Buffett/Berkshire - general news

[ValueMaven]

really interesting thank you @gfp - Ted has a $350M personal position in DVA.  Wild.  

[cubsfan]

14 hours ago, gfp said:

https://www.sec.gov/Archives/edgar/data/927066/000095017025020189/xslF345X05/ownership.xml

https://www.sec.gov/Archives/edgar/data/927066/000095017025020183/xslSCHEDULE_13D_X01/primary_doc.xml

 

First of the required quarterly sales of DaVita shares by Berkshire entities back to DaVita.  The BRK group isn't allowed to stay above 45% so once each quarter they have to sell stock back to DaVita based on the VWAP that DaVita repurchased stock at in the quarter just passed.  So GEICO sold stock at $156 on a day it traded for $173 but what can ya do...

 

Thanks for that explanation @gfp . Looked at the filing last night and didn't really understand how the price was determined. Very helpful.

[gfp]

https://www.dataroma.com/m/holdings.php?m=BRK

 

Goodbye Citi! (mostly) Held on to more BAC than most would have predicted.  Didn't touch that round number AAPL holding.

Edited February 14, 2025 by gfp

[Spooky]

1 hour ago, gfp said:

https://www.dataroma.com/m/holdings.php?m=BRK

 

Goodbye Citi! (mostly) Held on to more BAC than most would have predicted.  Didn't touch that round number AAPL holding.

 

Fairly uneventful.

[DooDiligence]

TFW you front run the master on both DPZ (in) and C (out).

Now if he'd just buy some Nintendo.

[Charlie]

Glad that he sold not much stocks.

 

The U.S. government change could have played a big role in this decision.

Edited February 15, 2025 by Charlie

[John Hjorth]

And the cash continues gushing in every day at Bershire, a bit below USD 3 B per month.^*) [That's actually ~ USD 100 M - per day ] Has Mr. Buffett stopped taking showers and is now taking baths like Scrooge McDuck in cash and T-Bills?

 

 

^*) USD 25.9 billion for the first 9 months of 2024.

 

[Hektor]

Here we go again.

 

https://www.barrons.com/articles/warren-buffett-berkshire-hathaway-stocks-sales-portfolio-holdings-92567500

 

Warren Buffett Is Out of Step With Markets. Berkshire Hathaway Keeps Selling Stocks.

[gfp]

20 minutes ago, Hektor said:

Here we go again.

 

https://www.barrons.com/articles/warren-buffett-berkshire-hathaway-stocks-sales-portfolio-holdings-92567500

 

Warren Buffett Is Out of Step With Markets. Berkshire Hathaway Keeps Selling Stocks.

 

Well that is probably the first article I have read that correctly adds up the cash for September 30, 2024.  

 

"It’s a good bet that Berkshire’s cash and equivalents, which hit a record $310 billion on Sept. 30, was higher at year-end due in part to the stock sales in the fourth quarter."

[John Hjorth]

Berkshire Hathaway - Press Release [February 18^th 2025] : 2024 Annual Report Release Information.

 

Saturday 22^nd February 2025, at around 8:00 AM eastern time.

[gfp]

Sounds like Precision Castparts lost a factory to a fire a few days ago.  This subsidiary makes fasteners for Boeing / Spirit AeroSystems.  No injuries. 

https://www.yahoo.com/news/fire-reported-aircraft-fastener-makers-193005205.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAChWoLcxWzBZUce3tFH-bDsU0hZ5F2PCAKs36cvjfwq252Au7tCrDZZOOUdv40uuE4KNPG94D3h-kGIJGsFAVSuUg6q4t2jZ7_ijFcjnW3Rn9xrMpE7e76UA3qRUamIW87IHuS1eR6Zb1_hkLbkJlafJQwRbIw_8YSIF77vA7Fif

 

https://www.rdworldonline.com/fire-at-sps-technologies-facility-highlights-safety-challenges-spurs-rd-questions/

Edited February 23, 2025 by gfp

[John Hjorth]

Thank you for sharing, @gfp,

 

It reads a bit 'wild' to me that a production process can escalate to such proportions of a local calamity. But what do I know about that.

