Warren Buffett’s Berkshire buys new US$3.45bil Exxon Mobil stake
November 15, 2013 Leave a comment
Updated: Friday November 15, 2013 MYT 9:07:27 AM
Billionaire Warren Buffett’s Berkshire buys new US$3.45bil Exxon Mobil stake
NEW YORK: Billionaire Warren Buffett’s Berkshire Hathaway Inc on Thursday disclosed a new US$3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world’s largest publicly traded oil company. Although the investment represents just 0.9 percent of Houston-based Exxon’s shares, analysts said it reflects strong support by the second-richest American of one of the world’s largest and most profitable companies.“When Warren Buffett gives his seal of approval to any company, that is never a bad thing,” said Pavel Molchanov, energy analyst at Raymond James & Associates, who rates Exxon shares a “strong buy.”
Exxon shares rose 84 cents, or 0.9 percent, to $94.06 in after-hours trading following Berkshire’s disclosure of its stake in a U.S. Securities and Exchange Commission filing that listed most of its equity investments as of September 30. The shares had risen 63 cents during regular trading.
“He likes buying big, established global brand names, and Exxon is a good flight-to-quality stock,” saidFadel Gheit, senior oil analyst at Oppenheimer & Co, referring to Buffett. “The stock has also lagged the market in the last three and five years. That makes it a typical Warren Buffett holding.”
Gheit has a “perform” rating on Exxon.
Berkshire already has energy and utilities businesses, including MidAmerican Energy, which is spending $5.6 billion to buy Nevada utility NV Energy Inc.
U.S. regulators require large investors to disclose their stock holdings every quarter, and the disclosures can offer a window into their strategies for buying and selling stocks.
Buffett sometimes gets SEC permission to delay disclosures so that he can buy stocks without having investors copy him.
He did this for the second quarter of 2013, and revealed on Thursday that Exxon purchases took place during that period.
“We appreciate the confidence investors have in ExxonMobil when they decide to invest in the company,” Exxon spokesman Alan Jeffers said in an email.
Berkshire last reported owning Exxon shares in late 2011.
Debbie Bosanek, an assistant to Buffett, did not immediately respond to a request for comment.
CONOCO STAKE DECLINES
Buffett typically makes Berkshire’s largest investments, while other investments are made by portfolio managers Todd Combs and Ted Weschler. Berkshire’s quarterly filings do not reveal who buys or sells what.
The company ended September with $104.9 billion of equities. Its four top holdings -American Express Co, Coca-Cola Co, International Business Machines Corp and Wells Fargo & Co – totaled $58.4 billion.
During the quarter, Berkshire also reduced by 44 percent its share stake in oil company ConocoPhillips.
Through Thursday, ConocoPhillips’ stock was up 27.1 percent in 2013, while Exxon rose just 7.7 percent. The Energy Selector Sector SPDR exchange-traded fund was up 22.1 percent.
“Buffett is a classic value investor, and Exxon has been an underloved stock in a bull market,” Molchanov said. “Exxon is an amazing cash generating machine, which should generate $16 billion of free cash flow this year.”
Berkshire also reported higher stakes in Bank of New York Mellon Corp, dialysis clinic operator DaVita HealthCare Partners Inc, satellite TV providerDIRECTV, Suncor Energy Co, US Bancorp and Verisign Inc, which assigns Internet protocol addresses. Its stake in drugmaker GlaxoSmithKline Plc fell.
Berkshire also owns more than 80 businesses in such areas as insurance, railroads, utilities, chemicals and food. It paid $12.3 billion in June for half of ketchup maker H.J. Heinz Co.
On Thursday, Berkshire’s Class A shares rose 0.7 percent to $173,320, and its Class B shares rose 0.8 percent to $115.69.- Reuters
Nov 14, 2013
Berkshire Hathaway Reports New Stake in Exxon Mobil
Warren Buffett’s Berkshire Hathaway Inc. disclosed Thursday it had picked up a $3.45 billion stake in Exxon Mobil Corp., a sizable new addition to its roughly $107 billion portfolio of stocks. Exxon Mobil is the world’s largest publicly-traded oil-and-gas company with a market capitalization of $404.5 billion. Berkshire’s stake was valued at $3.45 billion as of Sept. 30, and represents less than 1% of Exxon Mobil’s 4.4 billion shares outstanding.
