XLK’s top 10 holdings can be found here.

Berkshire Hathaway (BRK.B): Although I only purchased a single share of this company you would have to go back to 2003 to get a better price under $2600. The holding company guided by Warren Buffett and Charlie Munger has recently come under pressure as its derivatives come into question. Although I hold many of the same equities in my RSP (KO, JNJ, KFT, PG, SNY, WMT & WFC) Buffett is an investor able to take advantage of opportunities not offered to other investors such as his recent GE, GS and USG investments. Despite concerns over succession of the company when either Buffett or Munger step down I believe that there are enough competent managers running the businesses under the umbrella of BRK to provide meaningful value in the future. The market tends to discount Buffett on numerous occasions and as a student of his investing method I trust the old man still knows a lot more than me about value.

Becton Dickinson (BDX): This medical device, supply and systems company was removed from my Healthcare portfolio when it closed shop in 2007 and was something I eyed very closely in the recent market tumble. At $60 I couldn’t resist adding it into my RSP to compliment my holdings in BAX and JNJ. With the recent increase in the dividend of 15.8% and authorization for additional share repurchases (a rare move in recent months) the company is poised to grow over the long-term. I work directly with this company’s products daily and management in a top-down format are eager to receive constructive criticism on product development to improve patient care.

Whirlpool (WHR): I provided a stock analysis of WHR earlier in 2008 and nothing fundamentally has changed with this company as global growth slows. The company is well positioned in multiple markets to take advantage of an emerging middle class. They are focused on cost reductions, have a high level of goodwill, but an otherwise strong balance sheet. Paying over a 5% dividend and under 10x forward earnings when I purchased my second round of shares WHR offers excellent value for a company I intend to hold for the long-term.

Seaspan (SSW): This company has been completely trashed along with other global shipping stocks as credit concerns, shipping rates and the BDI (Baltic Dry Index) has plummeted. SSW is a company that owns and charters containerships through long-term fixed-rate leases to shipping companies. The company has secured financing on all current assets in development and has adequate protection from losses through contractual abilities. The current dividend yield on the company is stunning and through my analysis of the company has no material evidence of being cut. I have recognized the potential for a cut in my valuation, but have added to my position under $5 as I view this as a conservative long-term investment on emerging markets and globalization.