Here are five stocks Buffett acquired in the most recently reported quarter.
Warren Buffett doesn't swing at every pitch, but when he does he usually gets a hit.
The billionaire Berkshire Hathaway (BRK.A) (BRK.B) manager has built his fortune by buying when the time is right. And when he is shopping for opportunities, his value investing mantra drives him to seek out what he considers wonderful, quality companies -- hopefully at a bargain.
"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down," he wrote in his 2008 letter to shareholders.
And when Buffett buys a stock, he is likely to hold onto it for a while. He has said in the past that his favorite holding period is forever and advises others to play a long game as well. "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes," he wrote in his 1996 investor letter.
Last quarter, Buffett appears to have found several such investments that meet his buy criteria.
Here are five positions added to in the first quarter of 2016, as per his latest 13F corresponding to holdings as of June 30.
Liberty Global Plc LiLAC Group Class A Shares
LILA data by YCharts
Buffett's Berkshire increased its stake in Liberty Global Plc LiLAC Group Class A Shares (LILA) by nearly 425% last quarter. As of June 30, the firm owns 2.7 million shares valued at $87.58 million. It comprises 0.07% of its public equity portfolio.
Liberty Global Plc LiLAC Group Class C Shares
LILAK data by YCharts
Buffett's holdings of Liberty Global Plc LiLAC Group Class C Shares (LILAK) increased by nearly 250% last quarter to 1.3 million shares worth $41.72 million as of June 30. It now has a 0.03% allocation in his holdings.
Liberty Global Plc LiLAC is a tracking stock for Liberty Global PLC's operations in Latin America and the Caribbean. It has a market cap of $5.2 billion. In June, Liberty Global distributed 117.4 million LiLAC shares to Liberty Global Group shareholders (which Buffett is).
Apple
AAPL data by YCharts
Buffett took many by surprise earlier this year when his first quarter regulatory filings revealed he had initiated a stake in Apple (AAPL) . And during the second quarter, he upped the ante even more.
As of June 30, Berkshire owns 15.2 million shares of Apple valued at $1.45 billion, a 55% increase from the prior period. Apple now comprises 1.12% of Berkshire's public equity holdings.
Apple designs, manufactures and markets mobile communication media devices, personal computers and portable digital music players, and sells a variety of related software, services, accessories, networking solutions and third-party digital content. It has a $582.9 billion market cap and trades at a P/E of 12.59.
TheStreet's Jim Cramer owns Apple in his Action Alerts PLUS Charitable Trust Portfolio. "Apple remains one of, if not the most recognizable brands in the world, and we believe it has additional growth levers (geographical -- China and India -- and business -- Services, iPhone catalysts, etc. -- driven) it can pull to continue to drive share gains over the long term. We reiterate our long-term $130 price target," he recently said of the stock.
Liberty Global Plc
LBTYA data by YCharts
Buffett's holdings of Liberty Global Plc (LBTYA) got a 10% boost last quarter. As of the end of the period, he owns 19.4 million shares worth $562.80 million. Liberty Global comprises 0.43% of his portfolio.
Liberty Global, through its subsidiaries, provides video, broadband internet, fixed-line telephony and mobile services serving approximately 27.5 million customers across 14 countries. It has a $29.0 billion market cap.
Phillips 66
PSX data by YCharts
Phillips 66 (PSX) is another increased position for Buffett. The billionaires boosted his stake by about 4% to 78.8 million shares worth $6.25 billion. The company comprises 4.82% of his public equity holdings.
Phillips 66 Phillips 66 is engaged in purchases for resale and markets refined petroleum products. It has a $41.2 billion.
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