Author Topic: Q4 2008 13F  (Read 12037 times)

snailslug

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Q4 2008 13F
« on: February 17, 2009, 01:46:00 PM »
http://www.sec.gov/Archives/edgar/data/1067983/000095013409003064/v51307e13fvhr.txt

sold a lot of JNJ (about $2bn?)

otherwise not a lot of changes other than adding BNI which we already knew
« Last Edit: February 17, 2009, 01:48:54 PM by snailslug »


Parsad

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Re: Q4 2008 13F
« Reply #1 on: February 17, 2009, 01:50:27 PM »
I would expect there is probably at least a couple of positions Buffett is/has bought that are confidential at the moment.  I'm almost certain he has been buying more GE stock and Wells Fargo.  Cheers!
No man is a failure who has friends!

JackRiver

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Re: Q4 2008 13F
« Reply #2 on: February 17, 2009, 02:06:58 PM »
Bang on job by the boobs at CNBC in reporting the COP position.  Can someone else confirm that CNBC got it wrong?

Yours

Jack River

Mungerish

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Re: Q4 2008 13F
« Reply #3 on: February 17, 2009, 02:10:16 PM »
"I would expect there is probably at least a couple of positions Buffett is/has bought that are confidential at the moment.  I'm almost certain he has been buying more GE stock and Wells Fargo.  Cheers!" SP

Sanjeev,
Why do you feel so striongly that he has been buying WFC?
I kow he bought it last summer for his personal account, but I believe he sold it based upon the NYT Op Ed piece
Cheers
Ish

JackRiver

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Re: Q4 2008 13F
« Reply #4 on: February 17, 2009, 02:40:13 PM »
Sorry, I just realized that most of you are probably at work, but after the close CNBC (TV) reported Buffett (Berkshire) as only having 4 million COP shares.  It looks like the girl mixed up the market value in thousands with the share count.  I own a lot of COP at 45 avg cost and am glad to hold it at that price, but I'll admit, she gave me one hell of a scare.

Yours

Jack River

Parsad

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Re: Q4 2008 13F
« Reply #5 on: February 17, 2009, 02:48:04 PM »
Sanjeev,
Why do you feel so striongly that he has been buying WFC?
I kow he bought it last summer for his personal account, but I believe he sold it based upon the NYT Op Ed piece
Cheers
Ish


It's just a no-brainer!  As is GE.  There's two of your twenty life-time punches smacking you in the face right now.  You don't need Buffett, Watsa, Pabrai, or the MPIC Funds.  I haven't had two ideas this cheap since Fairfax was below $100/share, and at that time Fairfax deserved to be cheap.  These are two market leaders that will increase their share for the forseeable future.  They have huge competitive advantages that will not be surpassed over the next decade or two.  Buy it and just put it away!  

In regards to WFC, Berkshire filed an amendment a few minutes ago, so that answers that question...they've added shares, and I'm certain they will add considerably more at these prices, as long as they don't face any restrictions.  Virtually every Berkshire subsidiary pension trust now owns Wells Fargo stock!  

http://www.sec.gov/Archives/edgar/data/72971/000119312509031272/dsc13ga.htm

I bet you will see a filing for GE in the next few months if not sooner.  GE will never be at these prices again in our lifetime!  Absolutely ridiculous!  Cheers!
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Mungerish

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Re: Q4 2008 13F
« Reply #6 on: February 17, 2009, 03:34:15 PM »
Thanks for the update
I was getting a little nervous b/c Whitney Tilson  reminded us at CIMA last Friday that he is short WFC. He considers them "a denier"  ;D

Actually, I own WFC and USB here in the teens so I was hoping to see them buying more.
I also own WSC which has a considerable poistion in WFC based upon holdings

dempster

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Re: Q4 2008 13F
« Reply #7 on: February 17, 2009, 03:39:07 PM »
Changes are as follows for holdings that appear in the Sept and Dec 13F

      31-Dec-08   30-Sep-08   Net Change   % change
American Express      151,610,700   151,610,700   0   
Bank of America      5,000,000   5,000,000   0   
BNI      70,089,829   63,785,418   6,304,411   9.9%
CarMax      17,636,500   18,444,100   -807,600   -4.4%
Coca Cola      200,000,000   200,000,000   0   
Comcast      12,000,000   12,000,000   0   
Comdisco      1,538,377   1,538,377   0   
ConocoPhillips      79,896,273   83,955,800   -4,059,527   -4.8%
Costco      5,254,000   5,254,000   0   
Eaton      3,200,000   2,908,700   291,300   10.0%
Gannett      3,447,600   3,447,600   0   
GE      7,777,900   7,777,900   0   
GlaxoSmithKline      1,510,500   1,510,500   0   
Home Depot      3,700,000   3,700,000   0   
Ingersoll-Rand      7,782,600   5,636,600   2,146,000   38.1%
Iron Mountain      3,372,200   3,372,200   0   
Johnson & Johnson      28,611,591   61,754,448   -33,142,857   -53.7%
Kraft Foods      138,272,500   138,272,500   0   
Loews      6,500,000   6,500,000   0   
M&T Bank      6,715,060   6,715,060   0   
Moody's      48,000,000   48,000,000   0   
NRG      7,200,000   5,000,000   2,200,000   44.0%
Nike      7,641,000   7,641,000   0   
Norfolk Southern      1,933,000   1,933,000   0   
PG      96,316,010   105,847,000   -9,530,990   -9.0%
Sanofi Aventis       3,903,933   3,903,933   0   
Sun Trust      3,204,600   3,204,600   0   
Torchmark      2,823,879   2,823,879   0   
US Bancorp      67,551,426   72,937,126   -5,385,700   -7.4%
USG      17,072,192   17,072,192   0   
Union Pacific      8,906,000   8,906,000   0   
UPS      1,429,200   1,429,200   0   
United Health      6,300,000   6,379,900   -79,900   -1.3%
Wabco      2,700,000   2,700,000   0   
Wal-Mart      19,944,300   19,944,300   0   
Washington Post      1,727,765   1,727,765   0   
Wells Fargo      290,244,868   290,407,668   -162,800   -0.1%
Well Point      4,777,300   4,777,300   0   
Wesco      5,703,087   5,703,087   0   

Mungerish

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Re: Q4 2008 13F
« Reply #8 on: February 17, 2009, 04:15:57 PM »
So what is the difference btwn the WFC 13g/A referenced above and also filed today which lists a total of 314,632,068 shares of Common Stock   and the   290,408,000 in the 13hf?
Warrens personal account?
Difference in filing requirements for pension plans?     

dowfin1

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Re: Q4 2008 13F
« Reply #9 on: February 17, 2009, 05:07:39 PM »
but I believe he sold it based upon the NYT Op Ed piece


What piece is this?  I must have missed it.