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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 (2017Q1)
Portfolio Summary: 29 holdings with a total value of $345,417,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 726 181,391,000 52.51%
2 WELLS FARGO & CO NEW 800,310 44,545,000 12.90%
3 INTERNATIONAL BUSINESS MACHS 178,500 31,084,000 9.00%
4 CISCO SYS INC 318,500 10,765,000 3.12%
5 VISA INC 101,598 9,029,000 2.61%
6 JOHNSON & JOHNSON 49,680 6,188,000 1.79%
7 ALPHABET INC 6,980 5,918,000 1.71%
8 MEDTRONIC PLC 65,130 5,247,000 1.52%
9 DANAHER CORP DEL 59,835 5,118,000 1.48%
10 NOVO-NORDISK A S 138,280 4,740,000 1.37%
11 DAVITA INC 67,360 4,578,000 1.33%
12 3M CO 22,000 4,209,000 1.22%
13 SANOFI 82,110 3,715,000 1.08%
14 ALLERGAN PLC 15,000 3,584,000 1.04%
15 PRAXAIR INC 28,600 3,392,000 0.98%
16 ROPER TECHNOLOGIES INC 15,600 3,221,000 0.93%
17 INTUITIVE SURGICAL INC 3,780 2,897,000 0.84%
18 KRAFT HEINZ CO 28,972 2,631,000 0.76%
19 ECOLAB INC 16,296 2,043,000 0.59%
20 REPUBLIC SVCS INC 32,200 2,022,000 0.59%
21 FORTIVE CORP 29,917 1,802,000 0.52%
22 ABBOTT LABS 32,870 1,460,000 0.42%
23 US BANCORP DEL 27,200 1,401,000 0.41%
24 APPLE INC 7,975 1,146,000 0.33%
25 AUTOMATIC DATA PROCESSING IN 10,400 1,065,000 0.31%
26 MONDELEZ INTL INC 20,898 900,000 0.26%
27 WABTEC CORP 11,100 866,000 0.25%
28 COSTCO WHSL CORP NEW 1,400 235,000 0.07%
29 CDK GLOBAL INC 3,466 225,000 0.07%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001423673-17-000003, filed 2017.05.12).

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.