Every once in a while, I like to look at Warren Buffett's stock holdings at Berkshire Hathaway.
The one thing I admire most about his portfolio is that there are no surprises. Every stock makes sense in a perfectly logical, "this is a great stock; of course Warren Buffett would own it" sort of way.
I would like my own portfolio to be like that. No surprises...just great stocks.
With that in mind, I've dumped the two worst "Distressed" stocks so far, Savient Pharmaceuticals (SVNT) and Dendreon (DNDN) - you can expect more of that in the near future - and added a couple of quality dividend stocks:
China Mobile (CHL)
Positives:
4.1% dividend yield.
Exceptional $52B cash, $5B debt ratio (especially for a telecom...those numbers are typically reversed).
Negatives:
Mild revenue (8.8%) and profit (4.2%) growth.
ConocoPhillips (COP)
Positives:
Warren Buffett owns it.
5.2% dividend yield.
Very cheap 5.6 P/E ratio.
Negatives:
Lots of debt ($32B).
Negative revenue/earnings growth.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 17.41%
Baidu (BIDU) 8.24%
Google (GOOG) 7.22%
Southern Copper (SCCO) 6.01%
Intuitive Surgical (ISRG) 5.88%
American Capital Agency (AGNC) 5.04%
Annaly Capital Management (NLY) 4.59%
Ace Limited (ACE) 4.25%
American Software (AMSWA) 3.32%
BP Prudhoe Bay Royalty Trust (BPT) 3.23%
Amazon (AMZN) 3.00%
Tesla Motors (TSLA) 2.59%
Intel (INTC) 2.57%
Kinder Morgan Energy Partners (KMP) 2.54%
Apache (APA) 2.51%
Prospect Capital (PSEC) 2.42%
McDonald's (MCD) 2.33%
Vodafone (VOD) 2.23%
The Distressed (APKT, BEBE, EA, ESI, GSOL, HNSN, JSDA, LZB, MAKO, MSI, PCS, RBCN, RVR, SRZ, WFC, ZIP) 2.19%
DuPont (DD) 2.06%
Blackstone (BX) 1.95%
Under Armour (UA) 1.95%
F5 Networks (FFIV) 1.70%
BreitBurn Energy Partners (BBEP) 1.61%
China Mobile (CHL) 1.47%
ConocoPhillips (COP) 1.46%
