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Institutional Investment Manager
Hikari Tsushin, Inc.
Hikari Tsushin, Inc. (CIK: 0001423673), located at Hikari West Gate Bldg., 4f, Tokyo, M0. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 32 holdings with a total value of $388,641,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 726 143,603,000 36.95%
2 WELLS FARGO & CO NEW 898,510 48,843,000 12.57%
3 COCA COLA CO 853,173 36,652,000 9.43%
4 INTERNATIONAL BUSINESS MACHS 145,500 20,024,000 5.15%
5 NOVO-NORDISK A S 276,570 16,063,000 4.13%
6 MICROSOFT CORP 286,100 15,873,000 4.08%
7 ALPHABET INC 19,080 14,844,000 3.82%
8 CISCO SYS INC 375,900 10,208,000 2.63%
9 JOHNSON & JOHNSON 99,360 10,206,000 2.63%
10 MEDTRONIC PLC 130,270 10,020,000 2.58%
11 DAVITA INC 134,730 9,392,000 2.42%
12 SANOFI 186,030 7,934,000 2.04%
13 VISA INC 101,598 7,879,000 2.03%
14 VARIAN MED SYS I 60,920 4,922,000 1.27%
15 INTUITIVE SURGICAL INC 7,570 4,134,000 1.06%
16 WAL-MART STORES INC 58,526 3,588,000 0.92%
17 ABBVIE INC 59,550 3,528,000 0.91%
18 PROCTER AND GAMBLE CO 40,220 3,194,000 0.82%
19 ABBOTT LABS 65,750 2,953,000 0.76%
20 PRAXAIR INC 22,000 2,253,000 0.58%
21 KRAFT HEINZ CO 28,972 2,108,000 0.54%
22 ECOLAB INC 16,296 1,864,000 0.48%
23 UNION PAC CORP 18,500 1,447,000 0.37%
24 REPUBLIC SVCS INC 32,200 1,416,000 0.36%
25 US BANCORP DEL 27,200 1,161,000 0.30%
26 MONDELEZ INTL INC 20,898 937,000 0.24%
27 AUTOMATIC DATA PROCESSING IN 10,400 881,000 0.23%
28 3M CO 5,600 844,000 0.22%
29 APPLE INC 7,975 839,000 0.22%
30 AMERICAN EXPRESS CO 9,200 640,000 0.16%
31 COSTCO WHSL CORP NEW 1,400 226,000 0.06%
32 CDK GLOBAL INC 3,466 165,000 0.04%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001423673-16-000012, filed 2016.02.10).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.