Regular investors routinely "coattail" the securities holdings of mutual funds, portfolio managers and high profile investors in hopes of generating a high rate of return, but, unfortunately, few professionals have truly been worth effort over long periods. They simply lack the ability to generate consistent and solid returns year in and year out. The exception, of course, is Warren Buffett.
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Buffett isn't an active trader who constantly darts in and out of stocks. His investing style can best be summed up as "", a strategy he likely picked up as a student of legendary investor . (To learn more, check out )
Eliminated by Buffett
Buffett does trim/eliminate his positions periodically. A stock's fundamentals do change over time and the strengths/competitive advantages that a company once had may no longer be around.
Here are 5 stocks that Buffett has eliminated from his holdings in the 4th quarter of 2010:
Back of America(NYSE:)
Comcast Corp. (NYSE:)
Nike, Inc. (NYSE:)
Nalco Holding Company (NYSE:)
Lowe\'s Companies Inc. (NYSE:)
How To Access His Holdings
One place to start is to review Buffett's annual letter to shareholders on the . In it he will detail holdings. Changes to holdings are made public quarterly and can be researched by perusing filings on the SEC . Also, sites such as can help you see the complete holdings of some of the world's great investors including Warren Buffet.
Mimicking Buffett is no guarantee of success. However, the last roughly 40 years have shown that following the Oracle's moves has generally been a pretty darn good idea.
For further reading, be sure to check out and .
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