Moody’s (NYSE: MCO)
First Shares Purchased: n/a > Date Sold: several transactions > Amount Made: n/a > % Gain: n/a Buffett purchased 488 million shares of Moody’s at a cost basis of $499 million. Buffett’s initial holdings in Moody’s were only 15% of outstanding shares. According to Berkshire Hathaway’s 2008 report, shareholder buybacks from the ratings agency had increased the portion of the shares to 20% of the company’s total. At the end of 2006, the market value of Buffett’s shares was $3.3 billion. His most recent holdings showed a reduction in holdings, 28.87+ million shares, down from 30.783 million. Despite the losses, it is plain the Moody’s deal has still been lucrative for Buffett. Even if the value of his original position had been halved since 2007, which is unlikely, Buffett’s realized and unrealized gains would be $351 million and roughly a 70% increase.
(AP Photo/Henny Ray Abrams)