Warren Buffett’s largest stock holdings at Berkshire Hathaway might change more often than you think they do. If you pull up an annual report of Berkshire from 2005, you will see the largest stock investments listed as follows: American Express, Ameriprise Financial, Anheuser-Busch, Coca-Cola, M&T Bank Corporation, Moody’s, Petrochina “H Shares”, Procter & Gamble, Wal-Mart, The Washington Post Company, Wells Fargo & Company, and White Mountain Insurance.
By the time 2013 came around, the reported list of stock holdings contained some familiar faces, but some changes as well: American Express, Coca-Cola, DirecTV, Exxon-Mobil, Goldman Sachs, IBM, Moody’s, Munich Re, Phillips 66, Procter & Gamble, Sanofi, Tesco, U.S. Bancorp, Wal-Mart, and Wells Fargo & Company. I put in bold the names that remained consistent between the 2005 and 2013 list.
What I find worth noting today is the extent to … Read the rest of this article!