its camera film business to U.K. pensions to cover its obligations to them. (WSJ)

Deutsche Bank A.G. (NYSE: DB) will raise $3.65 billion in new capital. (WSJ)

Nielsen Holdings N.V. (NYSE: NLSN) to start to research online TV viewership. (WSJ)

Chrysler profits fall by two-thirds on falling sales and work to introduce new models. (WSJ)

After a board and investor battle, Occidental Petroleum Corp. (NYSE: OXY) will keep CEO Steve Chazen through 2014. (WSJ)

S&P, Moody’s Corp. (NYSE: MCO) and Morgan Stanley (NYSE: MS) agree to a $225 million settlement about misstating the value of certain mortgage instruments. (WSJ)

Corn prices rise 6.2% on fear that planting in the Midwest could be delayed or cancelled. (WSJ)

A sharp drop in sales in Volkwagen’s core market — Europe — damages its fortunes. (NYT)

BP PLC’s (NYSE: BP) earnings forecast exceeds Wall Street estimates. (FT)

A research firm says the Samsung Galaxy S4 breaks more easily than the Apple Inc. (NASDAQ: AAPL) iPhone 5. (Bloomberg)

Tech upgrades of telecom infrastructure in Europe could force 300,000 workers out of jobs. (Bloomberg)

These are some of this Monday’s top analyst upgrades, downgrades and initiations seen from select Wall St. research calls.

Johnson & Johnson (NYSE: JNJ) cut to Neutral from Overweight on valuation at J.P. Morgan.

Juniper Networks Inc. (NYSE: JNPR) raised to Buy with $22 target at Argus.

L-3 Communications Inc. (NYSE: LLL) cut to Underweight from Neutral at J.P. Morgan.

Moody’s Corp. (NYSE: MCO) named Bull of the Day at Zacks.

Northrup Grumman Corp. (NYSE: NOC) raised to Neutral from Underweight at J.P. Morgan.

Public Service Enterprise Group Inc. (NYSE: PEG) cut to Hold at Argus.

Rubicon Technology Inc. (NASDAQ: RBCN) raised to Buy with $12 target at Stern Agee.

Read Also: Analysts Project 50% to 100% Upside in These 19 Stocks

SAP A.G. (NYSE: SAP) added to European Focus List and raised target by more than 6% in ordinary shares at Credit Suisse.

Silver Spring Networks (NYSE: SSNI) initiated in new coverage as quiet period ends: Outperform with $26 target at Credit Suisse, Outperform with $22 target at Baird, Neutral at Goldman Sachs and Neutral at Piper Jaffray.

The Children’s Place Retail Stores Inc. (NASDAQ: PLCE) named as Bear of the Day at Zacks.

Tile Shop Holdings Inc. (NASDAQ: TTS) started as Outperform with $26 target at Credit Suisse.

Vail Resorts Inc. (NYSE: MTN) cut to Neutral at Credit Suisse.

Vale S.A. (NYSE: VALE) raised to Buy from Hold with $21 price target at Canaccord Genuity.

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) started as Hold at Canaccord Genuity.

Deutsche Bank also provided its list of stocks to buy now, even if you have missed the bull market so far.

Here are the nine most promising big turnarounds of 2013.

• Berkshire A-shares at 149,240.00, up 11.32%
• DJIA 13,973.39, up 6.63%
• S&P 500 1,521.38, up 6.67%

One thing we noticed when we first looked at the holdings leading his portfolio value higher was that Buffett’s portfolio has many stocks that are still attractive. It also has many old legacy positions that the investment team should sell out of. 24/7 Wall St. screened the dozens of holdings listed to identify the dogs in the portfolio or the positions that are too small to even matter now. This is a list of stocks that Warren Buffett and Team Berkshire should sell now.

These are not ranked in any order at all, other than how they are listed alphabetically on our full list of the Berkshire Hathaway holdings. The implied upside (when noted) is based on the Thomson Reuters consensus price target. Buffett is considered to be a value investor who buys great companies that he thinks he can hold forever. The new portfolio managers are Todd Combs and Ted Weschler, and they do not necessarily hold the same forever timeline. Some of these “stocks to sell now” are from the new managers, while others were picked by Buffett himself and have been on the books for years.

