Warren Buffett's 1Q09 Portfolio Shake 'N Bake

During the first quarter of 2009, Warren Buffett's insurance holding company, Berkshire Hathaway (BRKA or BRKB), made the below-listed investment CHANGES to its massive $38 Billion stock portfolio. Per financial statements published by the company along with its 1Q09 earnings report, BRKA continues to hold about $26 Billion in CASH on its balance sheet. Since Berkshire owns roughly $96 Billion in total investment assets, Mr. Buffett is sporting a cash position of 27% relative to his total investments portfolio. Lastly, with specific regard to his 1Q09 portfolio activity, it's interesting to note that Mr. Buffett did not feel the need to add any NEW names (new positions) to his equity portfolio during the three month period in which the S+P 500 index declined by 12%.

INCREASED Stakes:

* Burlington Northern (BNI) stake increased 9.5% to 76,777,029 shares from 70,089,829 shares.

* Johnson & Johnson (JNJ) stake increased 13.6% to 32,508,891 shares from 28,611,591 shares.

* Nalco Holding (NLC) stake increased 3.0% to 9,000,000 shares from 8,739,100 shares.

* US Bancorp (USB) stake increased 2.2% to 69,039,426 shares from 67,551,426 shares.

* Union Pacific (UNP) stake increased 7.3% to 9,558,000 shares from 8,906,000 shares.

* Wells Fargo (WFC) stake increased 4.3% to 302,609,212 shares from 290,244,868 shares.

DECREASED Stakes:

* Carmax (KMX) stake decreased 32.0% to 12,000,000 shares from 17,636,500 shares.

* ConocoPhillips (COP) stake decreased 10.8% to 71,228,096 shares from 79,896,273 shares.

* Constellation Energy (CEG) stake decreased 25.5% to 14,828,207 shares as of March 31 from 19,894,322 shares on December 31. The stake has since decreased to 12,476,154 shares as of May 12.

* UnitedHealth Group (UNH) stake decreased 28.6% to 4,500,000 shares from 6,300,000 shares.

http://www.berkshirehathaway.com/qtrly/1stqtr09.pdf

http://www.cnbc.com/id/30766396//


Data Courtesy: Berkshire Hathaway + CNBC
Full Disclosure: I own shares of COP.