牛经沧海
11/15/2017
截至9/30/2017 （最新报告数据），巴菲特持仓45支股票，其中前4仓位占50%，前10占80%，前20占93%，前30占98%。可见轻重缓急区分明显，纲举目张。
巴菲特重仓一览Top Positions
|
Symbol |
Curr Price ($) |
Sector |
Market Cap ($B) |
Shares (x1000) |
Value ($mm) |
Port. (%) |
Delta QoQ (%) |
% of Company |
|
WFC |
54.04 |
Financial Services |
266 |
464,232 |
25,602 |
14.41 |
-0.8 |
9.4 |
|
KHC |
79.38 |
Consumer Defensive |
97 |
325,635 |
25,253 |
14.21 |
|
26.7 |
|
AAPL |
171.34 |
Technology |
880 |
134,093 |
20,666 |
11.63 |
3.0 |
2.6 |
|
KO |
47.43 |
Consumer Defensive |
202 |
400,000 |
18,004 |
10.13 |
|
9.4 |
|
BAC |
26.24 |
Financial Services |
274 |
679,000 |
17,206 |
9.68 |
New |
6.5 |
|
AXP |
93.76 |
Financial Services |
81 |
151,611 |
13,715 |
7.72 |
|
17.5 |
|
PSX |
92.83 |
Energy |
47 |
80,690 |
7,392 |
4.16 |
|
15.9 |
|
IBM |
148.89 |
Technology |
138 |
37,027 |
5,372 |
3.02 |
-31.5 |
4.0 |
|
USB |
51.83 |
Financial Services |
86 |
85,063 |
4,559 |
2.57 |
|
5.1 |
|
MCO |
143.14 |
Financial Services |
27 |
24,670 |
3,434 |
1.93 |
|
12.9 |
巴菲特前十持仓以金融服务为主（WFC, BAC, AXP, USB, MCO），兼顾必须消费（KHC, KO,），科技（AAPL其实是消费品，IBM是服务），及能源（PSX）。
持仓行业分布
巴菲特持仓集中在金融服务（41.4%），必须消费（24.9%），及科技（15.4%），其他行业明显低配。整体看来十分保守稳健。
|
Sector |
Port (%) |
Count |
|
Financial Services |
41.4 |
12 |
|
Consumer Defensive |
24.9 |
7 |
|
Technology |
15.4 |
3 |
|
Industrials |
5.2 |
6 |
|
Energy |
4.2 |
1 |
|
Consumer Cyclical |
3.2 |
6 |
|
Communication Services |
2.3 |
6 |
|
Basic Materials |
1.7 |
3 |
|
Healthcare |
1.4 |
3 |
|
Real Estate |
0.3 |
1 |
持仓变动
三季度共有8个变动。最大一笔是由Warranties行权买进BAC，其实算不得是真正的变动，只是持有形式变更。IBM减仓31.5%才是真正的大动作。其他交易分别是微减WFC,略加AAPL, 减仓CHTR，加仓MON,及SYF, 出清WBC.
|
Symbol |
Curr Price ($) |
Sector |
Market Cap ($B) |
Shares (x1000) |
Value ($mm) |
Port. (%) |
Delta QoQ (%) |
% of Company |
|
WFC |
54.04 |
Financial Services |
266 |
464,232 |
25,602 |
14.41 |
-0.8 |
9.43 |
|
AAPL |
171.34 |
Technology |
880 |
134,093 |
20,666 |
11.63 |
3.0 |
2.61 |
|
BAC |
26.24 |
Financial Services |
274 |
679,000 |
17,206 |
9.68 |
New |
6.51 |
|
IBM |
148.89 |
Technology |
138 |
37,027 |
5,372 |
3.02 |
-31.5 |
4 |
|
CHTR |
336.81 |
Communication Services |
84 |
8,489 |
3,085 |
1.74 |
-10.1 |
3.41 |
|
MON |
118.05 |
Basic Materials |
52 |
8,873 |
1,063 |
0.6 |
10.3 |
2.02 |
|
SYF |
32.56 |
Financial Services |
25 |
20,803 |
646 |
0.36 |
19.1 |
2.66 |
|
WBC |
143.55 |
Consumer Cyclical |
8 |
0 |
0 |
|
Sold Out |
|
持仓一览
|
Symbol |
Curr Price ($) |
Sector |
Market Cap ($B) |
Shares (x1000) |
Value ($mm) |
Port. (%) |
Delta QoQ (%) |
% of Company |
|
WFC |
54.04 |
Financial Services |
266 |
464,232 |
25,602 |
14.41 |
-0.8 |
9.43 |
|
KHC |
79.38 |
Consumer Defensive |
97 |
325,635 |
25,253 |
14.21 |
|
26.72 |
|
AAPL |
171.34 |
Technology |
880 |
134,093 |
20,666 |
11.63 |
3.0 |
2.61 |
|
KO |
47.43 |
Consumer Defensive |
202 |
400,000 |
18,004 |
10.13 |
|
9.39 |
|
BAC |
26.24 |
Financial Services |
274 |
679,000 |
17,206 |
9.68 |
New |
6.51 |
|
AXP |
93.76 |
Financial Services |
81 |
151,611 |
13,715 |
7.72 |
|
17.47 |
|
PSX |
92.83 |
Energy |
47 |
80,690 |
7,392 |
4.16 |
|
15.92 |
|
IBM |
148.89 |
Technology |
138 |
37,027 |
5,372 |
3.02 |
-31.5 |
4 |
|
USB |
51.83 |
Financial Services |
86 |
85,063 |
4,559 |
2.57 |
|
5.13 |
|
MCO |
143.14 |
