Warren Buffett's Current Stock Portfolio

Here is the latest quarterly filing of billionaire investor Warren Buffett's Berkshire Hathaway Inc. ended Mar 31, submitted May 14, 2009.

Here's a comparison of stock shares quarter to quarter:

American Express Co. (AXP, no change)
Dec 31: 151,610,700(value: $2.8 billion)
Mar 31: 151,610,700(value: $2 billion)

Bank of America Corp. (BAC, no change)
June 30: 9,100,000 (value: $217 million)
Sept 30: 5,000,000 (value: $175 million)
Mar 31: 5,000,000 (value: $34 million)

Worst stock pick ever by Lou Simpson.

Burlington Northern Santa Fe (BNI, increased)
June 30: 63,785,418 (value: $6.3 billion)
Sept 30: 63,785,418 (value: $5.8 billion)
Dec 31: 70,089,829 (value: $5.3 billion)
Mar 31: 76,777,029 (value: $4.6 billion, possible buy price range: $51 - $79)

Carmax Inc. (KMX, reduced)
June 30: 21,300,000 (value: $302 million)
Sept 30: 18,444,100 (value $258 million)
Dec 31: 17,636,500 (value: $138 million)
Mar 31: 12,000,000 (value: $149 million)

Coca Cola (KO, no change)
Dec 31: 200,000,000 (value: $9 billion)
Mar 31: 200,000,000 (value: $8.7 billion)

Comcast Corp CLA (no change)
Sept 30: 12,000,000 (value: $236 million)
Mar 31: 12,000,000 (value:$154 million)

Comdisco Holding Co. (no change)
Sept 30: 1,538,377 (value: $14 million)
Mar 31: 1,538,377 (value: $10 million)

ConocoPhillips (reduced)
Sept 30: 83,955,800 (value: $6.15 billion)
Dec 31: 79,896,273 (value: $4.1 billion)
Mar 31: 71,228,096 (value: $2.7 billion)

Constellation Energy (CEG, reduced)
Dec 31: 19,897,322 (value: $499 million)
Mar 31: 14,828,207 (value: $306 million)

Costco Wholesale Corp. (no change)
Sept 30: 5,254,000 (value: $341 million)
Mar 31: 5,254,000 (value: $243 million)

Eaton Corp (ETN, unchanged)
Sept 30: 2,908,700 (value: $163 million)
Dec 31: 3,200,000 (value: $159 million)
Mar 31: 3,200,000 (value: $117 million)

Gannett Inc. (GCI, no change)
Sept 30: 3,447,600 (value: $58 million)
Mar 31: 3,447,600 (value: $7 million)

General Electric Co. (GE, no change)
Sept 30: 7,777,900 (value: $198 million)
Mar 31: 7,777,900 (value: $78 million)

Glaxosmithkline (GSK, no change)
Sept 30: 1,510,500 (value: $65 million)
Mar 31: 1,510,500 (value: $46 million)

Home Depot Inc. (HD, reduced)
June 30: 4,181,000 (value: $97 million)
Sept 30: 3,700,000 (value: $95 million)
Mar 31: 3,700,000 (value $87 million)

Ingersoll-Rd Company LTD. (IR, increased)
June 30: 5,636,600 (value: $210 million)
Sept 30: 5,636,600 (value: $175 million)
Dec 31: 7,782,600 (value: $134 million)
Mar 31: 7,782,600 (value: $182 million)

Iron Mountain Inc. (IRM, no change)
Sept 30: 3,372,200 (value: $82 million)
Mar 31: 3,372,200 (value: $74 million)

Johnson & Johnson (JNJ, increased)
Sept 30: 61,754,448 (value: $4.2 billion)
Dec 31: 28,611,591 (value: $1.7 billion)
Mar 31: 32,508,891 (value: $1.7 billion, buy possible price range: $47 - $60)

Kraft (KFT, no change)
Sept 30: 138,272,500 (value: $4.5 billion)
Mar 31: 138,272,500 (value: $3.1 billion)

Lowes Companies Inc. (LOW, no change)
June 30: 7,000,000 (value: $145 million)
Sept 30: 6,500,000 (value: $153 million)
Mar 31: 6,500,000 (value: $118 million)

M & T Bank Corporation (MTB, no change)
Sept 30: 6,715,060 (value: $599 million)
Mar 31: 6,715,060 (value: $302 million)

Moody's (MCO, no change)
Sept 30: 48,000,000 (value: $1.6 billion)
Mar 31: 48,000,000 (value: $1 billion)

NRG Energy (NRG, no change)
June 30: 3,238,100 (value: $138 million)
Sept 30: 5,000,000 (value: $123 million, price range $23-$43)
Dec 31: 7,200,000 (value: $132 million)
Mar 31: 7,200,000 (value: $126 million)

Nike Inc. (NKE, no change)
Sept 30: 7,641,000 (value: $535 million)
Mar 31: 7,641,000 (value: $359 million)

