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WOOHOOOOOOOOOOOO Don’t rest in peace thief Warren Buffett is a thief
Sad news awesome news he was a thief 🤜🤛😎👍
Berkshire Hathaway Class A shares yield over 4,400,000% return since Buffett takeover
By: Investing | November 27, 2023
OMAHA - Berkshire Hathaway (NYSE:BRKa) (NYSE:BRK.A)(NYSE:BRK.B), the conglomerate helmed by CEO Warren Buffett, has seen its Class A shares achieve a staggering return of more than 4,400,000% since Buffett's takeover in the mid-1960s. Known as the "Oracle (NYSE:ORCL) of Omaha," Buffett has guided the company through numerous economic cycles, transforming it into a Wall Street behemoth.
Buffett's investment strategy, focusing on value investing and holding onto stocks for the long term, has been a cornerstone of Berkshire Hathaway's success. Under his leadership, the company has grown from a struggling textile manufacturer to a diversified powerhouse with holdings in insurance, energy, transportation, and consumer goods, among other sectors.
The monumental growth of Berkshire Hathaway's stock is a testament to Buffett's investment prowess and the compound power of long-term investing. The company's Class A shares are some of the most expensive individual stock units on the market, reflecting the enormous value that has been generated over the decades.
Investors and analysts alike continue to watch Berkshire Hathaway closely, as its performance is often seen as an indicator of the broader market's health. The remarkable return on Berkshire Hathaway's Class A shares underscores the impact that strategic leadership and a patient, disciplined investment approach can have on a company's fortunes.
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Berkshire Hathaway Sells Entire Stake in Procter & Gamble
By: Investing | November 25, 2023
Berkshire Hathaway (NYSE:BRKa), the conglomerate managed by Warren Buffett, has offloaded its entire investment in consumer goods giant Procter & Gamble (NYSE:PG) (P&G), despite the company's strong financial track record. In the third quarter, Berkshire liquidated approximately $7 billion in equities, including its full stake in P&G, a company known for its 67-year history of consistent dividend payments and robust cash flow.
The decision to sell comes even as P&G maintains a solid reputation in the market, characterized by a wide economic moat—a term used to describe a company's ability to maintain competitive advantages over its rivals to protect its long-term profits and market share. This move by Berkshire Hathaway might raise eyebrows among investors, given P&G's status as a Dividend King, a title awarded to companies with at least 50 consecutive years of dividend increases.
Despite Berkshire Hathaway's divestment, market signals indicate that Procter & Gamble continues to be considered a viable purchase option for investors looking for stable returns and resilience in their portfolios. The sale of such a significant holding is likely to attract attention from the investment community, as stakeholders assess the implications of Berkshire's latest strategic adjustments.
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Berkshire Hathaway sells entire stake in Paytm for Rs 1,370 crore
By: Investing | November 24, 2023
Berkshire Hathaway (NYSE:BRKa) has divested its entire holdings in Indian digital payment firm Paytm, selling shares worth Rs 1,370 crore ($168.6 million) at a price of Rs 877.2 each. The transaction saw prominent buyers such as Copthall Mauritius Investment and Ghisallo Master Fund stepping in to acquire the shares.
This move comes as India's financial landscape continues to evolve with the government emphasizing human development indicators (HDI) and sustainable development goals (SDGs) in its financial allocations to states. In the corporate arena, women are taking on more visible roles in boardroom disputes across India Inc, signaling their ascending leadership positions within the industry.
In related business developments, Tesla (NASDAQ:TSLA) has signaled its willingness to commit $2 billion to establish a manufacturing plant in India, contingent upon the government providing concessions on import duties.
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Berkshire Hathaway eyes new investment, may add Progressive to portfolio
By: Investing | November 24, 2023
Warren Buffett’s leadership at Berkshire Hathaway (NYSE:BRKa) has been marked by a notable compounded annual growth rate of 20% since 1965. Today, the conglomerate's latest confidential filing has sparked curiosity in the financial world with a suggested $1.7 billion investment in an undisclosed company. This move mirrors Buffett's history of making strategic acquisitions, such as those of Chevron (NYSE:CVX) and Verizon Communications (NYSE:VZ) in 2020.
