dabuff Posted August 30, 2015 Share Posted August 30, 2015 Looks like Warren is taking one out of the T&T playbook: http://www.businessinsider.com/warren-buffett-buys-phillips-66-2015-8 Link to comment Share on other sites More sharing options...
jay21 Posted December 20, 2015 Share Posted December 20, 2015 Anyone have an idea about how much they manage right now? IIRC, the number is <10b which makes some positions from Ted pretty big. Back of the envelope based on Q3 12f: DVA - 2.6b CHTR - 1.7b GM - 1.5b Like this guy a lot. Link to comment Share on other sites More sharing options...
thefatbaboon Posted December 20, 2015 Share Posted December 20, 2015 I remember 9bn each being the last figure mentioned. On a related matter, anyone worried about precision casparts being a big mistake? Link to comment Share on other sites More sharing options...
Spekulatius Posted December 20, 2015 Share Posted December 20, 2015 I remember 9bn each being the last figure mentioned. On a related matter, anyone worried about precision casparts being a big mistake? I think it is an untimely investment, as I see headwinds in the aircraft business for a couple of years. This is similar to buying ISCAR shortly before the Great Recession. I do think that the multiple will turn out to be a bit rich, given he near term performance. However, I think in the longer run, this is a good business, with the opportunity to bolt on more via acquisitions. Link to comment Share on other sites More sharing options...
thefatbaboon Posted December 21, 2015 Share Posted December 21, 2015 I remember 9bn each being the last figure mentioned. On a related matter, anyone worried about precision casparts being a big mistake? I think it is an untimely investment, as I see headwinds in the aircraft business for a couple of years. This is similar to buying ISCAR shortly before the Great Recession. I do think that the multiple will turn out to be a bit rich, given he near term performance. However, I think in the longer run, this is a good business, with the opportunity to bolt on more via acquisitions. I hope that's the only problem. I wish Buffett would deviate from his handshake deal on this and actually get a thorough audit done. Link to comment Share on other sites More sharing options...
xo 1 Posted December 21, 2015 Share Posted December 21, 2015 I remember 9bn each being the last figure mentioned. On a related matter, anyone worried about precision casparts being a big mistake? I think it is an untimely investment, as I see headwinds in the aircraft business for a couple of years. This is similar to buying ISCAR shortly before the Great Recession. I do think that the multiple will turn out to be a bit rich, given he near term performance. However, I think in the longer run, this is a good business, with the opportunity to bolt on more via acquisitions. On the plus side, the timing makes consummation even more likely and industry weakness will permit better pricing on bolt-on acquisitions from the outset. Headwinds are the friend of a strong business. Link to comment Share on other sites More sharing options...
thefatbaboon Posted December 21, 2015 Share Posted December 21, 2015 there are a few things I don't like though. The big unrealised metals loss sitting in inventory without getting marked. The consistent inability to get close to guidance (for the most recent example look at the last 10q) - they're miles under the guidance they put out in the summer. The aquisition strategy without a consistent split out of organic or aquisition based contribution. I find it very difficult to see the actual underlying performance of the business. No split out of metal pricing effect on revenue. The nearly half a year of inventory on the books. It's possible that all these questions have good explanations. And for Buffett to pay in excess of 32Bn I feel that all the questions need to be answered very well. It is one hell of a price. Link to comment Share on other sites More sharing options...
Yours Truly Posted December 21, 2015 Share Posted December 21, 2015 Anyone have an idea about how much they manage right now? IIRC, the number is <10b which makes some positions from Ted pretty big. Back of the envelope based on Q3 12f: DVA - 2.6b AT&T - 2.0b (via DTV?) CHTR - 1.7b GM - 1.5b LMCA/K - 0.8b Like this guy a lot. Revised :) That should total up to $8.6 billion and i'm not sure if the Liberty Global / Lila stocks are his or not. If so that's another 0.7b. Link to comment Share on other sites More sharing options...
Eye4Valu Posted December 22, 2015 Share Posted December 22, 2015 What about Seritage? Was it purchased by Ted or Todd? Link to comment Share on other sites More sharing options...
