Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway reduced its positions in several financial stocks in the fourth quarter, but didn’t sell any Apple shares. The Omaha, Neb., company continued to sell Bank of America, one of its biggest stockholdings, slashed its stake in Citigroup and unloaded part of its position in Capital One Financial, according to a regulatory filing made public after the market closed Friday. Berkshire unveiled a new position in Constellation Brands, which sells Modelo and Corona beer in the U.S., worth $1.2 billion at the end of December. It sold off its shares of Ulta Beauty. Observers of the famed stock picker were watching closely to see if Berkshire’s sales of Apple would continue for a fifth consecutive quarter. But Berkshire ended 2024 still holding 300 million shares of the consumer-electronics company. The stake, valued at $75.1 billion on Dec. 31, remained the sprawling conglomerate’s largest stockholding, followed by American […]

Ever since Berkshire Hathaway began selling stock in Apple and Bank of America during 2024, investors have wondered when it would stop. CEO Warren Buffett’s followers should get a fresh read on Berkshire’s holdings in Apple, Bank of America, and other stocks in its $300 billion equity portfolio late Friday. Berkshire, along with most other institutional investors, will disclose its equity holdings for U.S-listed companies in a 13-F filing with the Securities and Exchange Commission. The deadline is Friday, and Berkshire’s report likely will be released after the close of trading. The filing will also show any new stock purchases by Berkshire in the period, although investors looking for a big new holding could be disappointed. Buffett’s company did little buying and a lot of selling of stocks in the first three quarters of 2024. It bought just $5.8 billion of stocks while selling $133 billion, according to its third

Berkshire Hathaway had one of its worst days of relative performance versus the S&P 500 during the past year. Its Class A shares fell 1.6% Wednesday, compared with a 0.6% gain for the broader market. A variety of relatively minor factors, rather than a single piece of major news, seem to be behind the decline. While Reuters reported that Berkshire’s Pilot unit, the country’s largest operator of truck stops, was pulling out of the oil-trading business, that isn’t likely to have moved the needle. Even if there were some trading losses in that unit, they would likely be insignificant for Berkshire given its $1 trillion market value. Pilot had no immediate comment on any possible losses. It said it is “focused on delivering reliable fuel supply to our travel centers and wholesale customers across North America.” Berkshire’s Class A stock finished at $691,500, down 1.6% while the Class B shares

Andrew Bary Berkshire Hathaway was a major beneficiary of the sharp increase in short rates from 2022 through early this year but now stands to lose given the drop in short rates now unfolding with the Federal Reserve’s half-point cut in a key short rate Wednesday. Berkshire had the largest holdings of cash and equivalents of any U.S. company at $277 billion at the end of the June, compared with Apple at $153 billion and Alphabet at $101 billion. The bulk of Berkshire’s cash is invested in short-term Treasury bills which have maturities of under a year. Berkshire CEO Warren Buffett is partial to three and six-month T Bills that are auctioned weekly by the Treasury. Berkshire held $234 billion of T-Bills at the end of June. Berkshire’s interest and other investment income was up sharply in the first half of 2024, rising 80% to $4.5 billion before taxes from

Berkshire just disclosed in its latest SEC holdings filing that the stock it has been confidentially building an equity position in is property-casualty insurer Chubb Ltd (CB 253 ****). Berkshire disclosed that it owns some 25.9 million CB shares, worth about $6.6 billion, making the CB position a top-ten holding for Berkshire. Our view of CB is positive as well, and we believe the shares are undervalued versus peers. We expect CB shares to open higher tomorrow morning (May 16), as investors react to this news and speculate whether Berkshire will keep an equity stake in CB or pursue an outright acquisition. BRK’s current equity stake gives the firm exposure to one of the best performing financial sector subgroups at a below-peer valuation. We can’t speculate whether Berkshire would pursue an outright acquisition of CB, but we note their business mixes are highly complementary.

Berkshire just disclosed in its latest SEC holdings filing that the stock it has been confidentially building an equity positon in is property-casualty insurer Chubb Ltd (CB 253 ****). Berkshire disclosed that is owns some 25.9 million CB shares, worth about $6.6 billion, making the CB position a top-ten holding for Berkshire. Our view of CB is positive as well, and we believe the shares are undervalued versus peers. We expect CB shares to open higher tomorrow morning (May 16), as investors react to this news and speculate whether Berkshire will keep an equity stake in CB or pursue an outright acquisition. BRK’s current equity stake gives the firm exposure to one of the best performing financial sector subgroups at a below-peer valuation. We can’t speculate whether Berkshire would pursue an outright acquisition of CB, but we note their business mixes are highly complementary.

Berkshire just disclosed in its latest SEC holdings filing that the stock it has been confidentially building an equity positon in is property-casualty insurer Chubb Ltd (CB 253 ****). Berkshire disclosed that is owns some 25.9 million CB shares, worth about $6.6 billion, making the CB position a top-ten holding for Berkshire. Our view of CB is positive as well, and we believe the shares are undervalued versus peers. We expect CB shares to open higher tomorrow morning (May 16), as investors react to this news and speculate whether Berkshire will keep an equity stake in CB or pursue an outright acquisition. BRK’s current equity stake gives the firm exposure to one of the best performing financial sector subgroups at a below-peer valuation. We can’t speculate whether Berkshire would pursue an outright acquisition of CB, but we note their business mixes are highly complementary.

February 25, 2023 — Berkshire Hathaway(NYSE:BRK.A) Earnings (losses) of Berkshire Hathaway Inc. and its consolidated subsidiaries for the fourth quarter and full year of 2022 and 2021 are summarized below. Earnings (losses) are stated on an after-tax basis. (Dollar amounts are in millions, except for per share amounts). BERKSHIRE HATHAWAY INC. and Subsidiaries CONSOLIDATED STATEMENTS OF EARNINGS Approximately $2.6 billion was used to repurchase Berkshire shares during the fourth quarter bringing the total for the year to approximately $7.9 billion. Berkshire Hathaway (NYSE:BRK. A) In Q4 2022, the profit per EPS was $12,412, and the market expected a profit of $5,436.9, compared to a profit of $26,690 in the same period last year. Revenue in 2022 was $302.089 billion, compared to $276.094 billion in the previous year. The net loss in 2022 was $22.819 billion, and the net profit in the fourth quarter was $18.164 billion, compared to a profit of $39.646 billion in