저자: JasonFieber · 외국인
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워런 버핏이 2021년 3분기 big pharma(ABBV, BMY, MRK, OGN)를 대거 매도했지만, 이는 실수이며 장기 배당성장 투자자는 오히려 매수해야 한다는 주장. 버핏 버크셔의 3분기 13F 기준 ABBV 약 610만 주, BMY 약 430만 주, MRK 약 920만 주, OGN 약 150만 주 매도. MRK와 OGN은 전량 매도, ABBV·BMY는 대폭 축소. 버크셔는 2020년 3분기 제약주를 편입한 뒤 2021년 1~3분기 연속 매도했으며, 발표자는 2분기에도 제약주 매도를 실수라고 지적했음. 과거 2020년 4분기 은행주 매도(예: U.S. Bancorp)도 실수로 봤고, 해당 종목은 이후 약 60% 상승했다고 주장. ABBV는 9월 말 분석 당시 저평가 15%로 평가, 공정가치 약 123달러 추정 대비 현재 116달러대로 추가 상승 여지 언급. MRK는 9월 초 약 77달러에서 현재 80달러대로 상승, 공정가치 92.24달러 추정으로 저평가 주장. 제약주는 품질·성장·가치·배당수익률이 우수하고 헬스케어 구조적 성장 수혜가 있어 장기 배당성장 투자자에게 매수 대상이라고 결론. 발표자는 자신의 포트폴리오(패트리온 공개)로 배당 소득만으로 30대 초반에 은퇴했다고 소개하며 구독·유료 구독을 유도함.
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looking to make money moves like warren buffett want to know which stocks buffett is selling interested in finding out why these stock sales might be a huge mistake then you have to check out today's video he is a best-selling author 30 year old jason fever has a plan this guy retired at only 33 years old i don't know if i know too many people that have accomplished something like that he's really kind of a guru when it comes to passive income before i get into today's content if you want exclusive access to my personal six figure stock portfolio and alerts on any new investments i make check out the patreon link in the description below okay let me pay my respects right at the start warren buffett is a personal hero of mine i've fashioned many elements of my own life after buffets including the investing this has radically changed and improved every aspect of my existence however buffett is a human being and like any other human being out there he can and sometimes does make mistakes he might have recently done just that not only that this is a mistake that he might actually be repeating today i want to tell you why warren buffett might yet again be making a huge mistake by selling a certain group of stocks let's dig in buffett controls a 300 billion common stock portfolio within his conglomerate berkshire hathaway while he does have two investing lieutenants to help him manage money todd combs and ted weschler buffett is still the big boss who oversees everything while we can never say with certainty who is doing what with the portfolio at any given time the buck ultimately stops with buffett moreover no matter who's doing the buying and selling it still impacts buffett and all other berkshire hathaway shareholders so getting caught up in who's doing what is missing the point and the point here is buffett and co have recently been selling a particular group of stocks which i think is a huge mistake i'm talking about big pharma that's right berkshire hathaway significantly reduced their exposure to pharmaceutical businesses throughout q3 2021 they're moving out of big pharma in a big way we know this after seeing their most recently filed 13f so which pharma stocks did berkshire hathaway sell last quarter they sold slightly more than 6.1 million shares of abv inc stock ticker abbvv almost 4.3 million shares of bristol meyer squid coast stock ticker bmy nearly 9.2 million shares of mercanco inc stock ticker mrk and over 1.5 million shares of organ on and co stock ticker ogn the merck and organon positions were completely sold out of the positions in abbvie and bristol mars squib were substantially reduced by berkshire hathaway standards these stock sales are odd i say that because buffett is almost legendary with his holding period he's famously patient willing to hold on to investments for decades well berkshire hathaway initiated their positions in major pharma companies in q3 2020 they then started to cut back on their exposure almost immediately they spent q1 and q2 of this year selling abv bristol meyer squib they've now completely sold out of merck as well as its spin-off organon i've called this a mistake before and now i'm saying that they are repeating the mistake yep i noted berkshire hathaway's move out of big pharma when i put out a video covering their stock sales for q2 of this year i called the moves out of big pharma a mistake then and i think berkshire hathaway is repeating that same mistake since they're back at it again in q3 and selling big pharma once more this isn't the only time i've come out and said that they're making a big mistake by selling a certain group of stocks nope i actually put out a video back in february covering berkshire hathaway selling of bank stocks during q4 2020.
