Warren Buffet’s Stock Picks

Regulatory filings reveal that Warren Buffet’s Berkshire Hathaway (NYSE:BRK.A) is making its boldest ever market moves in media. The company added shares of Starz TV owner Liberty Media Corp. (NASDAQ:LSTZA) to its portfolio, and as of December 31, had quadrupled its stake in DirecTV (NASDAQ:DTV) to 20.3 million shares. Berkshire also bought into DaVita (NYSE:DVA) and upped its ante with Wells Fargo (NYSE:WFC).
Some of the company’s changes can be attributed to the influence of former hedge fund manager Ted Weschler, who Buffet hired last fall and many speculate will take the helm at Berkshire when Buffett eventually retires. Weschler invested in Liberty Media and DaVita at his last firm.
The new filings also reveal larger investments in CVS Caremark (NYSE:CVS) and General Dynamics (NYSE:GD) — stocks first bought into under the direction of portfolio manager Todd Combs. Buffett, 81, has said he’ll stay on top of Berkshire’s largest stock holdings while Combs and Weschler oversee smaller investments.
On February 9, Buffett said stocks are the way to go, admonishing investors in bonds and gold. Through returns and new investments, Buffett’s stock holdings grew from $52.5 billion at the end of 2010 to $66.2 billion at the end of 2011.

To contact the reporter on this story: Lindsey Grossman at staff.writers@wallstcheatsheet.com

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