[Masterofnone]

About a 10 acre facility and old when I grew up in the area in the 60's. If I had to guess, it would have been a hydrogen gas explosion from electroplating.

[charlieruane]

Fun fact I learned from Berkshire's 2024 Proxy Statement: in 2023, Buffett reimbursed Berkshire $50,000 for personal use of Berkshire's materials (e.g. "postage or phone calls that are personal") and personnel. 

[John Hjorth]

23 minutes ago, charlieruane said:

Fun fact I learned from Berkshire's 2024 Proxy Statement: in 2023, Buffett reimbursed Berkshire $50,000 for personal use of Berkshire's materials (e.g. "postage or phone calls that are personal") and personnel. 

 

Yeah, it's true, @charlieruane,

 

it's just so special.

 

He cares more about us - the Berkshire Hathaway shareholders, - than himself. Somehow talking about USD 50 K is in this way, if one thinks about it , as coverage for 'postage and phone calls', it just gets so lame.

 

But he decides how it is to be.

 

Just take it in, and continue holding. 

[gfp]

48 minutes ago, charlieruane said:

Fun fact I learned from Berkshire's 2024 Proxy Statement: in 2023, Buffett reimbursed Berkshire $50,000 for personal use of Berkshire's materials (e.g. "postage or phone calls that are personal") and personnel. 

 

Yep - it has been that way (reimbursing half his salary) for as long as I can remember.  I heard they sometimes bring him lunch as well.  

[Hektor]

1 hour ago, charlieruane said:

Buffett reimbursed Berkshire $50,000 for personal use of Berkshire's materials (e.g. "postage or phone calls that are personal") and personnel. 

This also signals expectations to his managers.

[John Hjorth]

Just so true,

 

Hektor [ @Hektor ].

[DooDiligence]

Integrity, altruism and dedication. In short supply these days. Hodling.

[boilermaker75]

1 hour ago, gfp said:

 

Yep - it has been that way (reimbursing half his salary) for as long as I can remember.  I heard they sometimes bring him lunch as well.  

 

I would be happy to bring him lunch!

[Spooky]

Such a class act. Wish more people were like him.

[Munger_Disciple]

16 minutes ago, Spooky said:

Such a class act. Wish more people were like him.

 

  The !  There will never be another Warren or Charlie. 

[villainx]

Listening to Compound podcast, and there was discussion that Berkshire sold out of the airline companies because Berkshire ownership would have impeded any possible covid bailout.  One of the other host said that Buffett confirmed it.  Is that true?

[Monsieur_dee]

29 minutes ago, villainx said:

Listening to Compound podcast, and there was discussion that Berkshire sold out of the airline companies because Berkshire ownership would have impeded any possible covid bailout.  One of the other host said that Buffett confirmed it.  Is that true?

He talks about this at the 2020 AGM

[John Hjorth]

Barrons [February 28^th 2025] : Bill Ackman Says Warren Buffett Is Too Conservative on Investments, Berkshire Will Be Run Better When He’s Gone

 

From the article :

 

Quote

... Billionaire investor Bill Ackman is a huge fan of Warren Buffett and has invested in Berkshire Hathaway  BRK.B +0.73%.

 

Ackman is even trying to create what he has called a “modern-day” Berkshire by taking control of real estate company Howard Hughes Holdings HHH +1.87% [<- , John].

 

In a recent podcast, Ackman offered some provocative comments, saying Berkshire will be better managed after Buffett leaves the scene and that the company’s longtime CEO, 94, has been too conservative in his investment discipline.

 

Ackman admires Buffett’s likely successor, Berkshire executive Greg Abel. “Greg is more of an operator,” Ackman said. “There is a lot of value to be extracted in running the businesses better.” ...

 

lol!, as if Mr. Abel is cashing in ~USD 20 million yearly, all while being on constant paid vacation, by now.