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Buffett dumped shares of J&J, P&G, ConocoPhillips, Exxon-Mobil

In documents filed at the SEC today covering the last three months of 2009, super-investor and world's second-richest man Warren Buffett declared that he has sold millions of shares of blue-chip U.S. companies out of his $58 billion stock portfolio.

A partial rundown (the document is incomplete because the SEC has allowed Buffett to hide certain transactions so as not to tip off his trading strategies to competitors):

  • He sold 20 million shares of ConocoPhillips, the second-largest U.S. oil company, between Sept. 30 and the end of the year. At one point, Buffett had a $7 billion stake in Conoco and admitted to "terrible timing" in buying up shares of the company when oil was at its peak. As the price of oil has dropped, so has the value ConocoPhillips, so Buffett is cutting his losses.

  • Buffett sold 10 million shares of pharma/hygiene company Johnson & Johnson.

  • He sold 7 million shares of Moody's.

  • He sold 2 million shares of Ingersoll-Rand, about 25 percent of his stake in the industrial equipment company.

  • He sold 1 million shares of newspaper giant Gannett, which is based in McLean.

  • He sold 1 million shares of Richmond-based auto dealer CarMax.

  • He sold 900,000 shares of Exxon-Mobil.

  • Buffett more than doubled his holdings in Iron Mountain, an information-protection service.

  • He also more than doubled his holdings in solid-waste company Republic Services.

  • He bought 7 million additional shares of Wells Fargo.

  • Buffett increased his Wal-Mart position by 1 million shares.

    Follow me on Twitter at @theticker

  • By Frank Ahrens  |  February 16, 2010; 5:53 PM ET
    Categories:  Personalities , The Ticker , Wall Street  | Tags: ConocoPhillips, ExxonMobil, Johnson & Johnson, Procter & Gamble, Warren Buffett  
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