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Berkshire Hathaway Inc

Berkshire Hathaway Inc (BRK.B)

483.48
-6.75
(-1.38%)
483.01
-0.47
(-0.10%)

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Key stats and details

Current Price
483.01
Bid
-
Ask
-
Volume
3,955,917
483.25 Day's Range 489.43
403.5501 52 Week Range 542.07
Market Cap
Previous Close
490.23
Open
489.42
Last Trade
84
@
483.01
Last Trade Time
Financial Volume
$ 1,921,269,735
VWAP
485.6699
Average Volume (3m)
5,413,610
Shares Outstanding
2,157,335,139
Dividend Yield
-
PE Ratio
11.72
Earnings Per Share (EPS)
41.25
Revenue
349.61B
Net Profit
89B

About Berkshire Hathaway Inc

Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm's core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group, and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown o... Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm's core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group, and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown off from these and its other operations over the years to acquire Burlington Northern Santa Fe (railroad), Berkshire Hathaway Energy (utilities and energy distributors), and the firms that make up its manufacturing, service, and retailing operations (which include five of Berkshire's largest noninsurance pretax earnings generators: Precision Castparts, Lubrizol, Clayton Homes, Marmon, and IMC/ISCAR). The conglomerate is unique in that it is run on a completely decentralized basis. Show more

Sector
Fire, Marine, Casualty Ins
Industry
Fire, Marine, Casualty Ins
Headquarters
Wilmington, Delaware, USA
Founded
-
Berkshire Hathaway Inc is listed in the Fire, Marine, Casualty Ins sector of the New York Stock Exchange with ticker BRK.B. The last closing price for Berkshire Hathaway was $490.23. Over the last year, Berkshire Hathaway shares have traded in a share price range of $ 403.5501 to $ 542.07.

Berkshire Hathaway currently has 2,157,335,139 shares outstanding. The market capitalization of Berkshire Hathaway is $1.06 trillion. Berkshire Hathaway has a price to earnings ratio (PE ratio) of 11.72.

BRK.B Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-9.66-1.96074451458492.67492.984833986746489.41046744CS
4-28.27-5.52925989673511.28512.0754834435966497.96625502CS
12-44.62-8.4566836609527.63542.07462.15413610512.14900299CS
2628.216.20272647318454.8542.07440.14850598497.39721638CS
5277.8319.2087467298405.18542.07403.55014327141475.44898778CS
156214.0179.5576208178269542.07259.853791536387.67930096CS
260299.98163.896628968183.03542.07174.634236597329.73469257CS

BRK.B - Frequently Asked Questions (FAQ)

What is the current Berkshire Hathaway share price?
The current share price of Berkshire Hathaway is $ 483.01
How many Berkshire Hathaway shares are in issue?
Berkshire Hathaway has 2,157,335,139 shares in issue
What is the market cap of Berkshire Hathaway?
The market capitalisation of Berkshire Hathaway is USD 1.06T
What is the 1 year trading range for Berkshire Hathaway share price?
Berkshire Hathaway has traded in the range of $ 403.5501 to $ 542.07 during the past year
What is the PE ratio of Berkshire Hathaway?
The price to earnings ratio of Berkshire Hathaway is 11.72
What is the cash to sales ratio of Berkshire Hathaway?
The cash to sales ratio of Berkshire Hathaway is 2.98
What is the reporting currency for Berkshire Hathaway?
Berkshire Hathaway reports financial results in USD
What is the latest annual turnover for Berkshire Hathaway?
The latest annual turnover of Berkshire Hathaway is USD 349.61B
What is the latest annual profit for Berkshire Hathaway?
The latest annual profit of Berkshire Hathaway is USD 89B
What is the registered address of Berkshire Hathaway?
The registered address for Berkshire Hathaway is 1209 ORANGE STREET, NEW CASTLE, WILMINGTON, DELAWARE, 19801
What is the Berkshire Hathaway website address?
The website address for Berkshire Hathaway is www.berkshirehathaway.com
Which industry sector does Berkshire Hathaway operate in?
Berkshire Hathaway operates in the FIRE, MARINE, CASUALTY INS sector

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BRK.B Discussion

View Posts
Prudent Capitalist Prudent Capitalist 2 weeks ago
New 2025 Fortune 500 rankings out based just on revenue, and not assets, are out and BRK is No. 6:

THE TOP TEN COMPANIES ON THE 2025 FORTUNE 500 LIST ARE:

Walmart
Amazon
UnitedHealth Group
Apple
CVS Health
Berkshire Hathaway
Alphabet
Exxon Mobil
McKesson
Cencora

https://fortunemedia.mediaroom.com/2025-06-02-Fortune-Announces-2025-Fortune-500-List
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Prudent Capitalist Prudent Capitalist 4 weeks ago
One of the smartest moves Warren Buffett ever made was bringing in Todd Combs and Ted Weschler to take over some of the investments and be in place for the long term when WB is gone. They were two of the most highly regarded investment managers in the Country at the time.
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EnchantedTitan62 EnchantedTitan62 4 weeks ago
I purchased a few more with my social security check today. Berkshire Hathaway - best money managers, no worries here. 🍷
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gfp927z gfp927z 4 weeks ago
Bar, Another factor in Berkshire's big outperformance in Q1 was that the broader stock market was in turmoil, so people were buying BRK as a safe haven, which bid up the price. But then the retirement announcement hit and removed some of that extra 'padding'.



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bar1080 bar1080 4 weeks ago
Agree. BRK shares were rather wildly hyped around SHM time with all the focus on Buffett's retirement and Greg Abel's ascension.
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Prudent Capitalist Prudent Capitalist 4 weeks ago
bar: all due respect, I submit that BRK is not really weak right now. Although it did drop from its all-time high in both A & B shares the day before the annual meeting and Warren's announcement, it is still +12.16% YTD and has outperformed most everything year-to-date here in 2025, including the S&P 500
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gfp927z gfp927z 4 weeks ago
Bar, >> UPS <<

That article makes a decent argument for UPS being the new Berkshire 'mystery stock'. With the previous mystery stock (Chubb), it took quite some time before the stock's identity was revealed, so we may have to wait a while. Buffett will continue to be Chairman at Berkshire, and he's likely to remain very actve.

Buffett on cigar butt investing vrs buying wonderful businesses -





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gfp927z gfp927z 4 weeks ago
>>> HEICO Corporation (NYSE:HEI)

https://finance.yahoo.com/news/heico-corporation-hei-most-crowded-200509519.html

Number of Hedge Fund Holders: 67

Short Interest: 4.02%

HEICO Corporation (NYSE:HEI) is an aerospace and defense company. Its stock has outperformed the market so far this year, but a high short interest is keeping investors on edge. HEI trades at a PE of 65, above its 5-year average of 60.4. This high valuation is in part driving the short sellers’ confidence, though the hedge funds aren’t buying the stock without reason either.

HEICO Corporation (NYSE:HEI) is one of those stocks where the active management itself has a stake. The Mendelson family has been running the company for well over three decades and hasn’t done a bad job. Moreover, the stock incentives structure for employees means every employee feels a part of the company, preferring to take stock when given the opportunity.

It is the future growth that is keeping the valuation high in HEICO’s case. The company’s Flight Support Group has grown at a long-term average of 7% while other segments have shown even better growth in the recent past. Operating margins continue to go up, once again demonstrating the management’s abilities. So, what are the short sellers looking at in the stock?

HEICO Corporation (NYSE:HEI) has a solid business, and its growth rate is impressive. However, the October quarter last year failed to deliver the expected numbers and could well have raised some short-term concerns. The management pinned it on inventory destocking, and short sellers are possibly thinking the high valuation wasn’t justified. The stock fell considerably in the months after that earnings announcement, but has almost regained all the losses, mainly due to the proven strength of the business.