The stock was likely picked by Mr. Buffett himself, given the size of the investment. The billionaire investor has said he is in charge of investment decisions for Berkshire’s multibillion-dollar stock holdings, while his two investment managers Todd Combs and Ted Weschler buy and sell smaller positions.
Mr. Buffett has had mixed luck with his bets on energy companies. In his 2008 letter to shareholders, he rued Berkshire’s large purchase of ConocoPhillips stock when oil and gas prices were near their peak, just before they nosedived. “Even if prices should rise… the terrible timing of my purchase has cost Berkshire several billion dollars,” he wrote.
Berkshire owned about $940 million of the company’s stock as of Sept. 30, having cut its stake by more than $500 million from the previous quarter.
In 2007, Berkshire bought $2 billion worth of bonds of Texas electric utility Energy Future Holdings, which he later called a “big mistake.” Mr. Buffett said in his 2012 letter that Berkshire wrote down the value of much of that holding as natural gas prices remained depressed.
Mr. Buffett hired the two managers in 2010 and 2011 to help run Berkshire’s investment portfolio as part of his succession plan. Each now manages assets worth about $6.5 billion, up from $5 billion in March, reflecting increases in the value of stocks they have picked as well as greater funds to invest, people familiar with the matter said.
| FORM 13F INFORMATION TABLE |
| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| AMERICAN EXPRESS CO | COM | 025816109 | 147,426 | 1,952,142 | SH | DFND | 4 | 1,952,142 | 0 | 0 | |
| AMERICAN EXPRESS CO | COM | 025816109 | 1,300,862 | 17,225,400 | SH | DFND | 4,5 | 17,225,400 | 0 | 0 | |
| AMERICAN EXPRESS CO | COM | 025816109 | 63,424 | 839,832 | SH | DFND | 4,7 | 839,832 | 0 | 0 | |
| AMERICAN EXPRESS CO | COM | 025816109 | 146,743 | 1,943,100 | SH | DFND | 4,8,11 | 1,943,100 | 0 | 0 | |
| AMERICAN EXPRESS CO | COM | 025816109 | 603,755 | 7,994,634 | SH | DFND | 4,10 | 7,994,634 | 0 | 0 | |
| AMERICAN EXPRESS CO | COM | 025816109 | 9,081,724 | 120,255,879 | SH | DFND | 4,11 | 120,255,879 | 0 | 0 | |
| AMERICAN EXPRESS CO | COM | 025816109 | 105,706 | 1,399,713 | SH | DFND | 4,13 | 1,399,713 | 0 | 0 | |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 | 242,767 | 8,041,300 | SH | DFND | 4 | 8,041,300 | 0 | 0 | |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 | 54,158 | 1,793,915 | SH | DFND | 2,4,11 | 1,793,915 | 0 | 0 | |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 | 259,972 | 8,611,200 | SH | DFND | 4,8,11 | 8,611,200 | 0 | 0 | |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 | 16,605 | 550,021 | SH | DFND | 4,5,9 | 550,021 | 0 | 0 | |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 | 170,767 | 5,656,400 | SH | DFND | 4,11 | 5,656,400 | 0 | 0 | |
| CHICAGO BRIDGE & IRON CO N V | N Y REGISTRY SH | 167250109 | 326,475 | 4,817,400 | SH | DFND | 4 | 4,817,400 | 0 | 0 | |