Read Also: Berkshire Hathaway’s Full Stock Portfolio for 2013

The first one that Buffett should sell is none other than General Electric Corp. (NYSE: GE). While this is our Top Conglomerate Pick for 2013, the GE stake is just too small to matter at Berkshire Hathaway. The company only owns 588,900 shares, and that was way down from prior quarters. If Buffett does not want to sell then maybe he should add to the position again. Some of this may be left from when it had the huge preferred stake, but a position worth $14 million is just too small for Berkshire Hathaway to mess around with. GE now yields about 3.2% after hitting a new multiyear high.

Johnson & Johnson (NYSE: JNJ) was a lower position yet again, at only 327,100 shares. This used to be a large holding for Berkshire, with millions and millions of shares. The company has been selling shares as is, but it needs to just clear out of the position. This is worth almost $25 million today, and that is just not worth the effort. One thing that may be keeping Buffett interested is that Johnson & Johnson still yields 3.2%.

Lee Enterprises Inc. (NYSE: LEE) was lowered before, and it was lowered again. What is amazing is that this is down to only 88,863 shares. That is hardly worth mentioning, with a value of almost $130,000. This is a position that Buffett has tried to keep confidential, and it ties into his current local media and newspaper ownership.

Team Buffett owns both MasterCard Inc. (NYSE: MA) and Visa Inc. (NYSE: V). While we can appreciate them wanting to participate on the “credit card toll road” trade, the historic aim of Buffett to make a big bet and to gain influence as a “partner” just does not apply when you own both. To top it off, Berkshire Hathaway owns more than $9 billion worth of American Express Co. (NYSE: AXP) and has had that position for years and years. The Visa stake is worth more than $240 million today, and the MasterCard stake is worth about $211 million. Both have low dividends of less than 1%, and the implied upside to the consensus analyst targets is 10.3% for MasterCard and 10.8% for Visa. We will leave it up to Buffett’s two new portfolio managers to decide which one is better, but they ought to sell one and make a larger bet on the other. Both have very large market caps, and Berkshire Hathaway can easily do much more than a $200 million position.

Another almost split decision is between Kraft Foods Group Inc. (NASDAQ: KRFT) and Mondelez International Inc. (NASDAQ: MDLZ). The latter is a position due to the spinoff from the former Kraft Foods, and Buffett already had sold shares of Kraft. With the Kraft stake being worth only worth $79 million, and with Mondelez being worth some $341 million as of now, the decision looks simple. It is time to get out of the old Kraft position. Buffett had been a seller on it anyhow. The only problem is that Kraft still yields more than 4%, against about 1.9% for Mondelez. That being said, Buffett has enough exposure to food now through the H.J. Heinz Co. (NYSE: HNZ) preferred deal.

Moody’s Corp. (NYSE: MCO) is another position that we just don’t get. What happened to “avoid companies you do not understand” as part of the Buffett investing strategy? This was listed as 28.4 million shares, worth more than $1.4 billion at the end of 2012. This position was the same as the prior quarter, but it was way down from earlier quarters and years. The most recent government suit against S&P highlights that the ratings agencies still have a lot of risk. Buffett rode this one all the way down and back up during and after the recession, but just recently Bloomberg pointed out that Buffett might have lost close to $300 million in value on this of late. Moody’s remains a position that we consider as being a “legacy position.” We would bet serious money that neither Todd Combs nor Ted Weschler would commit new capital to this position if this was being evaluated as a new “buy, sell or hold” without knowledge that Buffett has stayed in this for years and years. The 1.7% dividend yield is also not enough to entice the team to stay in Moody’s.

United Parcel Service Inc. (NYSE: UPS) is another one we just don’t get. Team Buffett kept the same stake of only 59,400 shares, worth less than $5 million at the end of 2012. They already had trimmed this from a 2012 peak of almost 1.43 million shares, and this hardly seems worth the Berkshire Hathaway effort. We really do not see anything wrong with the position as it hit a new 52-week high on Friday, and the analysts still have an implied upside of about 6.5% on UPS. The 2.8% dividend is also attractive. Our take is that Todd Combs or Ted Weschler simply forgot to sell out of the rest of this position.

Verisk Analytics Inc. (NASDAQ: VRSK) is a position taken on by the new managers in the portfolio. The team already lightened up even starting a year ago. The company made good gains here on a percentage basis, but it seems that the easy money has been made here, since shares have doubled from the late-2009 initial public offering. The market capitalization is up over $9 billion now, and at some point this company is going to have to find serious new markets with entirely different analytical products to drive value. The consensus analyst target only implies only 1.4% upside to the $55.55 target, but the peak analyst target implies closer to 15% upside ($63 is high target, versus $54.75 today). At almost 30 times trailing earnings and at almost 24 times forward earnings, this analytics outfit is going to have to get its growth from monitoring health care fraud to drive future growth. Verisk also pays no dividend now. Even if upside to the $9 billion market cap can be gained, it sure looks like the easy money trade has been made here.