The intrigue deepens as Berkshire Hathaway has recently adjusted its portfolio. The firm reduced its stakes in companies like Globe Life (NYSE:GL), Markel (NYSE:MKL), and Aon (NYSE:AON), while simultaneously increasing its investments in the financial sector by $1.2 billion. Speculation is rife that Progressive Corporation (NYSE:PGR) might be Berkshire's latest target for investment.
Progressive is renowned for its disciplined underwriting practices initiated by Peter B. Lewis in 1965, which have led to an average loss ratio significantly lower than that of GEICO, a subsidiary of Berkshire. Ajit Jain, who has been at the helm of Berkshire’s insurance operations since 1986, has praised Progressive's telematics-based pricing model for contributing to these low loss ratios.
While the market anticipates confirmation from Berkshire’s fourth quarter filings due next February, Progressive is already being recognized as a lucrative investment opportunity. If Buffett and Vice Chairman Charlie Munger’s previous commendations are anything to go by, Progressive’s robust management and competitive edge could soon place it within Berkshire Hathaway’s diverse and carefully curated investment portfolio.
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Buffett's Berkshire Hathaway sees opportunity in Ally Financial amid rate hikes
By: Investing | November 22, 2023
Warren Buffett's investment conglomerate, Berkshire Hathaway (NYSE:BRKa), maintains a significant stake in Ally Financial (NYSE: NYSE:ALLY), valued at approximately $798 million. Despite the auto financing sector being hit by rising interest rates, which has led to a decline in Ally's stock value, Berkshire Hathaway owns nearly 10% of the company. This move signals Buffett's recognition of an undervalued opportunity in the market.
Ally Financial operates a branchless digital banking model, which has been instrumental in offering competitive interest rates to customers while keeping operational costs low. This strategy has contributed to the company amassing over $161 billion in assets and achieving an impressive customer retention rate of 96%. The bank's innovative approach was rewarded with a top industry accolade this year.
Buffett is drawn to Ally due to its valuation at just 86% of tangible book value, along with its strong dividend history. Since mid-2016, Ally has increased its dividend payouts by 275%, showcasing robust financial health even as challenges persist. These challenges include tighter net interest margins and a rise in loan delinquencies, which are indicative of broader economic strain.
Nonetheless, analysts remain optimistic about Ally's future profitability, projecting an increase in earnings per share (EPS) from $3.16 in 2023 to $3.83 in 2024. The bank has also set aside $508 million for credit losses, reflecting prudent financial management during uncertain times.
Berkshire Hathaway itself boasts an impressive annual yield of around 20%, translating to cumulative returns of 3,787,464%. The firm's substantial investment in Ally Financial comes amid a period where the company's value has been slashed by half due to the impact of high-interest rates on the auto loan industry. Despite these headwinds, the consensus among Wall Street analysts supports a positive outlook for Ally Financial's path to profitability recovery.
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Warren Buffett and Berkshire Hathaway’s $BRK.B portfolio was just updated!
By: Savvy Trader | November 17, 2023
• NEW: Warren Buffett and Berkshire Hathaway’s $BRK.B portfolio was just updated!
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Warren Buffett's Berkshire Hathaway has OMITTED reporting one or more holding(s) from its Form #13F filing for Q3
By: HedgeMind | November 15, 2023
• Warren Buffett's Berkshire Hathaway has OMITTED reporting one or more holding(s) from its Form #13F filing for Q3.
It made a confidential treatment request from the SEC as disclosed in its filing.
What stock(s) would Warren Buffett be silently accumulating now?? I wonder.
Make your guess...
Will follow up later when Warren Buffett reveals his big bets in its future filing.
$AAPL Warren Buffett's Berkshire Hathaway purchased more shares & increased its total shares to 895,136,175, 5.65% of O/S as of 12/31.
— HedgeMind (@HedgeMind) February 14, 2023
His $AAPL position has gained ~$112B, up 290%+. $AAPL represents ~42% of its portfolio of US exchanged equities.
