gfp

They have been widely available at Costco in my market. Right at the entrance. I wonder who made that introduction... ;)

And of course Berkshire Hathaway Energy only owns 8.25% of BYD. Approximately $5.75 Billion worth at current prices. 225 million shares.

The confidential security is definitely not BAC for several reasons. 10-Q makes the end of quarter BAC position very clear.

It should be noted for those that haven't seen this already that consolidated cash was widely mis-reported, by myself as well, as we hastily missed the line item for a $6.795 Billion payable for purchase of U.S. Treasury Bills on the balance sheet. Consolidated cash more like $138.9 Billion at quarter end. hat tip to Christopher Bloomstran at Semper Agustus -

Not to mention it was his advice to Apple / Jobs years before Apple saw the light https://www.cnbc.com/id/46540227

https://www.berkshirehathaway.com/qtrly/links3rdqtr20.html Copied from repurchase thread - Other new information seems to be about $17.6 Billion in new stock purchases in Q3 (not net of sales) - likely showing up in the $15.275 Billion increase in the cost basis of equities in the Commercial, Industrial and Other category. (Japanese stocks would be here but hard to know how much of those was actually purchased in Q3 since he said he had been accumulating for some time. Average price was certainly better for BRK if the bulk of Japanese trading company purchases was during Q3) Banks (likely rest of WFC) continue to be sold with Banks, Insurance, Other Cost basis declining another $4 Billion in the quarter. Some Apple shares sold near the recent highs - but only $1.69 Billion in net reduction in Cost Basis for consumer products. Looks like Berkshire held about 964.5 million AAPL shares at quarter end. Total sales of stock in the Q was $12.8 Billion (WFC and $4.7B of Apple? We'll find out soon enough) ------------- End of quarter book value per B share was $176.22. So Friday's close was around 1.185x quarter end book. Sounds like that is the reason he repurchased so aggressively.

"Approximately $9 billion was used to repurchase Berkshire shares during the third quarter " 9/30 share count 1,570,636 A share equivalents 10/26 share count 1,563,152 A share equivalents. So looks like an additional $2.38 Billion worth of repurchases completed after quarter end up to 10/26. Quite the clip compared to his previous dribs and drabs. Looks like he sold some AAPL near the top. Have to dig into the numbers more but AAPL shares owned by BRK down to about 964.5 million shares instead of what would have been slightly over a billion shares post-split. Maybe sold ~ $4.7 Billion at market value in the Q ? Consolidated cash at $145.7 Billion after $9 Billion in repurchase activity in the Q

Berkshire pulled out of underwriting this Covid-19 college athletics insurance product at the very last minute, citing 'reputational risks' and compliance concerns - according to the broker marketing the policies to college athletic departments. Berkley ended up writing it. https://www.espn.com/college-football/story/_/id/30170060/insurance-broker-offers-covid-19-health-coverage-college-football the BRK subsidiary - https://wellfleetinsurance.com

Who else is using your account? ???

Here are the basic terms. Ted Weschler learning the family business- • $600 millioninvestment from Berkshire Hathaway ‒ Dividend of 8% per year if paid in cash; 9% if deferred • Berkshire Hathaway also to receive a warrant to purchase up to 23.1 million Scripps Class A shares. ‒ Exercise price of $13 per share • The preferred stock will have no maturity date. • Berkshire Hathaway will not receive any board seats and will have no other governance rights. • While the preferred stock is outstanding, Scripps cannot issue a dividend or repurchase shares. *maybe they would be interested in purchasing a Miami TV station some day

Small acquisition for IMC Group (Iscar) - https://www.ctemag.com/news/people-companies/imco-carbide-tool-joins-imc-group Also Ted tendered 2 million of Berkshire's DVA shares into DVA's $88 tender offer last week. (and 200k shares of his personal DVA) https://www.sec.gov/Archives/edgar/data/927066/000120919120051292/xslF345X03/doc4.xml

What is attractive about Grayscale Bitcoin Trust? Why wouldn't you just buy bitcoin directly instead? A 12% premium to bitcoin NAV and a 2% annual expense ratio. Is this just because you want to own bitcoin in an IRA?

Berkshire is only 4000 Amazon shares off their all time high share count. I don't think it was a meaningful sale of Amazon shares and it may not have been a sale at all with various subsidiary divestitures over the last year making it look like Berkshire was selling shares (DVA for instance) when they were not.