The Washington Post Co. (NYSE: WPO) stake of about 1.72 million shares is currently worth about $710 million. This is a long-standing Buffett position and may be strategic, considering the media and papers that Buffett has gotten Berkshire Hathaway into. The problem here is that we are about as certain as we can be Todd Combs and Ted Weschler would both give the thumbs-down verdict on this position if they were evaluating it as a fresh “buy, sell, or hold” position with new money, if they did not know the Buffett history here. Buffett already left the board of directors here, and he promised to hold on to Washington Post shares for the long haul. That is fine, but Buffett’s successors are very likely to try to figure out how to get out of this position. The 2.4% dividend yield will not be enough to sway them. As a caveat, we cannot help but notice that Washington Post shares just hit their highest level since mid-2011. We also cannot help but notice that this is worth only about 40% of its peak value before 2005.

Moody’s had initiated its review in September following McGraw-Hill’s announcement that it was selling its education division to Apollo Global Management LLC (NYSE: APO) for $2.5 billion.

But wait, there’s more. It is not just that Moody’s thinks that the sale of McGraw-Hill’s education division is a bad idea:

[McGraw-Hill also faces] heightened litigation risks in light of the recent civil lawsuits filed against McGraw-Hill and its subsidiary Standard & Poor’s Financial Services LLC (S&P) by the Department of Justice (DOJ) and various state attorneys general.

S&P’s defense against the DOJ charges is essentially, “Everybody was doing it.” That would include Moody’s of course. So far the Justice Department has taken no action against Moody’s or Fitch, but if, as S&P claims, everyone was rating mortgage-backed securities stuffed with subprime loans as golden, then it would seem that the DOJ would have figured that out already, and it is just a matter of time before enforcement actions are leveled against the other agencies.

And if everyone wasn’t doing it, as S&P claims, well that would be novel, to say the least.

McGraw-Hill’s shares are down about 0.3% in premarket trading this morning, at $44.86 in a 52-week range of $42.02 to $58.62.

Portfolio managers Todd Combs and Ted Weschler are getting even more entrenched as far as their ability to add to positions. The new Buffett holdings are below.   American Express Co. (NYSE: AXP) was roughly 151.6 million shares, SAME AS last quarter.

Archer Daniels Midland Co. (NYSE: ADM) was listed as a NEW POSITION of 5.95 million shares worth some $163.1 million as of the end of 2012.

Bank of New York Mellon Corp. (NYSE: BK) appears to be the SAME SIZE at over 19.6 million shares, but that is after gains had been reported in prior quarters.

Coca-Cola Co. (NYSE: KO) was more than 400 million shares due to the stock split of 2012, but this is virtually the SAME AS BEFORE.

ConocoPhillips (NYSE: COP) is the SAME AS BEFORE at 24.1 million shares, but this is lower than in prior quarters.

Costco Wholesale Corp. (NASDAQ: COST) was 4,333,363 shares, SAME AS last quarter.

READ ALSO: GE is the Best Conglomerate for Investors in 2013

DaVita Inc. (NYSE: DVA) was already more than a 10% stake, but a new filing shows that Buffett and various entities own a collective 13.6 million shares for a 13.0% stake. This position has grown and grown and is a LARGER STAKE. This stock has risen and risen while Buffett kept adding the position.

Deere & Co. (NYSE: DE) was the SAME AS LAST QUARTER at roughly 4 million shares, but this was previously a new position.

DirecTV (NASDAQ: DTV) is a LARGER POSITION AGAIN at almost 34 million shares versus 29.555 million shares before that and it had grown another quarter before as well.

Gannett Co. (NYSE: GCI) was 1.74 million, SAME AS BEFORE but decreased in prior quarters.

General Dynamics Corp. (NYSE: GD) is the SAME AS BEFORE at 3.877 million shares.

General Electric Corp. (NYSE: GE) is listed as THE SAME 588,900 shares, but this is still way down from the 5.008 million shares and 7.777 million shares the two prior quarter.