What a winner!!! https://t.co/sCnRcJ8aGN pic.twitter.com/n4CZqqm36p
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Warren Buffett's Portfolio Has Been Updated
By: Evan | November 15, 2023
• WARREN BUFFETT'S PORTFOLIO HAS BEEN UPDATED!!
Here's all the changes Warren Buffett and Berkshire Hathaway $BRK.B made during Q3
Positions fully sold:
- Celanese $CE (Sold 5.36M shares currently worth $674.1M)
- General Motors $GM (Sold 22M shares currently worth $620.4M)
- Mondelez $MDLZ (Sold 578K shares currently worth $49.5M)
- Johnson & Johnson $JNJ (Sold 327.1K shares currently worth $48.4M)
- Procter & Gamble $PG (Sold 315.4K shares currently worth $48M)
- $UPS (Sold 59.4K shares currently worth $8.5M)
- Activision Blizzard $ATVI (Got acquired by MSFT, sold 14.7M shares worth $1.4B at the price it got taken private at)
Positions reduced holdings in:
- Chevron $CVX (Sold 12.9M shares currently worth $1.87B)
- $HPQ (Sold 18.4M shares currently worth $519.5M)
- Markel $MKL (Sold 312.9K shares currently worth $429.2M)
- Globe Life $GL (Sold 1.68M shares currently worth $199.2M)
- Amazon $AMZN (Sold 551K shares currently worth $80.8M)
- $AON (Sold 235K shares currently worth $78.3M)
New Positions:
- Sirius XM $SIRI (Bought 9.68M shares currently worth $47.3M)
- Atlanta Braves $BATRK (Bought 223.6K shares currently worth $8M)
Positions increased holdings in:
- Liberty Media $LLYVK $LLYVA (Bought 16.2M shares currently worth $580.2M)
NOTES:
- Warren Buffett's equity portfolio was worth $318.6 Billion as of the end of Q3
- Buffett's portfolio was updated as of the end of Q3 so these are the changes made to his portfolio from June 30th to September 30th
- We don't know exactly when the shares were sold during Q3 so the current worth part should be taken as just estimates so you can get a ballpark range on the value
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Berkshire invests in Atlanta Braves, sheds GM and other stocks
By: Investing | November 14, 2023
(Reuters) - Berkshire Hathaway (NYSE:BRKa), the conglomerate run by billionaire Warren Buffett, on Tuesday said it has made a small investment in the company that indirectly owns the Atlanta Braves baseball team, and eliminated its holdings in General Motors (NYSE:GM) and Procter & Gamble (NYSE:PG).
The changes were disclosed in a regulatory filing that detailed Berkshire's U.S.-listed stock holdings, which comprise most of its $318.6 billion equity portfolio, as of Sept. 30.
Berkshire sold $7 billion of stocks and bought just $1.7 billion in the third quarter, a down period for its stock holdings led by Apple (NASDAQ:AAPL), whose share price fell 12%.
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Leaked IRS data obtained by ProPublica showed that Warren Buffett, in the last two decades, has made trades in his personal portfolio on the same companies that Berkshire bought or sold during the same quarter or the quarter before
By: Cheddar Flow | November 13, 2023
Wow.
— Cheddar Flow (@CheddarFlow) November 11, 2023
Leaked IRS data obtained by ProPublica showed that Warren Buffett, in the last two decades, has made trades in his personal portfolio on the same companies that Berkshire bought or sold during the same quarter or the quarter before
Buffett has said before that trading the… pic.twitter.com/DZqjcDXFJA
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Berkshire Hathaway Q3 - Under The Hood. What seems on the surface as a strong report (BRK defined earnings +41%) is weaker under the hood
By: Sleepwell | November 6, 2023
• $BRK Q3 - Under The Hood
What seems on the surface as a strong report (BRK defined earnings +41%) is weaker under the hood
Entire increase was driven by insurance (underwriting recovery+investment income from higher rates)
All other businesses were weak.
