Warren Buffett was a net seller of stocks over the last 12 months. However, he still initiated several new positions and added to existing holdings.

The legendary investor undoubtedly liked some of his picks better than others in retrospect. I certainly do. I've ranked every stock Buffett bought over the last 12 months. Before we get to the ranking, I'll give some insight into my thinking.

First, I excluded Berkshire Hathaway itself, although Buffett spearheaded some significant stock buybacks of his conglomerate. Second, I didn't factor in how the stocks have performed since Buffett bought them. Instead, I evaluated the stocks based on the total returns I expect them to deliver going forward. Third, valuation was an important consideration.

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Source Fool.com