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bar1080 bar1080 4 weeks ago
Interesting. My kids have long owned a chunk of UPS in their accounts, but as I recall the amount of shares BRK owns hasn't changed in years. UPS was a good investment for a number of years but it's been very soft after the shrike threat. I think UPS was too generous in settling with the workers. UPS shares peaked around $210 in 2021. The workforce may well be overpaid. I'll be following along.
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gfp927z gfp927z 4 weeks ago
Bar, >> BRK stock suddenly so weak <<

After Buffett's retirement announcement, Berkshire stock immediately dropped ~ 7%, and then pared that loss to 5%, approx where it is now. Because Berkshire owns so many companies that aren't publicly traded, trying to figure a 'net asset value' for Berkshire has always involved some guesswork, plus there is also a large added 'premium' value from having a proven genius, the Oracle, at the helm. So the premium component within the share price has been reduced. That would be my analysis anyway.

But Buffett will remain as Chairman, and the wholly owned companies aren't going to change anytime soon, nor are the biggest publicly traded holdings. But it still represents the end of an era, so the 'Buffett premium' is reduced.


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gfp927z gfp927z 4 weeks ago
The new Buffett 'mystery stock' -


>>> Warren Buffett Is Buying a Secret Stock Again -- and Based on Clues, This Is the Company I Believe He's Building a Position In


Motley Fool

by Sean Williams

May 19, 2025


https://www.fool.com/investing/2025/05/19/warren-buffett-is-buying-secret-stock-again-clues/


Key Points

Berkshire Hathaway published its Form 13F on May 15, which highlighted Warren Buffett's first-quarter buying and selling activity, as well as pointed to at least one stock with confidential treatment.

Confidential treatment allows Buffett to invest in a company at a favorable price without other investors piling in and driving up the premium.

An assortment of clues suggests a potential reunion with a former Berkshire Hathaway holding.

For the first time since 2023, the Oracle of Omaha is using the confidential tag to build a stake in a company without investors knowing which stock it is.

There's perhaps no event more anticipated by investors than the quarterly unveiling of what Berkshire Hathaway's mastermind CEO Warren Buffett has been up to on the investing front.

No later than 45 calendar days following the end to a quarter, institutional investors with at least $100 million in assets under management (AUM) are required to file Form 13F with the Securities and Exchange Commission. A 13F provides investors with a concise snapshot of what Wall Street's leading money managers have been buying and selling. With the Oracle of Omaha overseeing nearly $287 billion in AUM at Berkshire Hathaway, his company is absolutely required to file a 13F.

The filing deadline for first-quarter trading activity was May 15 -- and Buffett's company has a knack for filing its 13F after the closing bell on the deadline day.

As Berkshire Hathaway's first-quarter cash flow statement portended, it was a fairly active quarter. Buffett more than doubled his company's stake in alcoholic beverage company Constellation Brands (STZ) and continued to add to brand-name consumer favorite Domino's Pizza. On the other hand, Berkshire's chief further pared down his company's stake in Bank of America (BAC -0.32%) and completely sold out of Citigroup.

But it's not these now-published moves that are raising eyebrows on Wall Street. Rather, it's the confidential treatment tag that was applied to Berkshire Hathaway's latest 13F.

Warren Buffett is secretly building a position in a currently unknown company

From time to time, prominent money managers will request permission from regulators to forgo reporting the entirety of their respective funds' trading activity in order to quietly build a position in one or more investments. Since investors tend to ride Buffett's coattails and pile into any stock(s) he purchases, not disclosing which stock(s) he's buying should allow the Oracle of Omaha to build up Berkshire's stake at a more favorable price.

The last time Buffett leaned on the confidential treatment tag was following the midpoint of 2023. Berkshire's 13Fs for the third and fourth quarters of 2023 pointed to Buffett secretly building up his company's stake in a large financial stock, with Berkshire's 13F for the first quarter of 2024 revealing this company to be property & casualty insurer Chubb (CB). Buffett further increased Berkshire's holdings in Chubb following the eventual reveal.

Prior to Chubb, Buffett's reliance on confidential filings was rare. In 2020, he used this tag to quickly build multibillion-dollar positions in telecom titan Verizon Communications and integrated oil and gas giant Chevron, the latter of which remains one of Berkshire's top-five holdings by market value. A decade ago, he also used a confidential filing to build up a stake in Phillips 66.

The all-important question is: Which stock(s) is Warren Buffett buying?

Though there's no way to know this without direct word from the Oracle of Omaha himself or via Berkshire's 13Fs, there are some clues that allow for educated guesses to be made.

The Oracle of Omaha left us some clues about the secret stock he's buying for Berkshire

The biggest clue of what Berkshire's head honcho is up to can be found in Berkshire Hathaway's first-quarter operating results. On page 8, under "Investments in equity securities," you'll see a cost basis comparison between Dec. 31, 2024 and March 31, 2025 for three categories:

Banks, insurance and finance: $15.707 billion cost basis on 12/31 vs. $14.268 billion on 3/31.

Consumer products: $12.658 billion costs basis on 12/31 vs. $13.76 billion on 3/31.

Commercial, industrial and other: $47.141 billion cost basis on 12/31 vs. $49.097 billion on 3/31.

The decline in financials directly corresponds to Buffett's ongoing selling activity in Bank of America and the jettisoning of Citigroup stock. Meanwhile, the bulk of the cost-basis increase in consumer products can be explained by Berkshire acquiring approximately $1.1 billion worth of Constellation Brands in the March-ended quarter. Thus, Buffett's confidential stock must reside in the "commercial, industrial and other" segment.

Since we don't know the specific cost bases of most Berkshire investments, I "guestimated" (technical term here, folks) the average share price during the first quarter of the commercial and industrial companies Buffett's company bought and sold. For example, I came up with Berkshire spending roughly $285 million to add to its stake in Pool Corp., along with around $36 million for Occidental Petroleum and approximately $21 million for HEICO.

Based on this data, it suggests Buffett spent north of $1.6 billion piling into this secret stock during the first quarter. Given that Berkshire would have to report stakes in excess of 5% of all outstanding shares in a company, this signals that Berkshire's confidential stock is a large company -- likely in excess of $50 billion in market cap.

The last tidbit of information we get is Warren Buffett's unwavering desire to get a good deal. He's such a diehard value investor that he's gone cold turkey on buying back shares of his own company for nine consecutive months after spending nearly $78 billion to repurchase shares spanning 24 quarters (July 2018 – June 2024). You'd need to be looking for a company with a clear price dislocation amid a historically pricey stock market.

This could very well be Warren Buffett's confidential treatment stock

Admittedly, there are some broad-stroke assumptions to make here. For instance, while technology is encompassed under "other," Buffett isn't exactly tech savvy, which makes this sector highly unlikely. The same can be said for the healthcare sector.

Furthermore, taking into consideration how consistently Berkshire's chief has added to "indefinite" holding Occidental Petroleum since the beginning of 2022, I'd shy away from the idea that it's another drilling company that's caught his attention. I believe this narrows things down even further to the industrial sector.

President Donald Trump's tariff-induced market sell-off during the first quarter created a number of potentially intriguing entry points in industrial stocks for Buffett. The problem is there are three dozen industrial companies with market caps north of $50 billion, so it's a bit hard to really narrow things down... until you get into valuation.

Only three industrial stocks have forward price-to-earnings (P/E) ratios below 15, which would be a minimum line in the sand for "value" and price dislocations in the current market:

FedEx: forward P/E of 11.2

United Parcel Service (UPS): forward P/E of 12.5

Paccar: forward P/E of 12.8

The one factor that keeps me from thinking it's Paccar is simply the company's share price, which has rocketed higher over the last three years. Thus, my thought process leads me to believe Buffett is intrigued by a big-time logistics player.

While FedEx is, currently, the cheaper of the two, based on forward P/E, it's UPS -- a former Berkshire Hathaway holding -- that checks all the right boxes for Berkshire's chief.