| CHICAGO BRIDGE & IRON CO N V | N Y REGISTRY SH | 167250109 | 320,779 | 4,733,355 | SH | DFND | 4,8,11 | 4,733,355 | 0 | 0 | |
| COCA COLA CO | COM | 191216100 | 30,304 | 800,000 | SH | DFND | 4 | 800,000 | 0 | 0 | |
| COCA COLA CO | COM | 191216100 | 3,041,128 | 80,283,200 | SH | DFND | 4,5 | 80,283,200 | 0 | 0 | |
| COCA COLA CO | COM | 191216100 | 69,093 | 1,824,000 | SH | DFND | 4,6 | 1,824,000 | 0 | 0 | |
| COCA COLA CO | COM | 191216100 | 545,896 | 14,411,200 | SH | DFND | 4,8,11 | 14,411,200 | 0 | 0 | |
| COCA COLA CO | COM | 191216100 | 692,386 | 18,278,400 | SH | DFND | 4,10 | 18,278,400 | 0 | 0 | |
| COCA COLA CO | COM | 191216100 | 10,602,279 | 279,891,200 | SH | DFND | 4,11 | 279,891,200 | 0 | 0 | |
| COCA COLA CO | COM | 191216100 | 134,550 | 3,552,000 | SH | DFND | 4,12 | 3,552,000 | 0 | 0 | |
| COCA COLA CO | COM | 191216100 | 36,365 | 960,000 | SH | DFND | 4,13 | 960,000 | 0 | 0 | |
| CONOCOPHILLIPS | COM | 20825C104 | 34,655 | 498,558 | SH | DFND | 4,8,11 | 498,558 | 0 | 0 | |
| CONOCOPHILLIPS | COM | 20825C104 | 138,971 | 1,999,300 | SH | DFND | 4,10 | 1,999,300 | 0 | 0 | |
| CONOCOPHILLIPS | COM | 20825C104 | 766,793 | 11,031,412 | SH | DFND | 4,11 | 11,031,412 | 0 | 0 | |
| COSTCO WHSL CORP NEW | COM | 22160K105 | 499,073 | 4,333,363 | SH | DFND | 4,11 | 4,333,363 | 0 | 0 | |
| DAVITA HEALTHCARE PARTNERS I | COM | 23918K108 | 1,021,231 | 17,947,812 | SH | DFND | 4 | 17,947,812 | 0 | 0 | |
| DAVITA HEALTHCARE PARTNERS I | COM | 23918K108 | 768,094 | 13,499,018 | SH | DFND | 4,8,11 | 13,499,018 | 0 | 0 | |
| DEERE & CO | COM | 244199105 | 135,620 | 1,666,300 | SH | DFND | 4 | 1,666,300 | 0 | 0 | |
| DEERE & CO | COM | 244199105 | 188,212 | 2,312,467 | SH | DFND | 4,8,11 | 2,312,467 | 0 | 0 | |
| DISH NETWORK CORP | CL A | 25470M109 | 24,635 | 547,312 | SH | DFND | 4,8,11 | 547,312 | 0 | 0 | |
| DIRECTV | COM | 25490A309 | 853,407 | 14,275,800 | SH | DFND | 4 | 14,275,800 | 0 | 0 | |
| DIRECTV | COM | 25490A309 | 1,329,441 | 22,238,900 | SH | DFND | 4,8,11 | 22,238,900 | 0 | 0 | |
| EXXON MOBIL CORP | COM | 30231G102 | 912,661 | 10,607,400 | SH | DFND | 4,5 | 10,607,400 | 0 | 0 | |
| EXXON MOBIL CORP | COM | 30231G102 | 237,531 | 2,760,700 | SH | DFND | 4,10 | 2,760,700 | 0 | 0 | |
| EXXON MOBIL CORP | COM | 30231G102 | 2,299,098 | 26,721,271 | SH | DFND | 4,11 | 26,721,271 | 0 | 0 | |
| GENERAL ELECTRIC CO | COM | 369604103 | 14,069 | 588,900 | SH | DFND | 4 | 588,900 | 0 | 0 | |
| GENERAL MTRS CO | COM | 37045V100 | 658,071 | 18,295,000 | SH | DFND | 4 | 18,295,000 | 0 | 0 | |
| GENERAL MTRS CO | COM | 37045V100 | 780,729 | 21,705,000 | SH | DFND | 4,8,11 | 21,705,000 | 0 | 0 | |
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 | 17,350 | 345,819 | SH | DFND | 4,11 | 345,819 | 0 | 0 | |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 15,644 | 84,480 | SH | DFND | 4 | 84,480 | 0 | 0 | |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 110,661 | 597,588 | SH | DFND | 4,5 | 597,588 | 0 | 0 | |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 87,923 | 474,800 | SH | DFND | 4,8,11 | 474,800 | 0 | 0 | |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 12,400,600 | 66,965,116 | SH | DFND | 4,11 | 66,965,116 | 0 | 0 | |
