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Tuesday, August 11, 2009

Was Warren Buffett buying stocks during the second quarter?


Later this week we'll find out whether Warren Buffett was buying stocks for Berkshire Hathaway during the second quarter as U.S. markets rallied.

Berkshire is likely to file its quarterly Form 13F with the SEC late this week, probably after the market closes Friday afternoon. The form, which is required of many institutional investors, will reveal Berkshire's stock holdings as of June 30. Berkshire's last 13F showed the firm's stock holdings as of March 31.

We already know from Berkshire's second-quarter earnings release Friday that the company sold part of its position in ConocoPhillips during the second quarter and continued selling in July. Berkshire also sold some of its stake in Moody's Corp. during the third quarter.

An analysis of the Form 10-Q filed Friday also indicates that Berkshire bought additional shares of Johnson & Johnson and Wells Fargo during the second quarter, as this report also notes.

We'll have the results of Berkshire's Form 13F filing shortly after it's made public this week.
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