Buffett/Berkshire - general news

[gfp]

Todd's portfolio apparently:

 

V

MA

UNH

DPZ

AON

POOL

AMZN

HEI.A

...

[Licorice]

I'm surprised they didn't hold onto V and MA (and HEI.A as well).

[gfp]

Just now, Licorice said:

I'm surprised they didn't hold onto V and MA (and HEI.A as well).

 

Warren is super strict about dumping other people's names.  It killed Lou Simpson to liquidate his portfolio right before his exit.  He was like, "please can we keep the Nike??!"  Warren says "NO."  liquidate your book fella

[dcollon]

I would think some of these were Ted's and not Todd's 

 

• Liquidates
  • ALLE 780K
  • AMZN 2.3M
  • AON 3.6M
  • BATRK 115K
  • CHTR 1.1M
  • DEO 228K
  • DPZ 3.4M
  • HEI.A 1.3M
  • LAMR 1.2M
  • LILA 2.4M
  • LILAK 1.3M
  • FWONK 3.0M
  • MA 4.0M
  • POOL 3.1M
  • UNH 5.0M
  • V 8.3M

[73 Reds]

4 minutes ago, dcollon said:

I would think some of these were Ted's and not Todd's 

 

• Liquidates
  • ALLE 780K
  • AMZN 2.3M
  • AON 3.6M
  • BATRK 115K
  • CHTR 1.1M
  • DEO 228K
  • DPZ 3.4M
  • HEI.A 1.3M
  • LAMR 1.2M
  • LILA 2.4M
  • LILAK 1.3M
  • FWONK 3.0M
  • MA 4.0M
  • POOL 3.1M
  • UNH 5.0M
  • V 8.3M

The one that gets my attention (though less than diminimis) is BATRK: wonder what that was about.

[Blugolds]

Delta...interesting...cant say that Im excited about airlines...

[Munger_Disciple]

25 minutes ago, Blugolds said:

Delta...interesting...cant say that Im excited about airlines...

 

Warren taking one final shot at airlines? 

[Munger_Disciple]

On 11/17/2025 at 3:38 PM, charlieruane said:

Do we known/suspect who initiated the DPZ position? If not, I suspect... Todd. Todd once mentioned he's a big fan of Tom Bancroft; Bancroft has a major DPZ position. 

 

Speculative, I realize. 

 

Looks like Bancroft shut down Makaira: https://www.dataroma.com/m/m_activity.php?m=MP&typ=a

 

cc: @gfp

[MungerWunger]

They liquidated a bunch of their holdings presumably Todd's book. DPZ, HEI.A, V, MA etc.

[Dalal.Holdings]

So Greg investing in Airlines (Delta) and Retailers (Macys) now? Lol, guess he learned nothing from Warren and Charlie...

[Gamecock-YT]

3 hours ago, 73 Reds said:

The one that gets my attention (though less than diminimis) is BATRK: wonder what that was about.

 

tracking stock from the main Liberty Media parent that was eventually fully spun-off. 

[Dalal.Holdings]

BATRK, LILAK, CHTR, LILA, FWONK…so many Malone turds got flushed down the toilet. Looks like Todd’s investment process was way over-indexed on the Malone theme and it cost him years of performance and his BRK gig.

 

He’s not the only investor who got Malone’d in recent years...cults are dangerous things.

[yesman182]

I am surprised by the 1/3 CVX sale. I understand the stock gained a lot in the last 6 months, but I would have thought it was a long term hold. 

[Charlie]

9 hours ago, gfp said:

Pretty impressed with the Google move uncle warren

 

just your basic geriatric building a $22 billion position out of nowhere..  good

+1

 

I thought it would happen a quarter before, but he really likes to buy things cheap. 

[John Hjorth]

12 hours ago, gfp said:

Pretty impressed with the Google move uncle warren

 

just your basic geriatric building a $22 billion position out of nowhere..  good

 

3 hours ago, Charlie said:

+1

 

I thought it would happen a quarter before, but he really likes to buy things cheap. 