| JOHNSON & JOHNSON | COM | 478160104 | 28,356 | 327,100 | SH | DFND | 4 | 327,100 | 0 | 0 | |
| KRAFT FOODS GROUP INC | COM | 50076Q106 | 10,111 | 192,666 | SH | DFND | 4 | 192,666 | 0 | 0 | |
| LEE ENTERPRISES INC | COM | 523768109 | 235 | 88,863 | SH | DFND | 4,5 | 88,863 | 0 | 0 | |
| LIBERTY MEDIA CORP DELAWARE | CL A | 531229102 | 385,877 | 2,622,340 | SH | DFND | 4 | 2,622,340 | 0 | 0 | |
| LIBERTY MEDIA CORP DELAWARE | CL A | 531229102 | 441,450 | 3,000,000 | SH | DFND | 4,8,11 | 3,000,000 | 0 | 0 | |
| M & T BK CORP | COM | 55261F104 | 61,108 | 546,000 | SH | DFND | 4,8,11 | 546,000 | 0 | 0 | |
| M & T BK CORP | COM | 55261F104 | 18,444 | 164,795 | SH | DFND | 4,10 | 164,795 | 0 | 0 | |
| M & T BK CORP | COM | 55261F104 | 522,806 | 4,671,245 | SH | DFND | 4,11 | 4,671,245 | 0 | 0 | |
| MASTERCARD INC | CL A | 57636Q104 | 272,476 | 405,000 | SH | DFND | 4,8,11 | 405,000 | 0 | 0 | |
| MEDIA GEN INC | CL A | 584404107 | 66,255 | 4,646,220 | SH | DFND | 4 | 4,646,220 | 0 | 0 | |
| MONDELEZ INTL INC | CL A | 609207105 | 18,161 | 578,000 | SH | DFND | 4 | 578,000 | 0 | 0 | |
| MOODYS CORP | COM | 615369105 | 859,878 | 12,226,328 | SH | DFND | 4,8,11 | 12,226,328 | 0 | 0 | |
| MOODYS CORP | COM | 615369105 | 892,899 | 12,695,850 | SH | DFND | 4,11 | 12,695,850 | 0 | 0 | |
| NATIONAL OILWELL VARCO INC | COM | 637071101 | 329,351 | 4,216,500 | SH | DFND | 4 | 4,216,500 | 0 | 0 | |
| NATIONAL OILWELL VARCO INC | COM | 637071101 | 364,266 | 4,663,500 | SH | DFND | 4,8,11 | 4,663,500 | 0 | 0 | |
| PHILLIPS 66 | COM | 718546104 | 375,587 | 6,495,800 | SH | DFND | 4 | 6,495,800 | 0 | 0 | |
| PHILLIPS 66 | COM | 718546104 | 526,951 | 9,113,650 | SH | DFND | 4,8,11 | 9,113,650 | 0 | 0 | |
| PHILLIPS 66 | COM | 718546104 | 57,800 | 999,650 | SH | DFND | 4,10 | 999,650 | 0 | 0 | |
| PHILLIPS 66 | COM | 718546104 | 610,280 | 10,554,818 | SH | DFND | 4,11 | 10,554,818 | 0 | 0 | |
| PRECISION CASTPARTS CORP | COM | 740189105 | 269,219 | 1,184,735 | SH | DFND | 4 | 1,184,735 | 0 | 0 | |
| PRECISION CASTPARTS CORP | COM | 740189105 | 180,111 | 792,601 | SH | DFND | 4,8,11 | 792,601 | 0 | 0 | |
| PROCTER & GAMBLE CO | COM | 742718109 | 23,841 | 315,400 | SH | DFND | 4 | 315,400 | 0 | 0 | |
| PROCTER & GAMBLE CO | COM | 742718109 | 1,532,965 | 20,280,000 | SH | DFND | 4,5 | 20,280,000 | 0 | 0 | |
| PROCTER & GAMBLE CO | COM | 742718109 | 117,920 | 1,560,000 | SH | DFND | 4,6 | 1,560,000 | 0 | 0 | |
| PROCTER & GAMBLE CO | COM | 742718109 | 471,682 | 6,240,000 | SH | DFND | 4,8,11 | 6,240,000 | 0 | 0 | |
| PROCTER & GAMBLE CO | COM | 742718109 | 471,682 | 6,240,000 | SH | DFND | 4,10 | 6,240,000 | 0 | 0 | |
| PROCTER & GAMBLE CO | COM | 742718109 | 1,313,579 | 17,377,678 | SH | DFND | 4,11 | 17,377,678 | 0 | 0 | |
| PROCTER & GAMBLE CO | COM | 742718109 | 58,960 | 780,000 | SH | DFND | 4,12 | 780,000 | 0 | 0 | |