UPS stock was absolutely clobbered in late January when the company outlined plans to reduce its volume with its top customer, Amazon (AMZN). Though this might sound a bit perplexing given the volume Amazon's online marketplace can generate for a logistics giant like UPS, it makes perfect sense if you focus on the company's longer-term vision. Whereas Amazon's deliveries are generally low-margin, UPS aims to focus its attention on higher margin services. In other words, you have a clear price dislocation due to a short-term concern that doesn't alter UPS's long-term growth prospects.

UPS also offers a sustainable competitive edge given its well-known brown trucks and its network that no other logistics company has matched. Few things excite Buffett more than a price dislocation in a brand-name business with a moat.

The cherry on top is that UPS has a hearty capital-return program. It returned $5.9 billion to its shareholders last year through dividends and share repurchases, and has a dividend yield of 6.5%!

When Buffett sold Berkshire's remaining UPS stake in 2023, shares of the company were hovering in the $170s or $180s. As of this writing, shares are trading hands for around $100, which is a level last seen consistently more than five years ago.

If I had to guess which company is the secret stock Warren Buffett is buying, I'd wager on a reunion with UPS.

<<<



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bar1080 bar1080 4 weeks ago
A Timely Question: Why is BRK stock suddenly so weak? Is it all those downgraded US gov't T-bills? Most of my other stocks are strong especially Boeing, Rockwell, MMM and John Deere.
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gfp927z gfp927z 4 weeks ago
Bar, Yes, having someone like Buffett doing the stock picking would be a prerequisite :o)







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bar1080 bar1080 4 weeks ago
Perhaps a new investor could find gold nuggets among small caps if he has Prof Ben Graham, a certified genius, as a partner. More likely the newbie would just encounter scam after scam, like on IHUB... rubbish like Babyf.

I was attracted to follow Babyf only because I was shocked by how worthless the stock seemed. Note that Babyf is now trading sub-penny which is about right for a foreign stock offering a product that's a simple mix of "Almonds, Buckwheat, and Tapioca."
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bar1080 bar1080 4 weeks ago
Buffett's first investment, at age 11, was Cities Service which was a large cap. Buffett tried all sorts of things early on, including horse racing. He owes much of his early success to one stock, GEICO, a quality investment.
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gfp927z gfp927z 4 weeks ago
>>> Occidental Petroleum -

5-19-25

https://www.morningstar.co.uk/uk/news/265114/5-warren-buffett-stocks-to-watch-after-berkshire-hathaways-latest-filing-.aspx

Morningstar Rating: 4 stars
Morningstar Economic Moat Rating: None
Morningstar Capital Allocation Rating: Standard
Industry: Oil & Gas E&P

Berkshire Hathaway owns 27% of Occidental Petroleum’s stock. Although Oxy is one of the world’s largest independent oil and gas producers, we don’t think it has carved out an economic moat—though we believe it’s on the cusp of earning its cost of capital, adds Morningstar director Josh Aguilar. We assign Oxy a $59 fair value estimate, and shares are trading 26% below that.

Here’s Morningstar’s take on Oxy’s business:

Occidental is one of the world’s largest independent oil and gas producers. Its upstream operations are spread across the US, Middle East, and North Africa. It has a consolidated midstream business, which provides gathering, processing, and transport services to the upstream segment, and it holds a majority equity interest in Western Midstream. The portfolio also includes a chemicals business, which produces caustic soda and PVC. The latter segment benefits from low energy and ethylene costs, while its profitability is determined by the strength of the broader economy.

The $55 billion Anadarko deal was a huge undertaking for Oxy, which itself had an enterprise value of about $50 billion at the time. The cash portion was partly financed with a $10 billion preferred equity investment from Berkshire Hathaway along with the proceeds from the sale of Anadarko’s Mozambique assets, which Total purchased for $3.9 billion in late 2019. While these arrangements left Oxy with a heavy debt burden prior to the pandemic, drastic measures helped management steady the ship, and the firm took full advantage of the subsequent rebound in commodity prices, generating enough cash to fully repair the balance sheet and pave the way for significant capital returns. The firm is obligated to match distributions above $4 per share annually with preferred equity redemptions.

The midstream segment also includes Oxy Low Carbon Ventures, which partners with third parties to implement carbon capture, storage, and utilization projects. This activity differentiates Occidental from most peers, which merely focus on curtailing their own emissions. Oxy’s experience sequestering carbon dioxide for enhanced oil recovery potentially enables it to go further. Management has ambitious plans to develop direct air capture facilities that should also generate incremental revenue.

Finally, Oxy closed the roughly $12 billion CrownRock acquisition in 2024, which provides Oxy a high-graded asset portfolio, allowing Oxy to add significant production capacity in the Midland Basin. While this acquisition comes at an elevated capital cost, we think it will help create firmwide operating efficiencies.

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gfp927z gfp927z 4 weeks ago
Summary of Berkshire stock changes - 2025 - Q-1

Constellation Brands (STZ) - add to existing
Domino's Pizza (DPZ) - add to existing
Heico (HEI) - add to exisitng
Occidental Petroleum (OXY) - add to existing
Pool (POOL) - add to existing
Sirius XM (SIRI) - add to exisitng
Verisign (VRSN) - add to existing
_________________

Bank of America (BAC) - reduced
Capital One Financial (COF) - reduced
Charter Communications (CHTR) - reduced
Citigroup (C) - sold entirely
Davita (DVA) - reduced
Liberty Media Formula One (FWONK) - reduced
Nu Holdings (NU) - sold entirely
T-Mobile (TMUS) - reduced


https://www.morningstar.co.uk/uk/news/265114/5-warren-buffett-stocks-to-watch-after-berkshire-hathaways-latest-filing-.aspx


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gfp927z gfp927z 4 weeks ago
Bar, Here are some Buffett comments on smaller caps (below). He started off investing in relatively small obscure companies, but eventually amassed so much money it forced him into larger caps. He said smaller companies are where the big profit opportunities are, and in the early days he was able to get 50% annual returns this way. Of course he's Buffett, and is extremely good at it, but he points out that regular investors can also find these great smaller investments, especially if they have specific knowledge of a particular sector, etc. Sounds great in theory, but still wise to have a sizable chunk in the S+P 500 index fund :o)






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bar1080 bar1080 4 weeks ago
Thanks GFP. My opinion as well. My CPA son just told me he added again to his VOO S&P 500 index fund. He also has QQQ and the DIA Dow etf,
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gfp927z gfp927z 4 weeks ago
Buffett on index funds -







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gfp927z gfp927z 1 month ago
Sage advice from the Oracle -


"The stock market is a device for transferring money from the impatient to the patient."

"If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes."

“You shouldn’t own common stocks if a 50 percent decrease in their value in a short period of time would cause you acute distress.”

"The first rule of an investment is don't lose money. And the second rule of an investment is don't forget the first rule. And that's all the rules there are."








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Prudent Capitalist Prudent Capitalist 1 month ago
This Warren Buffett Stock to Own Forever Is a Buy Today

Buffett expects to own some stocks indefinitely—and one of those stocks looks cheap today.
This Warren Buffett Stock to Own Forever Is a Buy Today

1. Occidental Petroleum OXY

What stock is that? It’s Occidental Petroleum OXY. Berkshire owns more than 28% of the company’s outstanding shares. Oxy is one of the world’s largest independent oil and gas producers. Buffett thinks the company’s leadership position in carbon capture initiatives could bear fruit, too. Morningstar doesn’t think Oxy has carved out an economic moat, due largely to the expensive acquisition of Anadarko Petroleum in 2019, which dented Oxy’s profitability. But management has been deleveraging the company’s balance sheet, and we think the books look better than they have in several years and that the company is on the cusp of consistently earning its cost of capital. The stock looks cheap today. We think Oxy’s stock is worth $59 per share.
https://www.morningstar.com/stocks/this-warren-buffett-stock-own-forever-is-buy-today-2
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gfp927z gfp927z 1 month ago
Bar, >> OXY <<

It will be interesting to see if Buffett continues to add to the OXY position at these lower levels. Berkshire can reportedly get up to ~ 49% of the outstanding shares. Being so sensitive to the oil price has hurt OXY in recent months, and the company has a relatively high level of debt. Also, the 'CO2 recapture' angle is no longer as compelling with Trump in office, and also the 'drill baby drill' side can depress the oil price. But those are the risks with the oil / gas sector.



