Warren Buffet Does Heavy Selling

[MAGNES]

http://www.chartingstocks.net/2010/05/warren-buffet-does-heavy-selling-13-f-filings-reveal/

Do your own DD on this.

Billionaire investor Warren Buffet did some heavy selling during the first quarter of 2010. According to the most recent 13-f filing, Mr. Buffett liquidated his entire position health insurers United Health (UNH) and WellPoint (WPT). He dumped his holdings in financial companies Travelers (TRV) and Sun Trust Banks (STI).

Buffet also trimmed his holdings in 8 stocks while increasing positions in 3.

Positions were reduced in Conoco Phillips (COP), Carmax (CMX), Costco (COST), Johnson & Johnson (JNJ), Gannett (GCI), M&T Bank (MTB), Moodys (MCO) as well as Procter & Gamble (PG).

Buffett reported an increase in holdings in Becton Dickinson (BDX), Iron Mountain (IRM), and Republic Services (RSG).

The total value of Berkshire’s portfolio dropped $7 billion to $50.9 billion from $57.9 billion in the previous quarter.

[Answer2me]

thanks for the info! ;)

[Gaillo]

Buffett reported an increase in holdings in Becton Dickinson (BDX), Iron Mountain (IRM), and Republic Services (RSG).

Brief summary of the named companies, anyone?

[Sparky]

Buffett reported an increase in holdings in Becton Dickinson (BDX), Iron Mountain (IRM), and Republic Services (RSG).

Brief summary of the named companies, anyone?

RSG is a successful solid waste management company that owns a lot of property.

[Apocalypto]

It's time to sell stocks. No doubt. The drop is PENDING.

Hang in there. The Dow is a Cow.

[Olmstein]

Buffett reported an increase in holdings in Becton Dickinson (BDX), Iron Mountain (IRM), and Republic Services (RSG).

Brief summary of the named companies, anyone?


From Yahoo! finance:

Becton, Dickinson and Company, a medical technology company, develops, manufactures, and sells medical devices, instrument systems, and reagents worldwide. The company’s BD Medical segment produces medical devices, which are used in healthcare settings. This segment’s product line includes needles, syringes, and intravenous catheters for medication delivery; prefilled IV flush syringes; syringes, pen needles, and other drugs used in the treatment of diabetes; prefillable drug delivery devices; surgical blades/scalpels and regional anesthesia needles and trays; critical care monitoring devices; ophthalmic surgical instruments; and sharps disposal containers. Its BD Diagnostics segment provides products for the safe collection and transport of diagnostics specimens, as well as instrument systems and reagents to detect infectious diseases, healthcare-associated infections (HAI), and cancers. Its product line consists of integrated systems for specimen collection; safety-engineered blood collection products and systems; automated blood culturing systems; molecular testing systems for sexually transmitted diseases and HAIs; microorganism identification and drug susceptibility systems; liquid-based cytology systems for cervical cancer screening; rapid diagnostic assays; and plated media. Its BD Biosciences segment produces research and clinical tools that facilitate the study of cells and its components. Its product line comprises fluorescence-activated cell sorters and analyzers; monoclonal antibodies and kits for performing cell analysis; reagent systems for life sciences research; cell imaging systems; laboratory products for tissue culture and fluid handling; diagnostic assays; and cell culture media supplements for biopharmaceutical manufacturing. Becton serves healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry, and the general public. The company was founded in 1897 and is based in Franklin Lakes, New Jersey.

Iron Mountain Incorporated provides information management and related services for various media in North America, Europe, Latin America, and the Asia Pacific. It offers records management, data protection and recovery, and information destruction services. The records management services include records management program development and implementation to help customers comply with specific regulatory requirements; implementation of policy-based programs that feature secure storage for media consisting of paper, flexible retrieval access, and retention management; digital archiving and related services for secure long-term archiving of electronic records; and specialized services for vital records and regulated industries, such as healthcare, energy, government, and financial services. The data protection and recovery services comprise disaster preparedness, planning, support and secure, and off-site vaulting of data backup media for data recovery in the event of a disaster, human error, or virus; online backup and recovery solutions for desktop and laptop computers and remote servers; and technology escrow services to protect and manage source code and other proprietary information. The information destruction services include secure shredding services, such as hardcopy records management services and shredding of sensitive documents for corporate customers. The company also sells corrugated cardboard storage cartons; and provides consulting, facilities management, fulfillment, and other outsourcing services. It serves commercial, legal, banking, healthcare, accounting, insurance, entertainment, and government organizations. The company was founded in 1951 and is headquartered in Boston, Massachusetts.

