Although Buffett’s departure from P&G appears well-timed on the basis that the stock jumped to a new all-time earlier this week, it comes after several years of the stock being a laggard.
P&G is up 42.3% over the past five years, but over the same period, rival Colgate-Palmolive (NYSE: CL) is higher by almost 61% while XLP and the SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) are up an average of 73.5%.
Assuming no other changes, Berkshire’s equity portfolio still contains significant exposure to some big-name holdings in staples ETFs. In addition to Coca-Cola, Berkshire had stakes in Wal-Mart (NYSE: WMT), Costco (NasdaqGS: COST), Kraft (NasdaqGS: KRFT) and Mondelez International (NasdaqGS: MDLZ) at the end of the second quarter. Those five stocks combine for nearly 26% of XLP’s weight.
Consumer Staples Select Sector SPDR