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Strategies & Market Trends : Buffettology

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To: James Clarke who wrote (695)12/18/1998 10:31:00 AM
From: Beltropolis Boy  Read Replies (2) of 4690
 
a few news items i thought might interest the board.

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Berkshire Hathaway Inc. and General Re Corporation to Close Merger
Business Wire - December 17, 1998 12:55
go2net.newsalert.com

Buffett Reveals 3Q 1997 Confidential Stock Holdings (BRKA,BRKB)
Newstraders - December 17, 1998 10:09
(NewsTraders.com)--Warren Buffett's Berkshire Hathaway (BRKA,BRKB) revealed its confidential stock holdings from the third quarter of 1997 in a Form 13F released late yesterday by the SEC.

Buffett had requested confidential treatment of certain stock holdings, which allows for those holdings not to be disclosed for at least one year.

Changes in Berkshire's holdings from the second quarter of 1997 to the third quarter of 1997 are featured below:

- American International Group (AIG) -- Purchased 608,400 shares and holds 2,448,300 shares.

- Arrow Electronics (ARW) -- Holds 1,700,000 shares reflecting no changes.

- Burlington Northern Santa Fe -- Holds 500,000 shares reflecting no changes.

- Costco Companies (COST) -- Holds 555,000 reflecting no changes.

- Walt Disney (DIS) -- Sold 1,161,800 shares and holds 22,482,614 shares.

- Federal Home Loan Mortgage -- Holds 63,977,600 shares, reflecting no changes.

- Fannie Mae (FNM) -- Sold 206,200 shares and holds 6,558,000 shares.

- First Empire State Corp. -- Holds 506,930 shares, reflecting no changes.

- Gannett Inc. (GCI) -- Sold 82,200 shares and holds 2,173,900 shares.

- The Gap Inc. (GPS) -- Holds 125,000 shares, reflecting no changes.

- General Dynamics Corp. (GD) -- Sold 1,500 shares and holds 4,136,971 shares.

- International Flavors Fragrances (IFF) -- Sold 939,000 shares and holds 1,060,850 shares.

- Manpower Inc. (MAN) -- Holds 3,682,300 shares, reflecting no changes.

- Mattel Inc. (MAT) -- Holds 11,375,000 shares, reflecting no changes.

- McDonalds Corp. (MCD) -- Sold 5,044,200 shares and holds 15,589,900 shares.

- Morgan Stanley Dean Witter (MWD) -- Sold 1,384,400 shares and holds 2,224,900 shares.

- Nike Inc. (NKE) -- Holds 5,175,000, reflecting no changes.

- Torchmark Corp. (TMK) -- Purchased 331,281 shares and holds 662,562 shares.

- US Bancorp -- Purchased 2,412,566 shares and holds 3,212,566 shares.

- UST Inc. -- Sold 752,300 shares and holds1,977,900 shares.

- Wal-Mart (WMT) -- Sold 2,957,000 shares and holds 1,388,700 shares.

- Wells Fargo Co. (WFC) -- Sold 91,200 shares and holds 7,752,918 shares.

- Zenith National Insurance Corp. (ZNT) -- Holds 853,655 shares, reflecting no changes.

Berkshire's other stock holdings as disclosed in its latest Form 13F covering the 1998 third quarter are featured below:

- American Express (AXP) -- 50,536,900 shares (according to a recent Form 4 filed with the SEC)

- Coca-Cola (KO) -- 200,000,000 shares

- Gilette Co. (G) -- 96,000,000 shares

- MT Bank Corp. (MTB) -- 506,930 shares

- PS Group Holdings (PSG) -- 1,208,032 shares

- SunTrust Banks (STI) -- 6,641,400 shares

- Washington Post Co. (WPO) -- 1,727,765 shares

- Wesco Financial (WSC) -- 5,703,087

go2net.newsalert.com
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