3Q09波克夏加碼沃爾瑪9成

From: mikeon
Sent: Tuesday, November 17, 2009 2:45 PM

3Q09波克夏加碼WMT、雀巢、XOM、TRV、RSG、WFC
都是高ROE+低盈再率的公司，買的價格也算合理












































「St. Paul Travelers is a leading provider of commercial property-liability insurance and asset management services. Under the Travelers brand, the company is also a leading underwriter of homeowners and auto insurance through independent agents.」...Quote 123

















「Republic Services, Inc., 公司是一個領先的國内無危害固體垃圾行業的服務提供商。通過他們的收集公司，他們為商業，工業，市政和住宅客戶提供無危害固體垃圾的收集服務。他們也擁有或經營中轉站和固體垃圾填埋場。」...Quote 123

Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer

In what appears to be a bet consumers will stick with discount retailers even after the economy rebounds, Warren Buffett's Berkshire Hathaway increased its Wal-Mart holdings by almost 90 percent during the summer.

It added almost 18 million shares, currently worth almost $1 billion, in the third quarter.

An SEC filing detailing Berkshire's stock holdings as of September 30 shows its Wal-Mart [WMT 53.16 -0.04 (-0.08%) ] stake going to 37.84 million shares, up from 19.9 million shares as of June 30.

At today's closing price of $53.56, Berkshire's Wal-Mart stake is worth just over $2 billion. That's less than one percent of Wal-Mart's total market value of about $205 billion.

Berkshire's filing also reveals a new stake of 3.4 million shares in the ADRs of Nestle. [NSRGY 47.51 0.54 (+1.15%) ] It's valued at $161 million as of today's close.

Berkshire also added a new, relatively small stake, in ExxonMobil [XOM 74.43 1.96 (+2.7%) ]. It held almost 1.3 million shares, currently worth about $95 million, as of September 30. A smaller stake of 854,490 shares as of June 30 was also revealed in a separate filing today. It was not included three months ago in Berkshire's original filing for the second quarter.

That filing, like today's, said some "confidential information has been omitted" from the public report, but had been "filed separately" with the SEC.

Among the other changes:

Small stake in Travelers [TRV 52.94 -0.34 (-0.64%) ] added: 27-thousand shares worth about $1.5 million.

Small stake in the solid waste disposal company Republic Services [RSG 27.97 0.45 (+1.64%) ] added: 3.6 million shares worth about $96 million.

Wells Fargo [WFC 28.21 0.53 (+1.91%) ] holdings up 3.6 percent to 313.36 million shares.

ConocoPhillips [COP 53.84 1.01 (+1.91%) ] stake decreased by roughly 7 million shares during the third quarter.

NRG Energy [NRG 24.29 0.49 (+2.06%) ] holdings decreased almost 17 percent to 6 million shares.

SunTrust Banks [STI 20.91 0.84 (+4.19%) ] stake trimmed by just under 4 percent to 3.08 million shares.

Slight decrease in Wellpoint [WLP 52.86 0.45 (+0.86%) ] holdings to just under 3.4 million shares.

Wabco Holding [WBC 24.99 --- UNCH (0) ] stake of 2.7 million shares and Eaton [ETN 65.99 1.46 (+2.26%) ] stake of 2 million shares eliminated.

The total market value of Berkshire's U.S. stock portfolio increased to $56.55 billion as of September 30. That's 15.5 percent higher than June 30's $48.95 billion.

The portfolio is valued at almost $60.7 billion based on today's closing prices, excluding the stakes in Norfolk Southern and Union Pacific that Buffett says have been sold to "facilitate" Berkshire's planned acquisition of Burlington Northern Santa Fe. That deal was announced on November 3.