2. Deere & Company ( DE): Provides products and services primarily for agriculture and forestry worldwide. Market cap at $33.2B, most recent closing price at $85.55. This company is not a Buffett idea. Berkshire has other managers each managing around $4 billion in assets. Buffett does not know why his managers bought this company, and gives them the freedom to make their own decisions.
3. The Coca-Cola Company ( KO): Distributes, and markets nonalcoholic beverages worldwide. Market cap at $169.18B, most recent closing price at $37.72. Buffett joked that he had his first drink of Coke in the 1930’s and only started a position in the company in 1988. Shares rose sharply to $38.52 recently. In its last quarter, gross margins declined 50 bps to 59.6%.
( List compiled by Kapitall Contributor Chris Lau)