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bar1080 bar1080 1 month ago
Thanks Gfp. I would have thought OXY was a bigger chunk of BRK now.
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gfp927z gfp927z 1 month ago
>>> What Does Berkshire Hathaway Own?


Motley Fool

By Frank Bass

Updated Jan 28, 2025


https://www.fool.com/investing/how-to-invest/stocks/what-does-berkshire-hathaway-own/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=4afc7ef3-7684-46ef-95cb-904f48908c12


Key Points

Berkshire Hathaway has $290 billion in 46 companies, focusing on long-term success.

Over 70% of its portfolio is in just six stocks, including Apple and American Express.

Berkshire reduced stocks by $133 billion but still holds $325 billion in cash.

What does Berkshire Hathaway (BRK.A -0.45%)(BRK.B -0.59%) own? Shares in a surprisingly small number of companies, as it turns out. Warren Buffett's Nebraska-based holding company has $290 billion invested in only 46 publicly traded companies. Read on to find out more about the Oracle of Omaha’s holdings.

Berkshire Hathaway is known for its outstanding return on investments. If you'd bought Berkshire Class A stock when Buffett took over the company in the mid-1960s, your return through 2023 would have been about 4,380,000%.

The return is even more impressive when you consider that Berkshire has accomplished it with relatively few investments. Instead, Buffett focused on a long-term buy-and-hold strategy, buying stocks in well-managed companies with a good chance of succeeding and holding them over the long term.

As Buffett once put it in a letter to his shareholders, "Never count on making a good sale."

Still, Buffett hasn't totally sat on his hands over the last year. Berkshire has been trimming its holdings lately. Berkshire sent a shot across the bow of Wall Street, reducing its stock holdings by $133 billion in the first nine months of 2024.

According to the company's Form 13F, Berkshire has been a net seller of stocks over the last six quarters. Meanwhile, its cash holdings have grown to $325 billion, more on the sidelines than Berkshire has ever reserved.

The increasing amount of cash held by Berkshire, however, doesn’t mean it's getting out of the stock-picking business. Around 70% of the company's portfolio is invested in just six stocks.

Major Berkshire holdings

1. Apple

Apple (AAPL 5.18%): Buffett has joked that Berkshire is a tech company simply because of the massive number of Apple shares it owns. At the end of 2023, Berkshire held more than 915 million shares of the tech giant, with an estimated value of $168 billion -- more than five times the value of any other holding and almost 6% of the company.

Even so, the company trimmed its Apple holdings in the fourth quarter of 2023, selling about 1%. The pace of selling accelerated rapidly during the first nine months of 2024, as Buffett reduced his Apple holdings by two-thirds to an estimated value of $71.1 billion.

Despite the sales, Apple is still Buffett's largest holding, making up almost 25% of the Berkshire portfolio.

2. American Express

American Express (AXP 4.19%): Through the first nine months of 2024, American Express accounted for 15.3% of Berkshire's assets, making it Buffett's second-largest holding. It's another financial stock that Buffett has touted over the years, largely because it benefits from both facilitating transactions and loaning money.

The financial giant does especially well when the economy is growing, but its focus on well-off consumers -- who are less likely to change their spending when the economy isn't doing so well -- helps it to thrive in most economic climates.

Shares of the bank soared in 2024, rising 58.4% on strong earnings per share (EPS) growth and the addition of about 3 million credit cards to its already robust network.

3. Bank of America

Bank of America (BAC 3.35%): Berkshire reported cutting almost one-quarter of the 1 billion shares of Bank of America stock that it owned at the end of 2023. Buffett has been a believer in bank stocks for many years, and Bank of America's size and scale have made it an attractive stock for investors.

Even though the banking industry as faced headwinds from charge-offs rising and high interest rates putting a damper on loan demand, the bank is still Berkshire's third-largest holding, with shares valued at $34 billion. As inflation slows, however, the bank may see a rebound from consumer spending even as competition intensifies.

4. Coca-Cola

Coca-Cola (KO -2.01%): The Atlanta-based beverage giant is another one of Buffett's longest-held positions. Buffett has made it clear he doesn't have any plans to sell Coca-Cola stock; the Dividend King has proven its resilience, even as inflation prompted many consumers to curb their grocery spending.

Buffett's affinity for Coca-Cola stock isn't just professional; he described himself as "one-quarter Coca-Cola" to Fortune in 2015, claiming the beverage accounts for 25% of his daily caloric intake. It's another example of one of his wise investment maxims: Buy stock in companies whose business you understand and appreciate.

Berkshire held $24.4 billion of Coca-Cola stock, or 9.3% of its outstanding shares.

5. Chevron

Chevron (CVX 1.53%): With a few exceptions, the oil and gas industry has fallen on hard times. In the 1980s, the sector made up almost 30% of the S&P 500; these days, it hovers around 3%. Despite the uncertainty prompted by a transition to low-carbon fuels, Buffett has increased his holdings in Chevron, betting that the energy industry will recover from a rough few years.

As of the third quarter of 2024, Berkshire owned about 118 million shares of Chevron, a slight drop from the previous year but still almost 6.3% of its entire portfolio and almost 7% of Chevron's outstanding shares. Chevron is the second-largest oil company in the United States.

6. Occidental Petroleum

Occidental Petroleum (OXY 3.72%): One of two energy stocks owned by Berkshire, Occidental is heavily focused on upstream production, which makes it highly susceptible to falling crude oil prices. It also reported $24.1 billion in net debt, a not-inconsiderable sum even for a major oil company. In addition, disruption caused by the Russian invasion of Ukraine and Middle East tensions have failed to make a substantial dent in the global supply.

Buffett's bet on Occidental, however, is looking smarter by the day. An increasing global appetite for oil and a lack of exploration make it possible that there will be a gap between supply and demand.

Buffett owns about $15.1 billion in Occidental stock, more than 28% of its outstanding shares. He picked up 8.9 million additional shares in the week before Christmas 2024 as the oil company's stock sagged 24% for the year.

Berkshire Hathaway Holdings, Jan. 15, 2025. Source: CNBC.