| SANOFI | SPONSORED ADR | 80105N105 | 21,335 | 421,400 | SH | DFND | 4,8,11 | 421,400 | 0 | 0 | |
| SANOFI | SPONSORED ADR | 80105N105 | 25,808 | 509,742 | SH | DFND | 4,5,9 | 509,742 | 0 | 0 | |
| SANOFI | SPONSORED ADR | 80105N105 | 8,572 | 169,300 | SH | DFND | 4,10 | 169,300 | 0 | 0 | |
| SANOFI | SPONSORED ADR | 80105N105 | 142,039 | 2,805,433 | SH | DFND | 4,11 | 2,805,433 | 0 | 0 | |
| STARZ | LIBRTY CAP COM A | 85571Q102 | 73,766 | 2,622,340 | SH | DFND | 4 | 2,622,340 | 0 | 0 | |
| STARZ | LIBRTY CAP COM A | 85571Q102 | 84,390 | 3,000,000 | SH | DFND | 4,8,11 | 3,000,000 | 0 | 0 | |
| SUNCOR ENERGY INC NEW | COM | 867224107 | 644,396 | 18,009,957 | SH | DFND | 4,8,11 | 18,009,957 | 0 | 0 | |
| TORCHMARK CORP | COM | 891027104 | 8,416 | 116,326 | SH | DFND | 2,4,11 | 116,326 | 0 | 0 | |
| TORCHMARK CORP | COM | 891027104 | 48,807 | 674,592 | SH | DFND | 4,5 | 674,592 | 0 | 0 | |
| TORCHMARK CORP | COM | 891027104 | 69,423 | 959,550 | SH | DFND | 4,10 | 959,550 | 0 | 0 | |
| TORCHMARK CORP | COM | 891027104 | 179,815 | 2,485,350 | SH | DFND | 4,11 | 2,485,350 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 21,592 | 590,275 | SH | DFND | 4 | 590,275 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 112,301 | 3,070,000 | SH | DFND | 1,2,4,11 | 3,070,000 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 852,581 | 23,307,300 | SH | DFND | 4,5 | 23,307,300 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 463,809 | 12,679,300 | SH | DFND | 4,8,11 | 12,679,300 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 153,812 | 4,204,800 | SH | DFND | 4,5,9 | 4,204,800 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 111,569 | 3,050,000 | SH | DFND | 4,10 | 3,050,000 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 1,114,623 | 30,470,826 | SH | DFND | 4,11 | 30,470,826 | 0 | 0 | |
| US BANCORP DEL | COM NEW | 902973304 | 63,832 | 1,745,000 | SH | DFND | 4,14 | 1,745,000 | 0 | 0 | |
| U S G CORP | COM NEW | 903293405 | 487,923 | 17,072,192 | SH | DFND | 4,11 | 17,072,192 | 0 | 0 | |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | 5,427 | 59,400 | SH | DFND | 4 | 59,400 | 0 | 0 | |
| VERISIGN INC | COM | 92343E102 | 230,125 | 4,522,000 | SH | DFND | 4 | 4,522,000 | 0 | 0 | |
| VERISIGN INC | COM | 92343E102 | 327,707 | 6,439,520 | SH | DFND | 4,8,11 | 6,439,520 | 0 | 0 | |
| VERISK ANALYTICS INC | CL A | 92345Y106 | 101,561 | 1,563,434 | SH | DFND | 4,8,11 | 1,563,434 | 0 | 0 | |
| VIACOM INC NEW | CL B | 92553P201 | 330,475 | 3,954,000 | SH | DFND | 4 | 3,954,000 | 0 | 0 | |
| VIACOM INC NEW | CL B | 92553P201 | 305,334 | 3,653,200 | SH | DFND | 4,8,11 | 3,653,200 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 297,248 | 1,555,459 | SH | DFND | 4,8,11 | 1,555,459 | 0 | 0 | |
| WABCO HLDGS INC | COM | 92927K102 | 205,058 | 2,433,632 | SH | DFND | 4 | 2,433,632 | 0 | 0 | |
