Major Changes to Berkshire Hathaway’s Portfolio in Fourth Quarter 2015
Berkshire Hathaway (BRK.A, BRK.B) released its SEC 13F filing for the fourth quarter ending December 31, 2015 after the market closed today. There were several major changes from the third quarter.
One new stake was established:
(1) $400 million in Kinder Morgan (KMI) (Ted Weschler or Todd Combs)
There was an increase in the following:
(1) $450 million in Deere (DE) (Total Stake = $1.7 billion) (Warren Buffett or Ted Weschler or Todd Combs)
(2) $450 million in Wells Fargo (WFC) (Total Stake = $26.1 billion) (Warren Buffett)
There was a decrease in the following:
(1) $450 million in AT&T (T) (Total Stake = $1.6 billion) (Todd Combs or Ted Weschler)
There were also smaller increases in Axalta (AXTA) (Total Stake = $600 million) and Liberty Global (LBTYA) (Total Stake = $500 million), and a small decrease in Wabco (WBC) (Total Stake = $350 million). A small position in Chicago Bridge & Iron (CBI) ($80 million) was eliminated.
After having sought confidential treatment in the first quarter of 2012 with the acquisition of 1.6 million shares of Lee Enterprises, Berkshire sold it’s last 88,000 shares of Lee in 4Q 2015. Lee Enterprises had been one of only four companies that Berkshire sought confidential treatment for since doing so with IBM purchases in 2011.