If you don’t know Lou Simpson (Trades, Portfolio), you should. He was the former investment manager at GEICO and Warren Buffett (Trades, Portfolio) spoke highly about him many times. Mr. Simpson just reported his third quarter portfolio. He buys Liberty Global PLC, Valeant Pharmaceuticals International Inc, U.S. Bancorp, Charles Schwab Corp, Brookfield Asset Management Inc, Oracle Corporation, Wells Fargo & Co, Berkshire Hathaway Inc, Crown Holdings Inc, sells TE Connectivity Ltd during the 3-months ended 09/30/2014, according to the most recent filings of his investment company, SQ Advisors, LLC. As of 09/30/2014, SQ Advisors, LLC owns 13 stocks with a total value of $2.6 billion. These are the details of the buys and sells.
For the details of Lou Simpson (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Lou+Simpson
This is the sector weightings of his portfolio:
| Financial Services | 39.4% |
| Industrials | 15.4% |
| Communication Services | 12.2% |
| Technology | 10.2% |
| Healthcare | 9.2% |
| Real Estate | 7% |
| Consumer Cyclical | 6.7% |
These are the top 5 holdings of Lou Simpson (Trades, Portfolio)
1. Berkshire Hathaway Inc (BRK.B) - 2,216,667 shares, 11.8% of the total portfolio. Shares added by 1.64%
2. Wells Fargo & Co (WFC) - 5,754,537 shares, 11.5% of the total portfolio. Shares added by 1.78%
3. Oracle Corporation (ORCL) - 6,924,339 shares, 10.2% of the total portfolio. Shares added by 3.21%
4. United Parcel Service Inc (UPS) (UPS) - 2,608,081 shares, 9.9% of the total portfolio. Shares reduced by 0.68%
5. Valeant Pharmaceuticals International Inc (VRX) - 1,815,916 shares, 9.2% of the total portfolio. Shares added by 12.4%
New Purchase: Liberty Global PLC (LBTYK, Financial)
Lou Simpson (Trades, Portfolio) initiated holdings in Liberty Global PLC. His purchase prices were between $39.71 and $43.35, with an estimated average price of $41.64. The impact to his portfolio due to this purchase was 6.7%. His holdings were 4,220,678 shares as of 09/30/2014.
Sold Out: TE Connectivity Ltd (TEL, Financial)
Lou Simpson (Trades, Portfolio) sold out his holdings in TE Connectivity Ltd. His sale prices were between $57.87 and $64.97, with an estimated average price of $62.28.
Added: Valeant Pharmaceuticals International Inc (VRX, Financial)
Lou Simpson (Trades, Portfolio) added to his holdings in Valeant Pharmaceuticals International Inc by 12.4%. His purchase prices were between $106.73 and $130.26, with an estimated average price of $118.9. The impact to his portfolio due to this purchase was 1.01%. His holdings were 1,815,916 shares as of 09/30/2014.
Added: U.S. Bancorp (USB, Financial)
Lou Simpson (Trades, Portfolio) added to his holdings in U.S. Bancorp by 7.05%. His purchase prices were between $40.68 and $43.59, with an estimated average price of $42.22. The impact to his portfolio due to this purchase was 0.55%. His holdings were 5,114,744 shares as of 09/30/2014.
Added: Charles Schwab Corp (SCHW, Financial)
Lou Simpson (Trades, Portfolio) added to his holdings in Charles Schwab Corp by 6.19%. His purchase prices were between $27.09 and $30.78, with an estimated average price of $28.34. The impact to his portfolio due to this purchase was 0.44%. His holdings were 6,661,439 shares as of 09/30/2014.
Added: Brookfield Asset Management Inc (BAM, Financial)
Lou Simpson (Trades, Portfolio) added to his holdings in Brookfield Asset Management Inc by 6.41%. His purchase prices were between $43.7 and $48.41, with an estimated average price of $46.07. The impact to his portfolio due to this purchase was 0.42%. His holdings were 4,031,685 shares as of 09/30/2014.
Added: Oracle Corporation (ORCL, Financial)
Lou Simpson (Trades, Portfolio) added to his holdings in Oracle Corporation by 3.21%. His purchase prices were between $38.44 and $41.9, with an estimated average price of $40.52. The impact to his portfolio due to this purchase was 0.32%. His holdings were 6,924,339 shares as of 09/30/2014.
Added: Wells Fargo & Co (WFC, Financial)
Lou Simpson (Trades, Portfolio) added to his holdings in Wells Fargo & Co by 1.78%. His purchase prices were between $49.7 and $53.36, with an estimated average price of $51.41. The impact to his portfolio due to this purchase was 0.2%. His holdings were 5,754,537 shares as of 09/30/2014.
Added: Berkshire Hathaway Inc (BRK.B, Financial)
Lou Simpson (Trades, Portfolio) added to his holdings in Berkshire Hathaway Inc by 1.64%. His purchase prices were between $125.43 and $141.28, with an estimated average price of $133.23. The impact to his portfolio due to this purchase was 0.19%. His holdings were 2,216,667 shares as of 09/30/2014.
Added: Crown Holdings Inc (CCK, Financial)
Lou Simpson (Trades, Portfolio) added to his holdings in Crown Holdings Inc by 2.99%. His purchase prices were between $44.91 and $51.47, with an estimated average price of $48.13. The impact to his portfolio due to this purchase was 0.19%. His holdings were 3,875,876 shares as of 09/30/2014.
Here is the complete portfolio of Lou Simpson. Also check out:
1. Lou Simpson's Undervalued Stocks
2. Lou Simpson's Top Growth Companies, and
3. Lou Simpson's High Yield stocks
4. Stocks that Lou Simpson keeps buying