Q3 Organic revenue:
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Berkshire Hathaway expands into AI sector with diverse portfolio
By: Investing | November 7, 2023
Warren Buffett's Berkshire Hathaway (NYSE:BRKa) has broadened its investment strategy to include substantial holdings in companies with significant AI technology, despite traditionally shying away from tech stocks. Notable names in Berkshire's $342 billion portfolio now include Coca-Cola (NYSE:KO), Amazon (NASDAQ:AMZN), Snowflake (NYSE:SNOW), Bank of America, and Apple (NASDAQ:AAPL).
Coca-Cola has been leveraging AI for marketing and product development, highlighted by its Masterpiece campaign and the AI-formulated Y3000 Zero Sugar drink. The beverage giant also employs a global head of generative AI, indicating a commitment to the technology.
Amazon, another major holding under Berkshire Hathaway, has been using AWS for AI-related operations. The e-commerce giant invested $4 billion in Anthropic and utilizes Trainium and Inferentia data center chips for future models. This move has attracted developers who rely on Nvidia (NASDAQ:NVDA)'s technology.
In the realm of cloud services, Snowflake provides an AI component for business data aggregation. The company recently acquired Neeva to enhance its capabilities in natural language data search.
Bank of America, also part of Berkshire's AI-focused portfolio, has integrated an AI chatbot named Erica into its CashPro digital banking platform. The bank has also announced plans for a $3.8 billion innovation investment.
Apple, known for its tech prowess, uses the A17 Pro CPU processor in its iPhone 15 Pro lineup to handle enhanced AI workloads. The company is also reportedly developing a competitor to ChatGPT alongside large language models.
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Buffett sells BYD shares; a 51% WeWork bid: Insider trades & hedge funds weekly
By: Investing | November 6, 2023
Berkshire Hathaway sells $25.8 million worth of shares in China's BYD
Warren Buffett's investment firm Berkshire Hathaway (NYSE:BRKa) sold 820,500 shares of the Hong Kong-listed electric vehicle manufacturer BYD (SZ:002594) (OTC:BYDDY), raking in HK$201.73 million ($1 = HK$7.82), according to a recent regulatory filing.
The transaction, which took place on October 25, reduced Berkshire's stake in BYD's issued H-shares to 7.98% from 8.05%, as revealed in the filing with the Hong Kong Stock Exchange on Tuesday.
Cole Capital Funds seeks to acquire 51% of WeWork for $9 share
Cole Capital Funds has submitted a letter to the Board of Directors of WeWork (NYSE:WE) proposing the acquisition of a 51% majority stake in the company. The proposed purchase price is set at $9.00 per share for all outstanding shares held by minority shareholders. Additionally, Cole Capital Funds is seeking proper representation on WeWork's board, believing this acquisition to be in the best interest of the company.
InvestingPro | Know Market Moves
A raft of insider buys from company CEOs and directors
Align Technology (NASDAQ:ALGN) President and CEO, Joseph Hogan, purchased 5,319 common shares, or worth about $1M, at $188.
Arbor Realty Trust (NYSE:ABR) Chairman/CEO/President, purchased 80,161 common shares, or worth nearly $1M, at $12.47.
Loews (NYSE:L) (NYSE:{{13083|L}}) Director, Jonathan Locker, purchased 15,870 common shares, or worth more than $1M, at $63.75.
Greenbrier (NYSE:GBX) Director, Patrick Ottensmeyer, purchased 10,000 common shares, or worth $338,579, at $33.8579.
Fifth Third Bancorp (NASDAQ:FITB) Director, Bryan Daniels, purchased 64,500 common shares, or worth more than $1.5M, at an average price of $23.31 per share.
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Berkshire Hathaway Reports Increased Liquidity: Buffett Gearing Up for Dip Buying?
By: Investing | November 6, 2023
- Warren Buffett's Berkshire Hathaway reported robust earnings and increased liquidity in the third quarter.
- Despite the solid performance, Warren Buffett maintains a cautious outlook on market valuations, considering them overvalued.
- Berkshire Hathaway's financial health reveals impressive strengths but prompts a closer look at the stock's average valuations and potential for a 35% upside based on fair value analysis.
Segueing into discussions about market valuations and opportunities, the market still appears overvalued from the perspective of Warren Buffett.