| WABCO HLDGS INC | COM | 92927K102 | 138,413 | 1,642,693 | SH | DFND | 4,8,11 | 1,642,693 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 21,448 | 290,000 | SH | DFND | 4 | 290,000 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 12,573 | 170,000 | SH | DFND | 1,2,4,11 | 170,000 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 2,182 | 29,500 | SH | DFND | 2,4,11 | 29,500 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 310,632 | 4,200,000 | SH | DFND | 3,4,5 | 4,200,000 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 113,443 | 1,533,840 | SH | DFND | 4,5 | 1,533,840 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 18,934 | 256,000 | SH | DFND | 4,6 | 256,000 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 69,966 | 946,000 | SH | DFND | 4,8,11 | 946,000 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 132,314 | 1,789,000 | SH | DFND | 4,5,9 | 1,789,000 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 62,792 | 849,000 | SH | DFND | 4,10 | 849,000 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 2,860,247 | 38,672,895 | SH | DFND | 4,11 | 38,672,895 | 0 | 0 | |
| WAL MART STORES INC | COM | 931142103 | 37,794 | 511,000 | SH | DFND | 4,14 | 511,000 | 0 | 0 | |
| WASHINGTON POST CO | CL B | 939640108 | 90,670 | 148,311 | SH | DFND | 1,2,4,11 | 0 | 0 | 148,311 | |
| WASHINGTON POST CO | CL B | 939640108 | 396,256 | 648,165 | SH | DFND | 4,10 | 0 | 0 | 648,165 | |
| WASHINGTON POST CO | CL B | 939640108 | 546,733 | 894,304 | SH | DFND | 4,11 | 0 | 0 | 894,304 | |
| WASHINGTON POST CO | CL B | 939640108 | 22,611 | 36,985 | SH | DFND | 4,12 | 0 | 0 | 36,985 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 276,822 | 6,699,470 | SH | DFND | 4 | 6,699,470 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 661,120 | 16,000,000 | SH | DFND | 1,2,4,11 | 16,000,000 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 219,141 | 5,303,500 | SH | DFND | 2,4,11 | 5,303,500 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 281,507 | 6,812,857 | SH | DFND | 3,4,5 | 6,812,857 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 3,092,960 | 74,853,819 | SH | DFND | 4,5 | 74,853,819 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 33,882 | 820,000 | SH | DFND | 4,6 | 820,000 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 70,244 | 1,700,000 | SH | DFND | 4,7 | 1,700,000 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 1,490,379 | 36,069,200 | SH | DFND | 4,8,11 | 36,069,200 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 424,232 | 10,267,000 | SH | DFND | 4,5,9 | 10,267,000 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 2,314,675 | 56,018,270 | SH | DFND | 4,10 | 56,018,270 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 10,007,282 | 242,189,787 | SH | DFND | 4,11 | 242,189,787 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 115,200 | 2,788,000 | SH | DFND | 4,12 | 2,788,000 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 66,514 | 1,609,720 | SH | DFND | 4,13 | 1,609,720 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 82,640 | 2,000,000 | SH | DFND | 4,14 | 2,000,000 | 0 | 0 | |
About bambooinnovator
Bamboo Innovator 