Norfolk Southern Corp. (NSC, no change)
Sept 30: 1,933,000 (value: $127 million)
Mar 31: 1,933,000 (value : $65 million)

Procter & Gamble Co. (PG, no change)
June 30: 105,847,000 (value: $6.4 billion)
Sept 30: 105,847,000 (value: $7.3 billion)
Dec 31: 96,316,010 (value: $5.9 billion)
Mar 31: 96,316,010 (value: $4.5 billion)

Sanofi Aventis (SNY, no change)
Sept 30: 3,903,933 (value: $128 million)
Mar 31: 3,903,933 (value: $107 million)

Sun Trusts Banks Inc. (STI, no change)
June 30: 3,204,600 (value: $116 million)
Mar 31: 3,204,600 (value:$37 million)

Torchmark Corp. (TMK, no change)
Sept 30: 2,823,879 (value: $168 million)
Mar 31: 2,823,879 (value: $74 million)

US Bancorp (USB, increased)
June 30: 68,631,026 (value: $1.9 billion)
Sept 30: 72,937,126 (value: $2.6 billion, price range $22.70-$35)
Dec 31: 67,551,426 (value: $1.6 billion)
Mar 31: 69,039,426 (value: $1 billion, price range: $9-$25)

USG Corporation (USG, no change)
Sept 30: 17,072,192 (value: $437 million)
Mar 31: 17,072,192 (value: $129 million)

Union Pacific Corp. (UNP, increased)
Sept 30: 8,906,000 (value: $633 million)
Dec 31: 8,906,000 (value: $425 million)
Mar 31: 9,558,000 (value: $392 million, price range: $33-$54)

United Parcel Service Inc. (UPS, no change)
June 30: 1,429,200 (value: $87 million)
Mar 31: 1,429,200 (value: $70 million)

United Health Group Inc. (UNH, reduced)
June 30: 6,400,000 (value: $168 million)
Sept 30: 6,379,900 (value: $161 million)
Dec 31: 6,300,000 (value: $167 million)
Mar 31: 4,500,000 (value: $94 million)

Wabco Holdings Inc. (WBC, no change)
June 30: 2,700,000 (value: $125 million)
Sept 30: 2,700,000 (value: $95 million)
Mar 31: 2,700,000 (value $33 million)

Wal-Mart Stores, Inc. (WMT, No change)
Sept 30: 19,944,300 (value: $1.1 billion)
Mar 31: 19,944,300 (value: $1 billion)

Washington Post Co. (WPO, no change)
June 30: 1,727,765 (value: $1 billion)
Sept 30: 1,727,765 (value: $961 million)
Mar 31: 1,727,765 (value: $615 million)

Wells Fargo & Co. (WFC, increased)
June 30: 290,654,868 (value: $6.9 billion)
Sept 30: 290,407,668 (value: $10.8 billion)
Dec 31: 290,244,868 (value: $8.5 billion)
Mar 31: 302,609,212 (value: $4.4 billion, price range: $8 - $28)

Wellpoint Inc. (WLP,no change)
Sept 30: 4,777,300 (value: $223 million)
Mar 31: 4,777,300 (value: $181 million)

Wesco Finl Corp. (No change)
Sept 30: 5,703,087 (value: $2 billion)
Mar 31: 5,703,087 (value: $1.5 billion)

June 30 Grand Total: $57.8 billion.
Sept 30 Grand Total: $69 billion.
Dec 31 Grand Total: $51 billion.
Mar 31 Grand Total : $40 billion

The portfolio is down 25%.

"I told you in an earlier part of this report that last year I made a major mistake of commission (and maybe more; this one sticks out). Without urging from Charlie or anyone else, I bought a large amount of ConocoPhillips stock when oil and gas prices were near their peak. I in no way anticipated the dramatic fall in energy prices that occurred in the last half of the year. I still believe the odds are good that oil sells far higher in the future than the current $40-$50 price. But so far I have been dead wrong. Even if prices should rise, moreover, the terrible timing of my purchase has cost Berkshire several billion dollars.

I made some other already-recognizable errors as well. They were smaller, but unfortunately not that small. During 2008, I spent $244 million for shares of two Irish banks that appeared cheap to me. At yearend we wrote these holdings down to market: $27 million, for an 89% loss. Since then, the two stocks have declined even further. The tennis crowd would call my mistakes “unforced errors.”

On the plus side last year, we made purchases totaling $14.5 billion in fixed-income securities issued by Wrigley, Goldman Sachs and General Electric. We very much like these commitments, which carry high current yields that, in themselves, make the investments more than satisfactory. But in each of these three purchases, we also acquired a substantial equity participation as a bonus. To fund these large purchases, I had to sell portions of some holdings that I would have preferred to keep (primarily Johnson & Johnson, Procter & Gamble and ConocoPhillips). However, I have pledged – to you, the rating agencies and myself – to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits."

Annual Report 2008