Finance

Warren Buffett followers just got a rare glimpse into his personal stock portfolio. Here’s what they learned from a new report.


Warren Buffett.Mario Anzoni/Reuters

  • Disciples of Warren Buffett got a rare glimpse into his personal stock portfolio this week.

  • Citing IRS data, ProPublica reported that the investor sold nearly $500 million in stock over 20 years.

  • Buffett’s private holdings reportedly include Wells Fargo, Walmart and Johnson & Johnson.

Warren Buffett followers got a rare glimpse into his personal stock portfolio this week, revealing the famed investor’s Berkshire Hathaway For years, the CEO has considered Wells Fargo, Walmart and Johnson & Johnson to be his privately held companies.

Buffett’s disciples also learned the scale of his personal bets. According to ProPublica, the 93-year-old billionaire sold at least $466 million in stocks between 2000 and 2019, and disposed of government and corporate bonds worth far more during that period. this weekciting leaked data from the U.S. Internal Revenue Service (IRS).

ProPublica Story Blame Buffett Buffett violated his own Berkshire rules, which prohibit employees with inside knowledge of what the company is buying, selling or planning to buy or sell from trading in those securities. Buffett also said that when it comes to his personal investments, he avoids considering potential conflicts of interest in securities that Berkshire focuses on or in its portfolio.

Buffett reportedly sold $20 million in Wells Fargo stock in April 2009, even though he considered the bank one of his largest shareholders at the time, and Berkshire publicly increased its stake the next quarter.

Four months later, in the quarter that solidified Berkshire’s position, he sold $25 million worth of Wal-Mart stock.

Finally, he sold $35 million worth of Johnson & Johnson stock in October 2012, shortly before Berkshire Hathaway announced it had cut its stake in the company.

ProPublica said Buffett did not respond to questions about the deal. Berkshire did not immediately respond to Insider’s request for comment.

Adam Mead, author of “The Complete Financial History of Berkshire Hathaway” Shared a possible explanation for X transaction.

“It feels like Buffett wants to get out of WFC and Walmart so that Berkshire Hathaway can have a stake, but he won’t personally have a seat at the shareholder table,” Meade said. “I think he got out after BRK Johnson & Johnson.” Sold out. I could be wrong. Hope he can clarify this. “

pay bill

Regardless of any wrongdoing, Buffett’s reported sales are noteworthy. The data shows that over the years, he has personally held just three stocks worth at least $80 million.

Considering that Buffett is a long-term investor who doesn’t often sell stocks, and that his bond disposals are much larger in dollar terms, it’s safe to say that his portfolio is worth a few percent of that number, according to ProPublica. times.

The latest details about Buffett’s investment portfolio help explain how he pays his bills.After all, he Only receives a salary of $100,000 from Berkshire Hathaway, with half of the amount repaid to the company annually.

Furthermore, he has never sold any of the more than $100 billion worth of Berkshire stock. Dividends and income from the portfolio could be worth hundreds of millions, if not billions, of dollars, which could help him stay afloat.

The presence of Wells Fargo, Walmart and Johnson & Johnson in Buffett’s portfolio won’t surprise his followers.

Berkshire is a shareholder in Wells Fargo more than 30 years The bank spent most of the year in the top five until 2022.

The company first invested in Johnson & Johnson more than a decade ago and still held stock in the pharmaceutical company as of June.

Buffett’s company also owned Walmart for many years, and the big box retailer was repeatedly cited as one of its biggest bets.

Read the original article business insider





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