BTShine Posted December 22, 2015 Share Posted December 22, 2015 What about Seritage? Was it purchased by Ted or Todd? Neither. It was purchased by Buffett personally. He wouldn't have to report his ownership stake, except his ownership percentage was above the 5% threshold, which means he had to tell the world he owned shares in SRG. Link to comment Share on other sites More sharing options...
valueinvesting101 Posted December 22, 2015 Share Posted December 22, 2015 Buffett had mentioned in one of his interview that both Todd and Ted had bought Direct TV. So it is not just Ted's position. Link to comment Share on other sites More sharing options...
valuefinder0525 Posted January 7, 2016 Share Posted January 7, 2016 This is Ted's portfolio before closing Peninsula GRA - 49% DVA - 15% LCAPA - 8% VCI - 8% WSFS - 6% DTV - 5% CCOI - 5% CBB - 3% Link to comment Share on other sites More sharing options...
racemize Posted January 7, 2016 Share Posted January 7, 2016 any estimates on their returns for 2015? Link to comment Share on other sites More sharing options...
AzCactus Posted January 9, 2016 Share Posted January 9, 2016 This is Ted's portfolio before closing Peninsula GRA - 49% DVA - 15% LCAPA - 8% VCI - 8% WSFS - 6% DTV - 5% CCOI - 5% CBB - 3% Just out of curiosity are you guessing or do you actually have a source for this information? Link to comment Share on other sites More sharing options...
jay21 Posted January 9, 2016 Share Posted January 9, 2016 This is Ted's portfolio before closing Peninsula GRA - 49% DVA - 15% LCAPA - 8% VCI - 8% WSFS - 6% DTV - 5% CCOI - 5% CBB - 3% Just out of curiosity are you guessing or do you actually have a source for this information? Its filed with the SEC Link to comment Share on other sites More sharing options...
valuefinder0525 Posted January 9, 2016 Share Posted January 9, 2016 Yes there is a source and jay21 is right Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted January 9, 2016 Share Posted January 9, 2016 there are a few things I don't like though. The big unrealised metals loss sitting in inventory without getting marked. The consistent inability to get close to guidance (for the most recent example look at the last 10q) - they're miles under the guidance they put out in the summer. The aquisition strategy without a consistent split out of organic or aquisition based contribution. I find it very difficult to see the actual underlying performance of the business. No split out of metal pricing effect on revenue. The nearly half a year of inventory on the books. It's possible that all these questions have good explanations. And for Buffett to pay in excess of 32Bn I feel that all the questions need to be answered very well. It is one hell of a price. FAA has already approved a 3D printed jet engine part for GE. It seems like 3D printed aircraft parts are happening faster than any predictions I've seen. I used to think TDG was an excellent company but the industry may be changing to fast for that to be true. http://www.gizmag.com/ge-faa-3d-printing-aircraft-engine-part/37018/ http://www.faa.gov/news/safety_briefing/2015/media/MayJun2015.pdf (p.19 of PDF; p.17 of leaflet) http://www.padtinc.com/blog/additive-mfg/3d-printed-plastics-in-functional-aerospace-parts Link to comment Share on other sites More sharing options...
valuefinder0525 Posted January 9, 2016 Share Posted January 9, 2016 Anyone wonder why Ted/Todd hasn't gotten Berkshire more involved with Malone? Given that both have invested extensively with Malone's companies before joining BRK, and are still invested through stocks. With BRK's big checkbook there could be some interesting collaborations. Like BRK could've funded the Liberty Broadband equity for the Charter deal. Link to comment Share on other sites More sharing options...
AzCactus Posted January 9, 2016 Share Posted January 9, 2016 This is Ted's portfolio before closing Peninsula GRA - 49% DVA - 15% LCAPA - 8% VCI - 8% WSFS - 6% DTV - 5% CCOI - 5% CBB - 3% Just out of curiosity are you guessing or do you actually have a source for this information? Its filed with the SEC Can you explain ? I thought berkshire as a whole submits their 13f so how are you breaking things out ? That's what I don't get Link to comment Share on other sites More sharing options...
EliG Posted January 9, 2016 Share Posted January 9, 2016 Can you explain ? I thought berkshire as a whole submits their 13f so how are you breaking things out ? That's what I don't get You missed this part: This is Ted's portfolio before closing Peninsula. Link to comment Share on other sites More sharing options...
AzCactus Posted January 10, 2016 Share Posted January 10, 2016 Can you explain ? I thought berkshire as a whole submits their 13f so how are you breaking things out ? That's what I don't get You missed this part: This is Ted's portfolio before closing Peninsula. Thanks for clearingt that up. Just curious how this is relevant 4 or 5 years since he's been with berkshire. Link to comment Share on other sites More sharing options...
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