 

 

Is it cheap because it's only up 25 percent YTD?  [<- coulden't help it...]

 

- - - o 0 o - - -

 

$22 billion ... pretty good squats, I would say! 

[mengan]

Anyone know if Airbus was sold?

[mengan]

23 minutes ago, John Hjorth said:

I thought it would happen a quarter before, but he really likes to buy things cheap. 

 

I hope that was a joke.

[Charlie]

2 hours ago, John Hjorth said:

Is it cheap because it's only up 25 percent YTD?  [<- coulden't help it...]

 

- - - o 0 o - - -

 

$22 billion ... pretty good squats, I would say! 

In march it was relatively cheap. 

[Blugolds]

15 hours ago, Munger_Disciple said:

 

Warren taking one final shot at airlines? 

 

Obviously dont know who made the ultimate call, Its just very strange to me, he has been pretty vocal about the trouble with investing in airlines over the years, DECADES, he called them a "Death trap for investors" and joked about a visionary present at Kitty Hawk doing the world a huge favor by shooting Orville Wright down" , called them a "bottomless pit, investors attracted by growth when they should have been repelled by it" and overall the industry having "very, very low incremental costs per seat, but enormous fixed costs, which leads to a constant competitive temptation to slash prices to fill seats"  He was in and out around Covid and even before the pandemic I didnt feel good about it and when they were out, I thought well, good! And now here we are again LOL, back into the airline business, granted a 1% position. 

 

The ONLY thing I can figure is that maybe they are thinking that with jet fuel prices higher for longer maybe it will shake out the weak hands ie. Spirit et al. and maybe allow the bigger players to capture more market share or increase margins with less competition? I know he has made positive comments regarding CEOs, but then I come back to previous comments regarding buying business that are so good an idiot could run them, because sooner or later one will. Glad they are deploying capital, just not excited about airlines at all, honestly would have rather they just but that 1% into one of the other positions like Google, but what do I know. Just seems to be counterintuitive to take a hard stance on an industry for decades and then be lured in by the sirens song repeatedly, I dont know if there has been another industry that he has spoken so strongly against for so long come to think of it. 

 

 

 

[Hektor]

7 minutes ago, Blugolds said:

The ONLY thing I can figure is that maybe they are thinking that with jet fuel prices higher for longer maybe it will shake out the weak hands ie. Spirit et al. and maybe allow the bigger players to capture more market share or increase margins with less competition?

I think so too. Looks like the big 4 has about 70% market share and the threat from ULCC taking market share might be fading. If this is true, I guess we will see the other airlines in a future 13f.

[ratiman]

Todd was running Geico and running a big portfolio? That seems unlikely. The reason to shunt him off to Geico was to get him out of managing money. Ted's days are numbered.  

[sleepydragon]

4 hours ago, John Hjorth said:

 

 

 

Is it cheap because it's only up 25 percent YTD?  [<- coulden't help it...]

 

- - - o 0 o - - -

 

$22 billion ... pretty good squats, I would say! 

he bought it on/before 3/31. Pretty much exact bottom 

[gfp]

58 minutes ago, ratiman said:

Todd was running Geico and running a big portfolio? That seems unlikely. The reason to shunt him off to Geico was to get him out of managing money. Ted's days are numbered.  

 

It wasn't a big portfolio for Berkshire, but Todd didn't stop managing his pool of capital for BRK and the pension funds when he moved into the GEICO position.  They have talked about it many times.  

[gfp]

4 hours ago, mengan said:

Anyone know if Airbus was sold?

 

National Indemnity hasn't filed their NAIC filings yet, so maybe on Monday it will be possible to see which foreign stocks were bought/sold.

[xboojum]

19 hours ago, dcollon said:

I would think some of these were Ted's and not Todd's 

 

• Liquidates
  • ALLE 780K

 

ALLE (which I've owned in size in the past) always struck me as something that would fold up nicely in the Berkshire construction mfg. sectors with Johns Mansfield and Benjamin Moore (I think it's a better business than either, honestly).