gfp Posted June 19, 2023 Posted June 19, 2023 Berkshire's official press release has a little more commentary - " Mr. Buffett and Mr. Abel continue to be delighted with the investments and hope, eventually, to own 9.9% of each of the five companies." https://berkshirehathaway.com/news/jun1923.pdf
longterminvestor Posted June 19, 2023 Posted June 19, 2023 Note was written with a hint of tone that is atypical to the Berkshire news releases. Second time I have noticed tone difference coming out of news from Berkshire, first time was also in relation to the Japanese investments. Above quote is just odd. Not odd that Mr. Able/Mr. Buffett want to own more, just odd that there is a quote saying same.
Whensthepaintdry? Posted June 19, 2023 Posted June 19, 2023 Have many people here tried rotating out of investments like apple and msft and into BRK during times like this when the market is feeling pricey? I’m not one to move to cash, but selling some big tech and increasing brk feels like a prudent move.
John Hjorth Posted June 19, 2023 Posted June 19, 2023 @Whensthepaintdry?, I suggest you to read the posts by @Dynamic here on CoBF.
competitive-advantage Posted June 19, 2023 Posted June 19, 2023 6 hours ago, Whensthepaintdry? said: Have many people here tried rotating out of investments like apple and msft and into BRK during times like this when the market is feeling pricey? I’m not one to move to cash, but selling some big tech and increasing brk feels like a prudent move. I'm keeping my Apple ownership for now and just remember that Berkshire owns 47.8% of Apple in their portfolio.
nwoodman Posted June 19, 2023 Posted June 19, 2023 (edited) 1 hour ago, competitive-advantage said: I'm keeping my Apple ownership for now and just remember that Berkshire owns 47.8% of Apple in their portfolio. Same, I might be wildly optimistic but they could be in the process of shaking up multiple industries…again. If not, then I don’t think you lose to much, as even the existing moat is massive. Every time I think about selling, the Phil Fischer in me asks which particular Apple device are you going to use to place the sell order from? Edited June 19, 2023 by nwoodman
jbwent63 Posted June 20, 2023 Posted June 20, 2023 21 hours ago, ValueMaven said: This has been a serious homerun for Berkshire. Value after Tuesday bump after disclosure is about $20.64 B USD (2.922 T Yen). Debt at the time of the Q1 report (including April transactions disclosed) was about 1.1 T Yen. At about 1.0% (or less!). Dividends are coming in at multiples of the interest costs. Knocked it out of the park, over the stands into the parking lot! Link to website where disclosures are posted: https://disclosure2.edinet-fsa.go.jp/weee0040.aspx Type in National Indemnity and tick the box "Report of possession of large volume", and all the disclosures for all 5 stocks will appear. Go Warren!
nwoodman Posted June 20, 2023 Posted June 20, 2023 (edited) 10 hours ago, jbwent63 said: Value after Tuesday bump after disclosure is about $20.64 B USD (2.922 T Yen). Debt at the time of the Q1 report (including April transactions disclosed) was about 1.1 T Yen. At about 1.0% (or less!). Dividends are coming in at multiples of the interest costs. Knocked it out of the park, over the stands into the parking lot! Link to website where disclosures are posted: https://disclosure2.edinet-fsa.go.jp/weee0040.aspx Type in National Indemnity and tick the box "Report of possession of large volume", and all the disclosures for all 5 stocks will appear. Go Warren! Thanks for the link to the filings. Even after the runup, they look far from expensive. Edited June 20, 2023 by nwoodman
gfp Posted June 22, 2023 Posted June 22, 2023 Warren put out a press release regarding his annual giving - https://www.businesswire.com/news/home/20230621049174/en/Berkshire-Hathaway-Inc.-News-Release
Munger_Disciple Posted June 22, 2023 Posted June 22, 2023 (edited) 18 hours ago, gfp said: Warren put out a press release regarding his annual giving - https://www.businesswire.com/news/home/20230621049174/en/Berkshire-Hathaway-Inc.-News-Release I am trying to work out the math on Buffett's charitable giving. It looks like he gave at an annual compounded rate of 4.23% of his yearly holding of BRK stock since he first pledged in 2006. The interesting thing is that he initially pledged that he would give 5% every year of a total commitment of 401,667 A shares (though he owned 474,998 A shares at the time of the pledge) in 2006. He must have increased the amount of shares that he committed along the way. BRK stock compounded at an annual rate of 10.69% over the 17 years he began charitable giving in 2006. Also, I estimate that BRK bought back slightly over $2 Billion in stock since 4/25/23 until 6/21/23 based on the filing. I estimate that BRK currently has 1,445,609 A shares outstanding as of 6/21/23. Edited June 22, 2023 by Munger_Disciple
John Hjorth Posted June 22, 2023 Posted June 22, 2023 Yes, and that horse has already been beaten to death by Ravi : Rational Walk [June 15th 2022] : Buffett’s Philanthropic Record.