Company Symbol Holdings Stake Price Value Portfolio %


Apple AAPL 300,000,000 2.00% $236.85 $71,055,000,000 24.50%

American Express AXP 151,610,700 21.50% $293.30 $44,467,418,310 15.30%

Bank of America BAC 766,305,462 9.99% $45.11 $34,568,039,391 11.90%

Coca-Cola KO 400,000,000 9.30% $61.07 $24,428,000,000 8.40%

Chevron CVX 118,610,534 6.60% $153.14 $18,164,017,177 6.30%

Occidental Petroleum OXY 264,178,414 28.20% $51.30 $13,552,352,638 4.70%

Moody’s MCO 24,669,778 13.60% $452.81 $11,170,722,176 3.80%

Kraft Heinz KHC 325,634,818 26.90% $28.51 $9,283,848,661 3.20%

Chubb CB 27,033,784 6.70% $257.71 $6,966,876,475 2.40%

Davita DVA 36,095,570 44.00% $153.40 $5,537,060,438 1.90%

Itochu Corp. 8001:TYO 118,331,800 7.50% $46.62 $5,516,698,752 1.90%

Mitsubishi 8058:TYO 358,492,800 8.90% $15.71 $5,633,555,710 1.90%

Mitsui & Co 8031:TYO 250,044,600 8.40% $19.40 $4,851,233,056 1.70%

Citigroup C 55,244,797 2.90% $71.40 $3,944,478,506 1.40%

Kroger KR 50,000,000 6.90% $59.12 $2,956,000,000 1.00%

VeriSign VRSN 13,289,880 13.80% $207.08 $2,752,068,350 0.90%

Visa V 8,297,460 0.40% $307.71 $2,553,211,417 0.90%

Amazon AMZN 10,000,000 0.10% $218.94 $2,189,400,000 0.80%

Sirius XM Holdings SIRI 117,468,573 34.60% $20.83 $2,446,870,376 0.80%

Marubeni Corp. 8002:TYO 141,000,200 8.50% $14.16 $1,996,281,050 0.70%

Mastercard MA 3,986,648 0.40% $504.67 $2,011,941,646 0.70%

Sumitomo Corp. 8053:TYO 101,210,400 8.40% $20.59 $2,084,272,000 0.70%

BYD Co. BYDDF 54,200,142 4.90% $32.02 $1,735,488,547 0.60%

Aon AON 4,100,000 1.90% $349.51 $1,432,991,000 0.50%

Capital One Financial COF 9,100,000 2.40% $175.29 $1,595,139,000 0.50%

Ally Financial ALLY 29,000,000 9.50% $34.19 $991,510,000 0.30%

Charter Communications CHTR 2,821,879 2.00% $334.89 $945,019,058 0.30%

Liberty Live Series C LLYVK 10,917,661 17.20% $66.48 $725,806,103 0.30%

Nu Holdings NU 86,438,997 1.80% $10.95 $946,507,017 0.30%

T-Mobile US TMUS 4,672,000 0.40% $211.30 $987,193,600 0.30%

Domino’s Pizza DPZ 1,277,256 3.70% $402.33 $513,878,406 0.20%

Liberty Formula One Series C FWONK 7,722,451 3.50% $91.23 $704,519,205 0.20%

Louisiana-Pacific LPX 5,964,793 8.50% $105.09 $626,840,096 0.20%

Heico Corp Class A HEI.A 1,049,687 1.30% $177.92 $186,760,311 0.10%

Liberty Live Series A LLYVA 4,986,588 19.50% $64.59 $322,083,719 0.10%

Atlanta Braves Holdings Series C BATRK 223,645 0.40% $36.10 $8,073,585 0.00%

Diageo DEO 227,750 0.00% $118.23 $26,926,883 0.00%

Jefferies Financial Group JEF 433,558 0.20% $71.48 $30,990,726 0.00%

Lennar Corp Class B LEN.B 152,572 0.50% $124.33 $18,969,277 0.00%

Liberty Latin America Series A LILA 2,630,792 6.50% $6.51 $17,126,456 0.00%

Liberty Latin America Series C LILAK 1,284,020 0.80% $6.48 $8,320,450 0.00%

NVR NVR 11,112 0.40% $7,845.22 $87,176,085 0.00%

Pool Corp POOL 404,057 1.10% $326.40 $131,884,205 0.00%

SPDR
S&P 500 ETF Trust SPY 39,400 0.00% $580.49 $22,871,306 0.00%

Ulta Beauty ULTA 24,203 0.10% $418.23 $10,122,421 0.00%

Vanguard S&P 500 ETF VOO 43,000 0.00% $533.89 $22,957,270 0.00%


Other Berkshire holdings

The six stocks above make up more than 70% of Berkshire's total holdings -- but there's more. Near the end of 2024, Berkshire held billion-dollar stakes in another 19 companies, ranging from consumer staples to technology stocks. Here are some smaller holdings:

Kraft Heinz (NYSE:KHC): Buffett admits that the purchase of Kraft Heinz stock initially didn't quite work out as hoped. The company's stock fell 9% in 2023 and another 18% in 2024, even as the S&P 500 rose.

Still, Berkshire hasn't walked away from the company that provides staples ranging from Kraft Mac and Cheese to Maxwell House, and there's hope for the future. It's overhauling its logistics structure to save $2.5 billion by the end of 2027 and had already identified about $1 billion in potential savings.

Moody's (MCO 2.29%): Best known as a ratings agency, Moody's has been a part of Berkshire's portfolio for almost a quarter-century. The company has little major competition outside of S&P Global and Fitch Ratings, giving it a huge advantage and immense pricing power.

Moody's has everything that Buffett searches for in an investment: a competitive edge, strong management, a leading position, excellent profitability, strong recurring revenue, and a high free cash flow. Not including dividends, Berkshire's stake in Moody's is up more than 4,600% from its reported cost basis.

Mitsubishi (MSBHF -0.24%): On the surface, a Japanese trading house might not be one of the first investments you think about when you consider options for Berkshire Hathaway. But it's a big component of Buffett's portfolio, which now holds about 8% of the conglomerate.

Why? Easy. Like other large Berkshire holdings, Mitsubishi has been in business for a long time (since 1870), indicating stability. It's a bargain, with shares trading at roughly nine times trailing 12-month earnings. And finally, it's incredibly diversified, owning almost 1,700 companies in 10 industries, spreading risk better than most exchange-traded funds (ETFs).

Mitsui & Co. (MITSF -0.49%). Buffett increased his holdings in Japan's five biggest trading houses in 2023, with Mitsui becoming his 10th-largest holding. It's one of five sogo shosha (trading houses) Buffett first bought in 2020. The company recently raised its net profit estimate for the fiscal year, based on asset sales and a promising outlook for its liquefied natural gas (LNG) business.

Like Mitsubishi, Mitsui is a diversified giant that owns companies involved in chemicals, steelmaking, life insurance, construction, banking, engineering, and even brewing. Berkshire has said it hopes to increase its stake to 9.9% of each of the five major trading houses, just shy of the country's 10% approval threshold for foreign investment.

Smaller Berkshire investments

Using "small" to describe billion-dollar holdings would be laughable in almost any other context, but the sheer size of Buffett's largest holdings almost reduces these holdings to a rounding error.

Although Apple is one of the ultimate tech stocks, Buffett has also dedicated a significant amount of cash to a couple of other tech-focused companies. Berkshire has:

$2.2 billion invested in Amazon (AMZN 7.26%), holding a miniscule 0.1% of the company’s outstanding shares.

$2.7 billion in VeriSign (VRSN -1.31%), accounting for 13.8% of the company.

Besides Mitsui and Mitsubishi, Buffett also held major stakes in:

Marubeni Corp. (MARUY 1.41%), with $2 billion in stock, about 8.5% of outstanding shares.

Itochu Corp. (ITOCF 0.21%), with $5.5 billion, about 7.5% of shares.

Sumitomo Corp. (SSUM.F 0.0%), with $2.1 billion in shares, about 8.4% of outstanding shares.

Other major investments in financial stocks include:

$3.9 billion of Citigroup (C 5.02%) stock, about 2.9% of outstanding shares.

$2.6 billion in Visa (V 0.47%), 0.4% of the company.

$2 billion in Mastercard (MA 0.8%) stock, or 0.4% of outstanding shares.

$1.6 billion of Capital One (COF 6.83%), 2.4% of the company.


Buffett has made several investments in media centered on:

Liberty Formula One Series C (FWON.K 0.61%), $704.5 million or 3.5% of outstanding shares.

Liberty Live Series C (LLYV.K 2.04%), $725.8 million, about 17.2% of the company.

Liberty Live Series A (LLYV.A 2.31%), $322.1 million, or 19.5% of outstanding shares.

Liberty Latin America Series A (LILA -2.67%), $17.1 million, or 6.5% of the company.

Liberty Latin America Series C (LILA.K -3.29%), $8.3 million, or 0.8% of outstanding shares.

Sirius XM Holdings (SIRI 1.58%), with $2.4 billion in holdings, or 34.6% of the company’s outstanding shares.

It's also worth noting that Buffett has only one major healthcare holding, DaVita (DVA -0.39%), a dialysis provider that controls more than one-third of the U.S. market. The Denver-based company focuses on treating end-stage renal disease, an affliction that is becoming more common as the U.S. population ages. Buffett held more of DaVita's shares than any other stock, with $5.5 billion invested in 44% of the company's outstanding shares.

