Baby Buffetteer Todd Combs Cruuuuuuushing It So Far

No I’m just kidding, but yeah, he’s doing okay with his first seven stock picks at Berkshire Hathaway (disclosure: I’m a shareholder as are my clients).

Here’s some color (Bloomberg via the Financial Post):

Todd Combs, Warren Buffett’s apprentice stock picker at Berkshire Hathaway Inc., posted gains on his first equity bets at the company by buying when markets fell and increasing stakes in investments that declined.

Purchases of seven stocks by Mr. Combs in the nine months ended Sept. 30 advanced almost 14 percent as of Dec. 31, according to data compiled by Bloomberg. The Standard & Poor’s 500 Index was little changed last year. Mr. Combs’s results were propelled by a 51% surge in holdings of MasterCard Inc., the world’s second-biggest payments network, and a 28% advance in an investment in retailer Dollar General Corp…

Ms. Combs spent about US$1.24-billion accumulating positions in seven companies in first three quarters of 2011, according to the data from filings distributed by the National Association of Insurance Commissioners. The holdings of CVS, Intel, Dollar General, MasterCard, Visa Inc., General Dynamics Corp. and DirecTV were valued at about US$1.41-billion at year-end.

Making daddy proud.  Not that Warren looks at anything over the course of three or six months…

Source:

Buffett’s apprentice makes strong debut (Financial Post)

Tags: $V $BRK-B $MA $GD $DTV $INTC $CVS

 hat tip ValueWalk

 

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