KPO Posted June 24, 2023 Posted June 24, 2023 On 6/21/2023 at 10:02 PM, gfp said: Warren put out a press release regarding his annual giving - https://www.businesswire.com/news/home/20230621049174/en/Berkshire-Hathaway-Inc.-News-Release The second to last paragraph is kind of funny as you could take it to mean, “if not for my charitable giving I’d be the richest person in the world (or close anyways)”.
gfp Posted June 26, 2023 Posted June 26, 2023 BHE sold another ~$300m + worth of BYD shares. https://di.hkex.com.hk/di/NSAllFormList.aspx?sa2=an&sid=2508&corpn=BYD+Co.+Ltd.++-+H+Shares&sd=26/06/2022&ed=26/06/2023&cid=2&sa1=cl&scsd=26%2f06%2f2022&sced=26%2f06%2f2023&sc=1211&src=MAIN&lang=EN&g_lang=en&
gfp Posted June 30, 2023 Posted June 30, 2023 Yowza, that will be a healthy book value print for Berkshire with a pre-tax $26.6 Billion gain on Apple in the 3 month period. $58.6 Billion pre-tax year-to-date.
Dynamic Posted June 30, 2023 Posted June 30, 2023 Yes, I think Berkshire's equity portfolio outperformed the index by about 2% this quarter. A bit less if you were to include KHC and OXY common stocks. I wouldn't be at all surprised to find Berkshire's portfolio had a better dividend yield too. It must be near certain to post a record Book Value per share when the 10Q is released, too
valueinvesting101 Posted July 2, 2023 Posted July 2, 2023 Looks like Berkshire total asset base will cross 1 trillion this quarter. Market cap should follow it in 2025.
gfp Posted July 2, 2023 Posted July 2, 2023 16 hours ago, Spooky said: Anyone have any intel on share buyback prices lately? Not sure what you mean by share buyback prices. If you are asking about Berkshire repurchase activity, it looks from Buffett's 13D following the charitable contributions, as of 6/21, there were approximately 6.81 million fewer B-share equivalents outstanding vs. 3/31. The calculation is imprecise due to rounding. That pencils out to an estimated $2 Billion - $2.3 Billion of repurchase activity in Q2 through 6/21.
Spooky Posted July 2, 2023 Posted July 2, 2023 Thanks gfp. That gives a possible range of roughly $307 - $341 per B-share for the recent buybacks.
gfp Posted July 2, 2023 Posted July 2, 2023 4 minutes ago, Spooky said: Thanks gfp. That gives a possible range of roughly $307 - $341 per B-share for the recent buybacks. Yeah but those dollar amounts were a total estimate by me. The price range for the actual quarter (310-341 -ish) are the possible prices. The average price is whatever it turns out to be. We hope he bought all 6.8m B-share equivalents in the low 320's but that is unlikely..
Spooky Posted July 2, 2023 Posted July 2, 2023 I don't think my limit order at $315 is getting filled
Malmqky Posted July 3, 2023 Posted July 3, 2023 (edited) 15 hours ago, Spooky said: I don't think my limit order at $315 is getting filled I still have a $300 limit order sitting there partially filled…maybe in a few months Edited July 3, 2023 by Malmqky
gfp Posted July 3, 2023 Posted July 3, 2023 You know boilermaker mike would be getting paid for those standing limit orders! Don't give 'em away for free
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