i tried to put those sales into context you have a backdrop of a portfolio that was arguably too aggressive with bank holdings in the first place and buffett is likely more interested in cementing his legacy than taking any outsized risks at his age furthermore there was even more uncertainty about the pandemic and its effects back then still i stated that i saw the bank stocks as long-term buys not cells that's right for instance berkshire hathaway reduced its holding in u.s bancorp stock ticker usb during q4 2020 and based on the age and size of the position i can almost guarantee you it was buffeted behind this move well i highlighted usb as an undervalued high quality dividend growth stock in august of 2020 right around the same time berkshire hathaway was trying to sell since i put that video out the stock is up nearly 60 percent should we follow in the footsteps of an investing giant here i don't think so not in this case look i've aimed to emulate buffett in so many ways throughout my life and i consider him a personal hero of mine one of my best memories is going to the berkshire hathaway annual meeting in 2015 for the 50th anniversary of warren buffett taking control of berkshire hathaway seeing warren buffett and charlie munger in person is something i'll never forget however i don't go through life with rose tinted glasses on believing that a personal hero is infallible once again i see berkshire hathaway's sells as buys as with the bank stocks a year ago i see big pharma as a group to be worth buying not selling some look more worth buying than others but it's very tough to call any of them outright sells here based on quality and valuation i'll give you a great example of what i mean i analyzed and valued abv in late september showing why i saw it as 15 undervalued at that time since that video came out during q3 it could have come out precisely when berkshire hathaway was selling abby shares were trading hands for a bit over 107 dollars each at that time abby shares are now going for over 116 each it's moved up some but my fair value estimate for the shears came out to a bit over 123 each so there could be more upside here i'll give you another example how about merck berkshire hathaway completely sold out of their merc position last quarter and maybe they did so when merc popped on the mole new peer reviewer news i don't know what i do know is at under 81 dollars a share merc looks like a fantastic deal to me i analyzed and valued merc in early september when it was trading hands for about seven dollars a share it's up a bit since then now at over eighty dollars a share but i see this as a high quality dividend growth stock that looks undervalued my fair value estimate in the video came out to ninety two dollars and twenty four cents if you are a long term dividend growth investor it's simple i see big pharma as right for investment many of these stocks like abv and merck offer a fantastic combination of quality growth value and yield and they're all consistently increasing their dividends year in and year out like clockwork there's almost nothing to dislike here with healthcare benefiting from secular growth these companies are cash machines i love buffett and i consider him to be the greatest investor of all time but i think long-term dividend growth investors ought to consider doing the opposite a buffett in the case of big pharma thanks so much for watching i hope you enjoyed today's video give us a like if you did and let us know in the comments what you think about buffett selling these stocks please make sure to subscribe to the channel and ring that notification bell so you don't miss out on new content also take a look at the description box below for some important links including the link to my personal stock portfolio this six figure portfolio which i call the fire fund generates enough passive dividend income for me to live off of it allowed me to retire in my early 30s i've made my portfolio entirely accessible over a patreon and i also post alerts there whenever i buy or sell a stock i put my money where my mouth is and i'm often invested in the same high quality dividend growth stocks that i make videos on over the years i've heard from thousands of investors who have been profiting from many the same exact stocks that i own so if you think this is something that you can benefit from as well check the link in the description to see my portfolio and start getting my buy and sell alerts i'll see you next time you
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