What companies could Buffett buy in the future?

It's hard to predict which stocks Berkshire Hathaway might add since Buffett favors very long-term buy-and-hold positions. The Oracle of Omaha tends to favor companies that have been around for a very long time -- like a century, in the cases of American Express and Coca-Cola.

Having said that, there may be a few options in areas where Buffett has focused, such as finance, energy, and consumer staples:

U.S. Bancorp (USB 4.4%) is one-quarter the size of Bank of America. It has $74.9 billion in market capitalization, making it the fifth-largest U.S. bank. Unlike its larger siblings in the banking industry, it was relatively unscathed by the 2007-09 financial crisis. It has a decent dividend yield of almost 4.2% and trades at 14.7 times this year's expected earnings.

Buffett values stable companies with predictable revenue, which means Enbridge (ENB -4.08%) might be a good fit if he decides to add to Berkshire's energy holdings. The Canadian pipeline and utility company reports that 98% of its earnings come from cost-of-service arrangements and long-term contracts, which means it's not affected by oil and gas prices.

If Buffett is searching for an established, well-run company with a lengthy history, he might consider adding IBM (IBM 0.66%) shares to the Berkshire portfolio. True, Big Blue struggled over much of the last decade, selling off low-margin units for cash that it then spent on buybacks rather than business improvements. The company appears to be stabilizing, though, buoyed by investments in AI that helped its shares climb 44% when including reinvested dividends.

The bottom line on companies Berkshire Hathaway owns

Past performance is no guarantee of future results. Even so, a 4,384,748% return over a lifetime of investment isn't something to dismiss. The vast majority of investors could do worse than following Buffett's example of investing in stable, well-run, established companies that focus on core businesses.

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bar1080 bar1080 1 month ago
"Restaurant Stock (PTLO) Is Up About 10% Since a Member of the Audience Mistakenly Asked About It at Berkshire Hathaway's Annual Meeting" "Buffett was gracious but visibly confused by the question. And that's because Berkshire Hathaway didn't acquire Portillo's and has never invested in the stock -- it's not among the things that Berkshire Hathaway owns."

"And, again, Berkshire Partners isn't Berkshire Hathaway."

https://finance.yahoo.com/news/undervalued-restaurant-stock-10-since-080300553.html
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gfp927z gfp927z 1 month ago
It looks like Buffett / Berkshire are getting closer to being net buyers of stocks again (see below). 2024 was the big net selling year, but so far this year they are only slightly net negative. Buffett hasn't been buying back Berkshire shares either (for 3 quarters), but to do share buybacks he reportedly likes to see the Price / Book ratio under 1.2, but it's currently 1.69 (as of Mar 31).


Q4 2022: $14.64 billion in net-equity sales

Q1 2023: $10.41 billion
Q2 2023: $7.981 billion
Q3 2023: $5.253 billion
Q4 2023: $0.525 billion

Q1 2024: $17.281 billion
Q2 2024: $75.536 billion
Q3 2024: $34.592 billion
Q4 2024: $6.713 billion

Q1 2025: $1.494 billion

__________________________




---
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bar1080 bar1080 1 month ago
Over many periods BRK was a mediocre performer which is one reason I never put my kids in it. I've made far more profit in CTAS over the past 30 or so years. I and my kids made spectacular profits SLOWLY in index funds such as the Vanguard Total Stock Market Index fund and QQQ. I've had some wonderful runs in growth stocks like Rockwell Automation and Rockwell Collins. Too, had several spinoffs that worked out very well (like Carrier).

Unlike most IHUB "players," i've owned very few stinkers. I'm an investor, not a stock gambler like 98% of IHUBers. I only buy quality issues.
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Prudent Capitalist Prudent Capitalist 1 month ago
If you invested $1,000 in Warren Buffett’s Berkshire Hathaway 10 years ago, here’s how much you’d have now:
Here’s how much a $1,000 investment in Berkshire Hathaway would be worth today, depending on when that investment was made — based on its May 8 closing price for Class B shares.

If you invested one year ago:
Percentage change: 26.3%
Total: $1,263

If you invested 10 years ago:
Percentage change: 246.1%
Total: $3,461

If you invested 20 years ago:
Percentage change: 817.8%
Total: $9,178
https://www.cnbc.com/2025/05/09/what-an-investment-in-berkshire-hathaway-10-years-ago-is-worth-now.html?msockid=1fefd4828a93610e1a9fc7d88bf16038
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pepeoil pepeoil 1 month ago
One of my large holdings as well. Used the little dip Monday to increase the position. I doubt there will be much change, Old Warren probably has not done much in a few years and the new guy has been steering this ship for a while
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EnchantedTitan62 EnchantedTitan62 1 month ago
The end of an era. BRKb is my largest holding, have had for 20+years. Didn't attend this years meeting but as I watched on CNBC I felt it might be his last as CEO. Quite certain he'll be voicing his opinion/wisdom occasionally. God bless him.
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Prudent Capitalist Prudent Capitalist 1 month ago
The meeting ended with a bang and very long standing ovation after Warren Buffett concluded the meeting with an announcement know only to his 2 children on the Board prior to this, that at tomorrow's Board meeting he will recommend to the Board that Greg Abel take over as CEO affective at the end of this year.
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gfp927z gfp927z 1 month ago
Bar, >> Japanese trading houses
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bar1080 bar1080 1 month ago
I heard that GFP, and thought of the brief period you owned them. I woke up late today, have guests coming later. But may well listen to almost the entire SHM.

">>> Berkshire endorses Japanese trading houses, could hold them 'forever.'"
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gfp927z gfp927z 1 month ago
>>> Berkshire endorses Japanese trading houses, could hold them 'forever'


Reuters

by Jonathan Stempel

May 3, 2025


https://finance.yahoo.com/news/berkshire-endorses-japanese-trading-houses-152101286.html


OMAHA, Nebraska (Reuters) -Warren Buffett on Saturday gave a full-throated endorsement to the five Japanese trading houses in which his conglomerate Berkshire Hathaway has invested.

Buffett spoke at Berkshire's annual shareholder meeting in Omaha, Nebraska, 1-1/2 months after Berkshire said it raised its stakes in Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo to as high as 9.8%.

Berkshire's investments in the companies had totaled $23.5 billion at the end of 2024.

"In the next 50 years, we won't give a thought to selling those," Buffett said. "We have been treated extremely well by the five companies.... Our main activity is just to cheer and clap."

Greg Abel, a Berkshire vice chairman who is expected to succeed Buffett as chief executive, added that he envisioned Berkshire owning the trading houses for 50 years "or forever."

"We're building relationships," he said, "and we really hope to do big things with them."

Known as "sogo shosha," Japanese trading houses trade in a variety of materials, products and food, often serving as intermediaries, and provide logistical support.

They are also deeply involved in the real economy in such areas as commodities, shipping and steel.

Berkshire began investing in the trading houses in 2019, and revealed 5% ownership stakes on Buffett's 90th birthday the following August.

Buffett prefers to avoid businesses he says he does not understand, and has likened the trading houses to his own conglomerate.

