2/23/2007 – What has Warren Buffett been buying?

Warren Buffett is the best investor of our time so it pays to follow his direction. Besides individual companies, Mr. Buffett has been busy buying stocks since the market bottomed in late 2002 and early 2003. At the end of 2002 Berkshire Hathaway owned stock worth $27.9 billion. By the end of 2006 the figure had grown to $52.8 billion -much more than accounted for by appreciation alone.

Even more interesting is what he’s been buying. True to his contrary nature all of his major purchases have been large capitalization stocks that have been out-of-favor with investors. Stocks that are new positions since 2002 and are near or above $1 billion in value include: Anheuser Busch, ConocoPhillips, Johnson & Johnson, Wal-Mart, and US Bancorp.