Looking at the holdings of mutual funds can be a useful tool for investors. The Sequoia Fund (home page) is closed to new investors. It is run by managers who share the investment philosophies of Benjamin Graham and Warren Buffett. Looking at their top holdings (link), it is no surprise that Berkshire Hathway (the Buffett holding company) is their largest holding.
Other stocks on the Sequoia list include PGR (which I own), TJX, FAST, WMT, IDXX, EXPD, WAG. What these stocks have in common are what all Buffett/Graham type stocks will have: stable business models, sound management, decent balance sheets.
Nice up day today. I still expect the major averages to retest their recent lows. However, there are some opportunities in the mean time.
Current positions, all hedged longs:
BBY, EWJ, KMX, JPM, MAR, MCD, PGR, VLO
No comments:
Post a Comment