Investing

Major Changes Seen in Warren Buffett and Berkshire Hathaway Stock Holdings

Goldman Sachs Group Inc. (NYSE: GS) was a lower stake at 10.959 million shares at the end of September, after having been the same stake of 12.631 million shares.

Graham Holdings Co. (NYSE: GHC) is just the remains of Washington Post and was the same stake at 107,575 shares.

Johnson & Johnson (NYSE: JNJ) was the same tiny stake of only 327,100 shares, but Buffett watchers know this is a leftover bit from a much larger stake in years past.

Kraft Heinz was noted previously in its quarterly balance sheet filing:

Berkshire’s initial investments consisted of 425 million shares of Heinz Holding common stock, warrants, which were exercised in June 2015, to acquire approximately 46 million additional shares of common stock at one cent per share, and cumulative compounding preferred stock with a liquidation preference of $8 billion. The aggregate cost of these investments was $12.25 billion. 3G also acquired 425 million shares of Heinz Holding common stock for $4.25 billion. In addition, Heinz Holding reserved 39.6 million shares of common stock for issuance to its management and directors under equity grants, including stock options.

Lee Enterprises Inc. (NYSE: LEE) was the same tiny stake of only 88,863 shares.

Liberty Media Corp. (NASDAQ: LMCA) appears to be a larger stake. It was listed as 7.8 million class A shares, versus a prior stake of 4 million shares, and the class C shares were larger also at 15.38 million shares.

Liberty Global PLC (NASDAQ: LBTYA) also appears to be a larger stake at 12.474 million class A shares and 7.714 million class C shares at the end of September. This was previously listed as 10.34 million shares of class A and 7.346 million of the class C.

M&T Bank Corp. (NYSE: MTB) was the same position at 5.38 million shares — same as always.

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MasterCard Inc. (NYSE: MA) was the same size stake of 5,229,756 shares.

Media General Inc. (NYSE: MEG) was a lower stake at 3.471 million shares at the end of September, down from what had been a static position of 4.64 million shares.

Mondelez International Inc. (NASDAQ: MDLZ) is the same position again at 578,000 shares, but this remains far lower than in the past.

Moody’s Corp. (NYSE: MCO) was the same position of 24.669 million shares yet again, but this is lower than in years past.

NOW Inc. (NYSE: DNOW) was the same stake of 1.825 million shares.

Procter & Gamble Co. (NYSE: PG) has remained officially the same at 52.8 million shares in the formal 13F report. This is something we expected to be part of the Duracell swap, and P&G also had been lowered in 2012 after a peak of 96.3 million shares.

Restaurant Brands International Inc. (NYSE: QSR) was the same stake at 8.438 million shares at the end of September, after having been a new stake in late 2014. The reality is that this is much larger. The most recent balance sheet data said the following:

On December 12, 2014, we acquired Class A 9% Cumulative Compounding Perpetual Preferred Shares of RBI having a stated value of $3 billion and common stock of RBI for an aggregate cost of $3 billion. RBI, domiciled in Canada, is the ultimate parent company of Burger King and Tim Hortons. As of the acquisition date, our combined investment in RBI possessed approximately 14.4% of the voting interests of RBI. The RBI Preferred is entitled to dividends on a cumulative basis of 9% per annum plus an additional amount that is intended to produce an after-tax yield to Berkshire as if the dividends were paid by a U.S.-based company.

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