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EnchantedTitan62 EnchantedTitan62 2 months ago
My largest and longest holding, 20+ yrs. Tomorrow @730 am CDT live coverage with Warren. Attended many many years ago. 🍷
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Prudent Capitalist Prudent Capitalist 2 months ago
BRK hitting new ATH's this am. Great coverage live from Omah on CNBC already today and more coming up in a few minutes.
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sunspotter sunspotter 2 months ago
Assuming he outlives him, that is. With The Sage of Omaha I wouldn’t necessarily want to bet on it.
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Prudent Capitalist Prudent Capitalist 2 months ago
Warren Buffett's successor is a deal-making business whiz who never misses his son's hockey games

https://omaha.com/news/local/business/article_5a02fb17-e783-4060-8e8e-d270cd70e019.html#tracking-source=mp-homepage

Excellent article about Greg Abel, Vice Chairman of BRK who will replace Warren Buffett some day.
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bar1080 bar1080 2 months ago
"LOL I was a sucker for conglomerates in my early investing days. Owned Gulf and Western Industries and Ling-Temco-Vought ( I think). The "Trading Houses" of their time... 1960s, 1970s." Many years later I learned to shun Wall Street fads and my results took off.
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bar1080 bar1080 2 months ago
LOL I was a sucker for conglomerates in my early investing days. Owned Gulf and Western Industries and Ling-Temco-Vought ( I think). The "Trading Houses" of their time... 1960s, 1970s.
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gfp927z gfp927z 2 months ago
Itochu - >>> Current business overview

https://en.wikipedia.org/wiki/Itochu

Itochu's business has eight major operational divisions, "Division Company".[5]

Textile Company: Itochu trades in raw materials and finished apparel, and also has a brand business.[6] It owns a portfolio of investments and rights in well-known fashion brands including Converse, Hunting World, LeSportsac, Mila Schön and Paul Smith. In 2018, Itochu acquired the Japanese Master License and exclusive distribution rights for the Laura Ashley brand.[7]

Machinery Company: Includes plant projects, marine, aerospace, automotive, construction/industrial machinery and healthcare.[8] In the automotive sector, Itochu is a shareholder of Yanase, Isuzu, and Mazda. In the infrastructure sector, Itochu partnered with Toshiba and Hitachi to supply infrastructure for the first expressway in Vietnam, the North–South Expressway between Hanoi and Ho Chi Minh City.[9] Itochu is also a partner in supplying rolling stock for the MTR in Hong Kong[10] and for New Generation Rollingstock passenger rail in Queensland, Australia.[11] It is a minority investor in the Sarulla geothermal power project in Indonesia[12] and has partnered with Mitsubishi Heavy Industries and Engie to develop the $15.8 billion Sinop Nuclear Power Plant in Sinop, Turkey.[13]

Metals & Minerals Company: Engages in mining and ore trading, steel and non-ferrous metal trading, coal and nuclear fuel trading and solar power.[14] Furthermore, the “Carbon Neutral Management Section” was established in April, 2021, directly under the Metal & Mineral Resources Division in order to promote the developments in areas such as Hydrogen & Ammonia and CCUS (Carbon dioxide Capture, Utilization and Storage). In addition, the Steel Business Coordination Department, which is directly overseen by the Metals & Minerals Company, provides support for Marubeni-Itochu Steel Inc. in the field of steel products.[15]

Energy & Chemicals Company: consists of 3 divisions: the Energy Division, the Chemicals Division and the Power & Environmental Solution Division. The Energy Division handles trading of general energy-related products, including crude oil, petroleum products, LPG, LNG, natural gas and hydrogen, as well as developing related projects. This Division also undertakes projects in oil & gas exploration, development and production.[16] Trades in oil and gas and a wide range of chemical products such as methanol, PTA and fertilizers.[17]

Food Company: Handles production, processing and distribution of various foodstuffs.[18] Two major group businesses are FamilyMart, acquired from Seiyu in 1998,[19] and Dole Food Company, which sold its worldwide packaged foods and Asia fresh produce businesses to Itochu for $1.7 billion in cash.[20] Itochu is also a strategic partner of COFCO in China[21] and owns an export grain terminal in Longview, Washington.[22] As of 2020 Itochu was one of the three largest global tuna traders along with Tri Marine of Italy and FCF of Taiwan.[23]

General Products & Realty Company: consists with the Forest Products, General Merchandise & Logistics Division and the Construction & Real Estate Division. The Forest Products, General Merchandise & Logistics Division deals with North American building materials, pulp, natural rubber, tires, and the distribution business including third-party logistics (3PL) and international transportation. The Construction & Real Estate Division deals with the construction materials business that handles wood products and OEM materials, the real estate development business that develops mainly residential housing and logistics facilities, and the real estate investment and building operation and management business.[24] A recent major acquisition in this division is WECARS, a major Japanese car retailer. Formerly known as Big Motor, the company was purchased by Itochu for ÂĄ60 billion ($391 million) after scandal forced the company to rebrand.[25]

ICT & Financial Business Company: consists with the ICT Division and the Financial & Insurance Business Division.[26]

The 8th Company: collaborates with the other seven Business Companies.[27]

...In September 2020, Warren Buffett's Berkshire Hathaway announced that it had acquired over 5% of the stock in the company, along with four other Japanese trading houses, over the 12-month period ending in August 2020.[60] By April 2023, Berkshire increased the stake to 7.4%.[61]



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bar1080 bar1080 2 months ago
Thanks for those posts GFP. This should be a very active period here with the SHM Saturday. I always especially welcome posts related to the five japanese trading houses.
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gfp927z gfp927z 2 months ago
Japanese conglomerates - >>> Warren Buffett Loaded Up on These Stocks As the Market Sank. Should You Buy Them Too?


by Keith Speights

Motley Fool

April 24, 2025


https://finance.yahoo.com/news/warren-buffett-loaded-stocks-market-084800341.html


Circle May 15 on your calendars. That's when we should find out all the stocks Warren Buffett bought for Berkshire Hathaway's portfolio during the first quarter of 2025, when the markets were highly turbulent.

However, we don't have to wait until Berkshire's mid-May 13F filing to know at least some of the legendary investor's moves in Q1. We already know that Buffett loaded up on several stocks as the market sank.

Buffett's international favorites

Sometimes, Berkshire reveals its trades via Form 4 regulatory filings to the U.S. Securities and Exchange Commission (SEC) well before it submits a 13F filing. That's what happened in Q1, with the conglomerate disclosing that it bought additional shares of Verisign in January and Sirius XM Holdings and Occidental Petroleum in early February. I won't discuss these purchases in detail, though, because the S&P 500 wasn't declining when they were made.

The initial market sell-off began later in February as concerns rose about the Trump administration's tariffs. This decline erupted into a full-blown correction in April following the president's announcement of steep reciprocal tariffs on nearly every country. While we don't know yet if Buffett bought stocks in April, he did buy five stocks during the early part of the S&P 500's plunge.

Japanese regulatory filings revealed that Berkshire added to its positions in Itochu (OTC: ITOCF) (OTC: ITOCY), Marubeni (OTC: MARUF) (OTC: MARUY), Mitsubishi (OTC: MSBHF) (OTC: MTSU.Y), Mitsui (OTC: MITSF) (OTC: MITSY), and Sumitomo (OTC: SSUM.F) (OTC: SSUM.Y) in March. All five companies are Japanese trading houses known as "soga sosha."

These stock purchases shouldn't have come as a surprise to anyone. Buffett mentioned the Japanese companies in his annual letter to Berkshire Hathaway shareholders released on Feb. 22, 2025, writing, "Over time, you will likely see Berkshire's ownership of all five increase somewhat."

Why Buffett likes these Japanese stocks

Buffett has been a net seller of stocks for nine consecutive quarters. What does he like so much about these five Japanese stocks that made him want to buy more shares as the market tanked?

For one thing, Buffett understands their businesses. All five companies are conglomerates that operate in a wide range of industries. It's no coincidence this description sounds similar to Berkshire itself.

When Berkshire first invested in these Japanese stocks in 2019, Buffett was attracted to their low valuations. I suspect that's still the case. Itochu trades at a price-to-earnings ratio of 10.5 -- and it's the most expensive of the group. Sumitomo's and Mitsubishi's earnings multiples are 9.72 and 9.52, respectively. Marubeni and Mitsui are even cheaper with shares trading at 8.21 and 7.82 times trailing 12-month earnings, respectively.

Buffett wrote to Berkshire shareholders earlier this year that he and his designated successor as CEO of Berkshire Hathaway, Greg Abel, "like their capital deployment, their managements and their attitude in respect to their investors." In particular, he pointed out the Japanese conglomerates' approaches to dividend increases, stock buybacks, and executive compensation.

