6 Stocks Warren Buffett Loves for 2016 -- Including Apple

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 six positions added to in the first quarter of 2016, as per his latest 13F corresponding to holdings as of June 30.

Liberty Global LiLAC Group Class A Shares

LILA Chart LILA data by YCharts

Buffett's Berkshire increased its stake in Liberty Global 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 LiLAC is a tracking stock for Liberty Global'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).

Liberty Global LiLAC Group Class C Shares

LILAK Chart LILAK data by YCharts

Buffett's holdings of Liberty Global 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 LiLAC is a tracking stock for Liberty Global'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 Chart 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 

LBTYA Chart LBTYA data by YCharts

Buffett's holdings of Liberty Global  (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 Chart 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.

Liberty Media

Buffett's position in Liberty Media  (LSXMK) (LSXMA) (LMCK)   (LMCA) expanded last quarter as well. He ended the period with 37.5 million shares, compared with 30 million shares the previous quarter. The stake is valued at $1.1 billion as of June 30. The change is related to Liberty Media's recapitalization of its shares in April.

Liberty Media, through its subsidiaries, owns interest in media, communication and entertainment businesses. 

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