From what I quickly found Obama has shares in Berkshire mutual funds. Interesting Buffett is purchasing medical devices that Obama wants to tax?
http://blogs.wsj.com/financial-adviser/2009/11/03/whats-next-for-warren-buffett-after-railroad-deal/
The only new position Buffett has in his last filing is:
- Becton Dickinson (BDX), a maker of medical devices. It trades for 13x earnings. Return on equity is 23%. Buffett also owns Johnson & Johnson (JNJ), which is of course in the medical-device space. Just like Buffett started with BNI and then added Kansas City Southern (KSU) and Union Pacific in the space to his holdings, I wouldn’t be surprised to see Buffett add to BDX but also buy shares in competitors Abbott Laboratories (ABT) and Baxter International (BAX).
Buffett’s next big bet is clearly health care, given an aging baby boomer population. If you wanted to piggyback on Buffett you could get JNJ and BDX but I’d also consider ABT and BAX. Buffett also owns GlaxoSmithKline (GSK) and Sanofi-Aventis (SNY) which are both dead center in the middle of the flu vaccine craze.
Don’t chase the transportation stocks today but look at the bigger picture of what Buffett is doing.
http://money.cnn.com/2009/05/15/news/economy/obama-stocks/index.htm
The fund’s Top 10 holdings, according to the Vanguard site are:
JP Morgan Chase (JPM, Fortune 500)
Apple (AAPL, Fortune 500)
Google (GOOG, Fortune 500)
Intel (INTC, Fortune 500)
Qualcomm (QCOM, Fortune 500)
McDonald’s (MCD, Fortune 500)
Bank of America (BAC, Fortune 500)
Amgen (AMGN, Fortune 500)
CVS Caremark (CVS, Fortune 500)
Gilead (GILD, Fortune 500)
First Published: May 15, 2009: 6:11 PM ET