[Neuro]

The value of his portfolio went down by 7 Billion from 57 in a quarter were stocks mostly advanced. It could mean that he sold stocks of around $10-12 Billion value and put it in cash, payed off loans etc... As I recall it he called the market bottom accurately at a time when everyone thought DOW was going sub 4000... He has called the market top now.

[kiffertom]

check out DXD, FXP, and SDS. ultra shorts. alot of money to be made here.

[Twisted Titan]

I wonder how he did in that Trillion Dollar blowout??

T

[JDRock]

Buffett reported an increase in holdings in Becton Dickinson (BDX), Iron Mountain (IRM), and Republic Services (RSG).

Brief summary of the named companies, anyone?


From Yahoo! finance:

Becton, Dickinson and Company, a medical technology company, develops, manufactures, and sells medical devices, instrument systems, and reagents worldwide. The company’s BD Medical segment produces medical devices, which are used in healthcare settings. This segment’s product line includes needles, syringes, and intravenous catheters for medication delivery; prefilled IV flush syringes; syringes, pen needles, and other drugs used in the treatment of diabetes; prefillable drug delivery devices; surgical blades/scalpels and regional anesthesia needles and trays; critical care monitoring devices; ophthalmic surgical instruments; and sharps disposal containers. Its BD Diagnostics segment provides products for the safe collection and transport of diagnostics specimens, as well as instrument systems and reagents to detect infectious diseases, healthcare-associated infections (HAI), and cancers. Its product line consists of integrated systems for specimen collection; safety-engineered blood collection products and systems; automated blood culturing systems; molecular testing systems for sexually transmitted diseases and HAIs; microorganism identification and drug susceptibility systems; liquid-based cytology systems for cervical cancer screening; rapid diagnostic assays; and plated media. Its BD Biosciences segment produces research and clinical tools that facilitate the study of cells and its components. Its product line comprises fluorescence-activated cell sorters and analyzers; monoclonal antibodies and kits for performing cell analysis; reagent systems for life sciences research; cell imaging systems; laboratory products for tissue culture and fluid handling; diagnostic assays; and cell culture media supplements for biopharmaceutical manufacturing. Becton serves healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry, and the general public. The company was founded in 1897 and is based in Franklin Lakes, New Jersey.

Iron Mountain Incorporated provides information management and related services for various media in North America, Europe, Latin America, and the Asia Pacific. It offers records management, data protection and recovery, and information destruction services. The records management services include records management program development and implementation to help customers comply with specific regulatory requirements; implementation of policy-based programs that feature secure storage for media consisting of paper, flexible retrieval access, and retention management; digital archiving and related services for secure long-term archiving of electronic records; and specialized services for vital records and regulated industries, such as healthcare, energy, government, and financial services. The data protection and recovery services comprise disaster preparedness, planning, support and secure, and off-site vaulting of data backup media for data recovery in the event of a disaster, human error, or virus; online backup and recovery solutions for desktop and laptop computers and remote servers; and technology escrow services to protect and manage source code and other proprietary information. The information destruction services include secure shredding services, such as hardcopy records management services and shredding of sensitive documents for corporate customers. The company also sells corrugated cardboard storage cartons; and provides consulting, facilities management, fulfillment, and other outsourcing services. It serves commercial, legal, banking, healthcare, accounting, insurance, entertainment, and government organizations. The company was founded in 1951 and is headquartered in Boston, Massachusetts.


Olmstien is the smartest cab driver in the country !!

[Olmstein]

Olmstien is the smartest cab driver in the country !!


Finally, somebody noticed.