Now, consider how that might apply to the ratings agencies like Moody’s Corp. (NYSE: MCO) or The McGraw-Hill Companies’ (NYSE: MHP) Standard & Poor’s or Fitch Ratings. Under their current modus operandi the agencies are paid by the bond issuers for ratings. We all know how that worked out, and S&P now faces a federal investigation related to its ratings of mortgage-backed securities prior to the real estate meltdown of 2007.

The logical thing would be for the ratings users to pay for those bond ratings, but the trick would be how to control the way the data gets disseminated. After all, if a brokerage pays for something, it would want to own it. And the bond brokers wouldn’t want to be saddled with bad ratings either because they couldn’t sell dicey bonds to savvy investors. Corporate bond issuers would hate this too.

How about having the federal government pay? Certainly the cost wouldn’t be nearly as high as the cost of propping up and bailing out the financial system. But, realistically, the philosophical and political issues with having the government pay for bond ratings has virtually no chance of gaining any traction.

The ratings system we’ve got — including the threat of federal prosecution — might be the best we can get. But do you really think Moody’s or S&P or Fitch is as trustworthy as Angie’s List? Really?

The U.S. dollar index rose 0.09% today, now at 80.264. The GSCI commodity index is down about 0.3% at 674.01, with commodities prices mixed today. WTI crude oil closed down 0.1% today, at $95.72 a barrel, and post a drop of 2.1% for the week. Brent crude trades up 1.5% at $118.79 a barrel, opening spread of $22 between WTI and Brent prices. Natural gas is down 0.3% today at about $3.28 per million BTUs. Gold settled down 0.3% today at $1,666.90 an ounce, finishing the week down 0.2%.

The unofficial closing bells put the DJIA up about 48 points to 13,992.13 (0.34%), the NASDAQ rose nearly 29 points (0.91%) to 3,193.87, and the S&P 500 rose 0.56% or more than 8 points to 1,517.88.

There were a several analyst upgrades and downgrades today, including The Walt Disney Co. (NYSE: DIS) reiterated as ‘buy’ and price target raised to $65 at Argus; Credit Suisse Group (NYSE: CS) cut to ‘hold’ at Deutsche Bank; ARM Holdings plc (NASDAQ: ARMH) raised to ‘outperform’ at Credit Suisse; Biogen Idec Inc. (NASDAQ: BIIB) raised to ‘buy’ with a target price of $167 at Citigroup; and Discover Financial Services (NYSE: DFS) raised to ‘outperform’ and target price raised to $47 at Credit Suisse.

Earnings reports since markets closed last night resulted in several price moves today, including these: Activision Blizzard Inc. (NASDAQ: ATVI) is up 11.3% at $13.42 after posting a new 52-week high of $13.94 earlier today; Coinstar Inc. (NASDAQ: CSTR) is down 6.8% at $48.54 (more coverage here); LinkedIn Corp. (NYSE: LNKD) is up 21.7% at $151.05, a new all-time high (more coverage here); Riverbed Technology Inc. (NASDAQ: RVBD) is down 18% at $16.48; SunPower Corp. (NASDAQ: SPWR) is down 6.1% at $7.89 (more coverage here); AOL Inc. (NYSE: AOL) is up 7.8% at $33.86 (more coverage here); Apollo Global Management LLC (NYSE: APO) is up 3.3% at $22.88 after posting a new 52-week high of $23.88 earlier today; and Moody’s Corp. (NYSE: MCO) is down 8.6% at $42.97 (more coverage here).

After markets close today and before they open Monday morning we are scheduled to hear from Cameco Corp. (NYSE: CCJ), Loews Corp. (NYSE: L), Nordic American Tankder Ltd. (NYSE: NAT), and Wausau Paper Corp. (NYSE: WPP).

Some standouts from today include the following stocks:

Zynga Inc. (NASDAQ: ZNGA) is up 12.3% at $3.47. The social game company continues to rise after pounding estimates earlier this week. The key for long-term growth remains Internet gambling, and that might be getting a bit closer.

Oncolytics Biotech Inc. (NASDAQ: ONCY) is up 21.9% at $4.35. The Canada-based biotech firm got a positive result in a Phase II study of its lung cancer drug. More coverage here.

Ceasars Entertainment Corp. (NASDAQ: CZR) is up 38.4% at $13.94. The casino operator will get a significant share price boost if New Jersey approves online gambling. The governor vetoed an online gambling bill today, but asked for changes that would be acceptable to him.

Stay tuned for Monday. We have also noted the following events on the schedule (all times Eastern):

• 11:30 a.m. – 3- and 6-month Treasury bill auctions

Have a great weekend!