The "Oracle of Omaha" stated in his 2023 letter to Berkshire shareholders that Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo were among a select group of stocks he expected to "maintain indefinitely." He reaffirmed this view in his most recent shareholder letter, writing, "I expect that Greg and his eventual successors will be holding this Japanese position for many decades and that Berkshire will find other ways to work productively with the five companies in the future."

Should you buy these stocks too?

I'm always leery of even the appearance of suggesting that anyone buy a stock solely because a famous investor bought it. Your investment objectives, risk tolerance, and financial resources will almost certainly differ from Buffett's and Berkshire Hathaway's.

For example, Berkshire is borrowing yen to finance its investments in these Japanese stocks. Its dividend income in 2025 from the five trading houses should be in the ballpark of $812 million, compared to an interest cost of its yen-denominated debt of around $135 million. That's the kind of financial transaction most retail investors won't be able to swing.

That said, the underlying reasons Buffett likes these Japanese stocks are good reasons for other investors to like them. Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo have solid business models. Their stocks are attractively valued. All five pay dividends that should add to their total returns over the long run. I think these qualities make the stocks Buffett bought as the market sank good picks for quite a few other investors, too.

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gfp927z gfp927z 2 months ago
>>> HEICO Corporation (HEI): A Bull Case Theory


Insider Monkey

by Ricardo Pillai

April 24, 2025


https://finance.yahoo.com/news/heico-corporation-hei-bull-case-132232800.html


We came across a bullish thesis on HEICO Corporation (HEI) on Substack by Bulls On Parade. In this article, we will summarize the bulls’ thesis on HEI. HEICO Corporation (HEI)'s share was trading at $242.70 as of April 23rd. HEI’s trailing and forward P/E were 59.93 and 57.14 respectively according to Yahoo Finance.

Heico Corporation (HEI) represents one of those rare investment gems that quietly compounds value over decades, eschewing flashy narratives for disciplined execution and relentless focus on niche dominance. Founded in 1957 in Hollywood, Florida, Heico started modestly as a maker of aerospace components. But it was in the 1990s, under the stewardship of the Mendelson family—Laurans, Larry, and Victor—that the company’s real transformation began. Laurans Mendelson, now Chairman, saw the potential to specialize in high-margin, low-competition aerospace and defense niches, laying the groundwork for what is now a $36 billion market cap powerhouse. Heico’s rise has been anything but meteoric; it’s the product of a slow, steady strategy built on consistency, operational excellence, and a laser focus on where it can be indispensable.

The company operates in two primary segments: the Flight Support Group (FSG), which designs and manufactures FAA-approved aftermarket aircraft parts, and the Electronic Technologies Group (ETG), which produces specialized electronics for aerospace, defense, and industrial applications. While FSG serves as the steady cash generator, giving airlines cost-effective, high-quality alternatives to OEM parts, ETG caters to defense contractors and government agencies with advanced, often mission-critical electronics. Heico’s strength lies in its ability to dominate carefully selected niches, where it can build long-term customer relationships and face limited competitive pressure. This niche-first strategy is supported by a robust acquisition engine—Heico has completed over 70 acquisitions since the '90s, all small, profitable businesses that slot seamlessly into its ecosystem without requiring massive integration overhauls. The approach is surgical, not scattershot, and the results speak for themselves.

What truly sets Heico apart, however, is its capital allocation. With a net debt-to-EBITDA ratio now down to 2.06x from 3.04x a year ago, the company demonstrates a prudent approach to leverage. Rather than indulging in aggressive debt-fueled expansion or flashy shareholder payouts, Heico channels its cash into expanding its core operations, funding R&D, and making disciplined, accretive acquisitions. It pays a token dividend—just $0.22 annually, yielding under 0.1%—but this is by design. The management team, led by the Mendelsons, prefers to reinvest excess capital to drive compounding returns over the long haul, and given their track record, it’s hard to argue with the approach.

Heico’s most recent earnings for Q1 fiscal 2025, ending January 31, underscored the strength of this strategy. Net income jumped 46% year-over-year to $168 million, or $1.20 per diluted share, while revenue climbed 8% to record levels. FSG was the standout, delivering 15% revenue growth and a 35% increase in operating income, driven by 12% organic growth and smart acquisitions. ETG, while facing temporary headwinds from inventory destocking, remains well-positioned with a strong backlog and pipeline. Importantly, operating cash flow remains robust, ensuring ample liquidity for continued M&A activity. Management has reiterated its bullish outlook, highlighting a healthy acquisition funnel and broad customer demand across both segments.

Of course, the one point that might give investors pause is valuation. With shares trading around $260, Heico commands a trailing P/E of 64 and a forward P/E of 55—premium territory by any measure. Analysts expect 13.4% annual EPS growth and 10.3% revenue growth over the next few years, and the stock's average price target of $270 suggests modest upside. Still, Heico’s PEG ratio of 3.32 reflects a quality premium more than speculative froth. For investors focused on long-term compounding and business quality, this valuation may be justified. The company’s nearly five-decade dividend history and consistent earnings expansion lend further credibility to its durability.

In essence, Heico isn’t trying to be the next big disruptor—it’s content being the steady performer, the business that just works. It’s not going to make headlines, but it will likely continue doing what it has always done: find defensible niches, dominate them quietly, allocate capital smartly, and let the results speak. In a market saturated with hype and volatility, Heico offers something rare—reliability, predictability, and patient compounding. For those willing to embrace the boring brilliance of a business built for the long haul, Heico might just be the kind of quiet giant worth owning.

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gfp927z gfp927z 2 months ago
>>> Verisign first-quarter revenue rises on strong demand for domain names


Reuters

April 24, 2025


https://finance.yahoo.com/news/verisign-first-quarter-revenue-rises-211500802.html


(Reuters) - Internet services company Verisign reported a 4.7% rise in first-quarter revenue on Thursday, driven by steady demand for domain registrations as businesses build their online presence.

An increasing number of businesses are acquiring and renewing domain names, which helps them reach a larger audience. This trend is benefiting domain registry service providers like Verisign.

The company reported revenue of $402.3 million for the quarter ended March 31, up from $384.3 million a year ago.

Verisign primarily manages the domain-name registries for two of the internet's most valuable domains – .com and .net, and also operates two of the 13 global internet root servers.

The Reston, Virginia-based company posted a quarterly net profit of $199.3 million, or $2.10 per share, up from $194.1 million, or $1.92 per share, reported last year.

Verisign processed 10.1 million new domain name registrations for .com and .net in the first quarter, compared with 9.5 million a year ago.

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bar1080 bar1080 2 months ago
Nice to see the two BRK share classes trading virtually identically in these tuff times, as they usually do.
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DiscoverGold DiscoverGold 2 months ago
$BRK.B $1.2 Million Call
By: Cheddar Flow | April 15, 2025

🔸 "Buy American, I am".



Read Full Story »»»

DiscoverGold
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bar1080 bar1080 2 months ago
I've only bought one BRK SHM product, the Warren Buffett Brooks Athletic Shoe that was issued around SHM time several years ago. At $160 it certainly wasn't discounted. It was to be sold at the meeting but they had some left over and sold to the general public. Had a sketch of Warren on the shoe sole and the letters "BRK" printed on the back.
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Prudent Capitalist Prudent Capitalist 2 months ago
Shareholder pricing typically last for a month-6 weeks surrounding the meeting and is explained in the annual meeting materials. Borsheims will honor shareholder pricing pretty much year-round. So, you have a Weber gas grill. We had one of those years ago at my parents' home. I like to grill with real charcoal, and people love that when we entertain and grill out. When anyone asks me why I like to mess with charcoal and getting it started my reply is that it takes one adult beverage to get the grill set up and another to get the charcoal going and another to cook the meat. Yes, I believe they have a lot of bar stools. NFM is the largest furniture retailer in the world under one roof. They have a huge barbecue out in the parking lots over the weekend of the meeting, although I have never been to that event.
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