FT with a good article on Berkshire's investments in Japan (pdf attached) - in an unrelated note, it is remarkable to see the effect today's 138 <--> 127 trading range in AAPL shares has on Berkshire's 1 Billion share holding. $11 Billion market value swing in half an hour. Interesting times Buffett_Japan.pdf

Looks like a student project from 2013 to make a fake or “improved” website for Berkshire Hathaway.

Yeah, the whole press release was different from a standard BRK press release. Basically written for the Japanese business reader in mind. To disarm them and also remind them BRK is open for partnerships and co-investment opportunities. Another first - The contact at the bottom was not Marc Hamburg for a change. The contact is a new one: " Investor Relations [email protected] 402-978-5413 "

And remember, Berkshire has 625.5 Billion Yen in outstanding Yen-denominated bonds (more than the $4B USD being discussed here)

What type of Real Estate are you "doing" ?

Probably today after the close (45 days from quarter end)

Yes I second everything rkbabang says here. I don't know why, but it has been ridiculously hard to find good, reliable cleaning / staging people to handle AirBnB flips. I guess we just have high standards. Every person we have hired to flip AirBnB units has not been re-hired. A 100% failure rate. One of the issues in my market (back when New Orleans had a tourism industry at least) is that the good cleaning/staging people are all needed at essentially the exact same time across the city. Between 11pm and 3pm and there is usually zero flexibility on that. You basically have to show up before noon or the place won't be ready in time for the next guests. And that's if nothing "unexpected" occurs.

I don't understand anything you are saying here. You seem to contradict yourself several times.

BNSF made another $1.3 Billion in cash distributions to Berkshire for the quarter, up from $1.1 Billion in Q1. $2.4 Billion for the first 6 months, unchanged from 2019. BNSF LLC 10-Q: https://www.sec.gov/Archives/edgar/data/934612/000093461220000018/llc6302010q.htm

I've had quite a few newer investors ask me about Berkshire's "big buyback" policy and it seems like folks expect this to be ongoing. Looking at Page 47 of the 10-Q, it is very clear that this level of buyback was extremely price sensitive. Look at these average prices and the average prices likely achieved during the month following quarter end. Berkshire is likely back to their dribs and drabs at $215/share. I had folks extrapolating $30 Billion annual buybacks to me...

You definitely could be right on the stock moves - but I don't think Berkshire would have to file a 13D. I've been surprised before when I thought Berkshire needed to file at 5% and never did. Apple - as a recent example - BRK never filed anything when it crossed above 5%. I've read the 13d and 13f rules in the past and thought they indicated Berkshire had to file at 5% and yet BRK doesn't. Maybe the quarterly disclosures of holdings are enough for BRK unless they intend to go activist or something. Or maybe there is a carve out for Insurance companies. I don't know the reason. He would show a loss on JPM, so selling it would fit the tax loss selling narrative. He could have also dumped BK. We'll find out in a week I guess If Berkshire had sold out of WFC, surely they would have had to file a 13D to indicate that their stake is below 5%? I think he probably sold quite a bit of WFC, but I wouldn't be surprised if he blew out JPM entirely. Out of all Berkshire's financials, JPM are probably the most exposed to unsecured consumer lending, which is probably not a place where you want to be in this environment.

I put it in the very first post in this thread. No material change in Berkshire's Apple position. You take $91.5 Billion and divide by AAPL quarter end closing price, $364.80. This spits out the number of shares owned by Berkshire - approximately 250.8 million shares. Which is unchanged. Dataroma is not going to show an accurate share count for some Berkshire portfolio positions, but the Annual Report does, and the thread on this site on Berkshire Holdings also shows accurate holdings. Heck, here we go : AAPL closing price EOP 2020Q2 : 364.80 [source : Yahoo! Finance] AAPL shares held EOP 2020Q1 by Berkshire : 245,155,566 [source : Dataroma] AAPL shares reported by NEAM EOP 2020Q1 :1,452,250 + 3,578 [= 1,455,828] [source : NEAM 13-F/HR EOP 2020Q1] Total : 246,611,394 Calculated market value EOP 2020Q2 : 246,611,394 * 364.80 = 89,963,836,531. "Big Four" comment states "$ 91.5 billion". So there was added to the position during 2020Q2?? [ 0_0 ] -Did I get it right?