Berkshire Hathaway (NYSE:BRKb) (NYSE:BRKa), America's seventh-largest company by market capitalization, reported robust earnings in the third quarter.
Notably, the company also reported a substantial $10 billion increase in liquidity during the quarter, pushing its total liquidity to a record $157 billion, in close proximity to Apple (NASDAQ:AAPL)'s ($162 billion) liquidity.
The company disclosed operating profits of $10.76 billion, marking a substantial 41% increase, or $7.4 per Class A share. This performance was attributed to the impact of high interest rates on liquidity and gains in its insurance businesses.
However, when factoring in losses on investments and derivatives, Berkshire reported unrealized losses of nearly $12.8 billion, equivalent to $8.8 per Class A share, significantly exceeding the previous year's losses of $2.8 billion, primarily stemming from its stake in Apple, which experienced a 12% decline.
On a separate note, Berkshire Hathaway B reported third-quarter earnings per share of $10.22, which fell short of analysts' estimates of $4.34.
The company's revenue for the quarter reached $93.21 billion, exceeding estimates. Additionally, Berkshire Hathaway engaged in buybacks amounting to $1.1 billion during the third quarter, bringing the year-to-date total to approximately $7 billion.
Evaluating Berkshire Hathaway's Class A financial health through InvestingPro involves ranking the company across more than 100 factors in comparison to other firms within the same industry.
Source: InvestingPro
The company earned a score of 4 out of 5 by performing better than all of its competitors on profit margins, high earnings quality, higher liquidity than debt on the balance sheet, and free cash flow exceeding net income.
Delving deeper, however, we can see how the comparison with the market and competitors, sees the stock at average valuations:
Source: InvestingPro
In fact, if we look at the most popular indicators, we can see it is now worth more than 2 times its revenues, and more than 8 times its earnings.
The Fair Value, which represents the target price determined through 13 different models, currently stands at $719.935. This indicates a potential upside of 35% with a low level of uncertainty associated.
Another critical aspect is the spread price, which guides us through the periodic fluctuations, falling within the range of $503,000 to $911,000.
This range is calculated as an average, factoring in the price performance over the past 52 weeks, the analysts' target, and insights derived from the InvestingPro tool.
Source: InvestingPro
Its performance from the October 2022 bottom to date has been more than +30%, recording a new all-time high in September 2023
Berkshire Hathaway Class A Stock Price Chart
When comparing the performance of Berkshire Hathaway to Apple, it's clear that they often move in tandem.
The correlation coefficient, used in statistics to measure the relationship between assets on a scale from 1 to -1, indicates a strong positive correlation when it's close to 1, meaning that both assets tend to rise and fall together.
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Berkshire first started buying Apple stock in 2016 and is now its largest individual holding ($162 billion) by a wide margin...
By: Charlie Bilello | November 5, 2023
• Berkshire first started buying Apple stock in 2016 and is now its largest individual holding ($162 billion) by a wide margin...
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Here's how much cash Warren Buffett and Berkshire Hathaway $BRK.B have had every Q2 since 1992
By: Evan | November 4, 2023
• Here's how much cash Warren Buffett and Berkshire Hathaway $BRK.B have had every Q2 since 1992
1992: $831M
1993: $1.4B
1994: $186M
1995: $1.9B
1996: $819M
1997: $537M
1998: $6.9B
1999: $6.5B
2000: $36.7B
2001: $59.6B
2002: $66.1B
2003: $39.3B
2004: $43B
2005: $46B
2006: $42.3B
2007: $47.1B
2008: $33.4B
2009: $26.9B
2010: $34.5B
2011: $34.8B
2012: $47.8B
2013: $71B
2014: $91.1B
2015: $93.4B
2016: $109.5B
2017: $109.3B
2018: $103.6B
2019: $128.2B
2020: $145.7B
2021: $149.2B
2022: $109B
2023: $157B
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If Warren Buffett and Berkshire Hathaway's $BRK.B cash pile was the market cap of a stock it would be the 68th largest public company in the world
By: Evan | November 4, 2023
• If Warren Buffett and Berkshire Hathaway's $BRK.B cash pile was the market cap of a stock it would be the 68th largest public company in the world
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