Financial Services |
27 |
24,670 |
3,434 |
1.93 |
|
12.91 |
|
CHTR |
336.81 |
Communication Services |
84 |
8,489 |
3,085 |
1.74 |
-10.1 |
3.41 |
|
BK |
51.85 |
Financial Services |
53 |
50,230 |
2,663 |
1.5 |
|
4.91 |
|
LUV |
53.75 |
Industrials |
32 |
47,659 |
2,668 |
1.5 |
|
8.03 |
|
GS |
237.24 |
Financial Services |
89 |
10,960 |
2,599 |
1.46 |
|
2.91 |
|
DAL |
48.9 |
Industrials |
35 |
53,110 |
2,561 |
1.44 |
|
7.45 |
|
GM |
43 |
Consumer Cyclical |
61 |
60,000 |
2,423 |
1.36 |
|
4.22 |
|
DVA |
54.66 |
Healthcare |
10 |
38,566 |
2,290 |
1.29 |
|
21.04 |
|
AAL |
45.81 |
Industrials |
22 |
47,000 |
2,232 |
1.26 |
|
9.82 |
|
UAL |
57.2 |
Industrials |
17 |
28,212 |
1,718 |
0.97 |
|
9.52 |
|
VRSN |
111.17 |
Technology |
11 |
12,953 |
1,378 |
0.78 |
|
13.14 |
|
LSXMK |
40.37 |
Consumer Cyclical |
14 |
31,091 |
1,302 |
0.73 |
|
9.25 |
|
USG |
34.24 |
Basic Materials |
5 |
39,002 |
1,273 |
0.72 |
|
27.57 |
|
V |
111.98 |
Financial Services |
255 |
10,562 |
1,112 |
0.63 |
|
0.46 |
|
MON |
118.05 |
Basic Materials |
52 |
8,873 |
1,063 |
0.6 |
10.3 |
2.02 |
|
MTB |
160.71 |
Financial Services |
24 |
5,382 |
867 |
0.49 |
|
3.58 |
|
SIRI |
5.35 |
Consumer Cyclical |
25 |
137,916 |
761 |
0.43 |
|
3 |
|
COST |
171.44 |
Consumer Defensive |
75 |
4,333 |
712 |
0.4 |
|
0.99 |
|
LBTYA |
29.35 |
Communication Services |
24 |
20,181 |
684 |
0.39 |
|
2.46 |
|
MA |
149.95 |
Financial Services |
159 |
4,935 |
697 |
0.39 |
|
0.47 |
|
AXTA |
31.79 |
Basic Materials |
8 |
23,324 |
675 |
0.38 |
|
9.57 |
|
SYF |
32.56 |
Financial Services |
25 |
20,803 |
646 |
0.36 |
19.1 |
2.66 |
|
LSXMA |
40.48 |
Consumer Cyclical |
14 |
14,860 |
623 |
0.35 |
|
4.42 |
|
QSR |
64.81 |
Consumer Cyclical |
15 |
8,438 |
539 |
0.3 |
|
3.55 |
|
TMK |
85.18 |
Financial Services |
10 |
6,354 |
509 |
0.29 |
|
5.5 |
|
STOR |
26.02 |
Real Estate |
5 |
18,622 |
463 |
0.26 |
|
9.8 |
|
LBTYK |
28.34 |
Communication Services |
23 |
7,347 |
240 |
0.14 |
|
0.9 |
|
SNY |
44.65 |
Healthcare |
113 |
3,906 |
194 |
0.11 |
|
0.15 |
|
VRSK |
91.11 |
Industrials |
15 |
1,563 |
130 |
0.07 |
|
0.95 |
|
WMT |
91.09 |
Consumer Defensive |
272 |
1,394 |
109 |
0.06 |
|
0.05 |
|
GHC |
550.85 |
Consumer Defensive |
3 |
108 |
63 |
0.04 |
|
1.95 |
|
LILA |
22.04 |
Communication Services |
4 |
2,715 |
65 |
0.04 |
|
1.59 |
|
JNJ |
139.49 |
Healthcare |
375 |
327 |
43 |
0.02 |
|
0.01 |
|
LILAK |
22.06 |
Communication Services |
4 |
1,284 |
30 |
0.02 |
|
0.75 |
|
PG |
88.87 |
Consumer Defensive |
225 |
315 |
29 |
0.02 |
|
0.01 |
|
MDLZ |
42.53 |
Consumer Defensive |
64 |
578 |
24 |
0.01 |
|
0.04 |
|
UPS |
114.07 |
Industrials |
98 |
59 |
7 |
0 |
|
0.01 |
|
VZ |
44.22 |
Communication Services |
180 |
928 |
46 |
|
|
|
|
WBC |
143.55 |
Consumer Cyclical |
8 |
0 |
0 |
|
Sold Out |
|
Disclaim： For general information exchange only, not for investment recommendations Disclaimer
This material has been prepared by牛经沧海@2017. This document is for information and illustrative purposes only and does not purport to show actual results. 牛经沧海shall not have any liability for any damages of any kind whatsoever relating to this material. You should consult your advisors with respect to these areas.
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