nsx5200 Posted May 4 Share Posted May 4 https://www.barrons.com/amp/articles/warren-buffett-berkshire-hathaway-stock-purchase-431172f6 "When Berkshire Hathaway disclosed its U.S. equity holdings as of Sept. 30 via its quarterly 13-F filing with the Securities and Exchange Commission in mid November, it had asked the regulator for confidential treatment for one or more stocks." "Barron’s has written about the Berkshire mystery purchase and speculated that it was a financial company based on disclosure in Berkshire’s third-quarter 10-Q report showing an increase of over $1 billion in the cost basis of its equity holdings in financial stocks. The ultimate position in the company could total $5 billion or more." Any idea? Trying to see what companies might be in this space, and see if the idea can be reverse engineered. Link to comment Share on other sites More sharing options...
yesman182 Posted May 4 Share Posted May 4 I have wondered about the reverse engineering aspect as well. Presumably he is going to have 9% of some company. How are those shares accounted for when you see a list of a companies largest holding. Does each company need to file a list of its largest holding? my ideas would be AIG DFS Link to comment Share on other sites More sharing options...
John Hjorth Posted May 4 Share Posted May 4 30 minutes ago, yesman182 said: ... How are those shares accounted for when you see a list of a companies largest holding. ... @yesman182, Where and when? - What do you mean? Link to comment Share on other sites More sharing options...
Whensthepaintdry? Posted May 4 Share Posted May 4 I also had thought DFS Link to comment Share on other sites More sharing options...
longterminvestor Posted May 4 Share Posted May 4 AIG's accounting is an insult to accountants. Hard for me to see AIG. And Mr. Buffett already passed on it (or parts of it) in 2008. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted May 5 Share Posted May 5 I have nothing to add to the topic other than to say @longterminvestor you have the best avatar of all time. I sill laugh at that clip to this day,lol! Link to comment Share on other sites More sharing options...
Gamecock-YT Posted May 5 Share Posted May 5 Citigroup Link to comment Share on other sites More sharing options...
gfp Posted May 5 Share Posted May 5 2 minutes ago, Gamecock-YT said: Citigroup I don't think that's how the rules work. Citi is a disclosed position in the 13-F. If it had disappeared while it was confidential that would be one thing, but having it show up as a position while "confidential positions are being omitted" suggests that it isn't anything that is on the list. Citi isn't being omitted from the 13-F. Link to comment Share on other sites More sharing options...
DooDiligence Posted May 5 Share Posted May 5 1 hour ago, Gamecock-YT said: Citigroup Stop it. You're getting me excited. Link to comment Share on other sites More sharing options...
dealraker Posted May 5 Share Posted May 5 PayPal? Link to comment Share on other sites More sharing options...
coffeecaninvestor Posted May 5 Share Posted May 5 (edited) 1 hour ago, dealraker said: PayPal? +1 from a valuation perspective it makes sense. I was thinking SCHW, but unsure about valuation on that one. Edited May 5 by coffeecaninvestor Link to comment Share on other sites More sharing options...
sleepydragon Posted May 5 Share Posted May 5 FIS or FI Link to comment Share on other sites More sharing options...
mcliu Posted May 5 Share Posted May 5 10 hours ago, Gamecock-YT said: Citigroup I think CNBC said Jane Fraser was at the Berkshire AGM.. Link to comment Share on other sites More sharing options...
yesman182 Posted May 5 Share Posted May 5 17 minutes ago, John Hjorth said: @yesman182, Where and when? - What do you mean? If you go to TIKR or any other website that tracks investments, you can usually see a list of the companies largest shareholders. I don't know how those lists are compiled. It isn't clear to me if the company itself needs to file something with the SEC naming the largest holders. Or if the websites are aggregating the filing of the individual shareholders who need to disclose their ownership stake in securities. Link to comment Share on other sites More sharing options...
gfp Posted May 5 Share Posted May 5 31 minutes ago, yesman182 said: If you go to TIKR or any other website that tracks investments, you can usually see a list of the companies largest shareholders. I don't know how those lists are compiled. It isn't clear to me if the company itself needs to file something with the SEC naming the largest holders. Or if the websites are aggregating the filing of the individual shareholders who need to disclose their ownership stake in securities. So those websites are aggregating a bunch of different disclosures like 13-Fs, 13d, 13g. The companies themselves use those disclosures to name the largest shareholders in their proxy statements. If a manager is not large enough to be required to file 13-F and isn't over 5% or a reporting insider, they can stay anonymous and under the radar. Link to comment Share on other sites More sharing options...
John Hjorth Posted May 5 Share Posted May 5 Thank you to @yesman182 for elaborating, and thank you to @gfp for elaborating on the reply side. Personally, I consider this topic to be about the omitted position[s] [It could actually be more than one] in Berskhires latest 13F-HR, filed at SEC February 14th 2024, containing this message [in blue font] : Link to comment Share on other sites More sharing options...
nsx5200 Posted May 6 Author Share Posted May 6 I thought about DFS as well, but the hidden disclosure (Nov. '23) was before COF announced DFS acquisition intention(Feb. '24). That in itself is not an issue, but was there wasn't an obvious catalyst back in late '23. In fact, it seems like their net income (quarter) dropped. Maybe he thought the drop was only temporary so that's why he bought into it. FI is an interesting possibility. Anybody know what might be cause of the run up from late '23 to now (~$120 to $150)? Link to comment Share on other sites More sharing options...
Whensthepaintdry? Posted May 6 Share Posted May 6 I think value act was in FI pretty heavy around that time. Link to comment Share on other sites More sharing options...
Xerxes Posted Tuesday at 02:55 AM Share Posted Tuesday at 02:55 AM A gentleman on Gabelli TV makes the case that this is potentially “Mitsubishi Financial” note that it trades in the US, so part of SEC requirement for disclosure Link to comment Share on other sites More sharing options...
giulio Posted Tuesday at 07:55 AM Share Posted Tuesday at 07:55 AM He is the guy from compounding quality. He essentially recited this article and a bunch of other staff. Zero original thoughts. https://www.fool.com/investing/2024/03/18/new-clues-confidential-stock-warren-buffett-buying/ I find him and Christohper Tsai highly overvalued at the moment Link to comment Share on other sites More sharing options...
nsx5200 Posted Tuesday at 04:49 PM Author Share Posted Tuesday at 04:49 PM Barron's speculation list: https://www.barrons.com/amp/articles/berkshire-hathaway-mystery-stock-bfd8ec86 Link to comment Share on other sites More sharing options...
gfp Posted Wednesday at 08:08 PM Share Posted Wednesday at 08:08 PM I guess Chubb - do I win?? Link to comment Share on other sites More sharing options...
Hektor Posted Wednesday at 08:11 PM Share Posted Wednesday at 08:11 PM 2 minutes ago, gfp said: I guess Chubb - do I win?? Link to comment Share on other sites More sharing options...
Sweet Posted Wednesday at 08:13 PM Share Posted Wednesday at 08:13 PM Is it Chubb? I’ve not seen anyone predict that, not on COBF or financial media. Link to comment Share on other sites More sharing options...
gfp Posted Wednesday at 08:20 PM Share Posted Wednesday at 08:20 PM 6 minutes ago, Sweet said: Is it Chubb? I’ve not seen anyone predict that, not on COBF or financial media. There was somebody at Barron's who guessed Chubb and that person was correct. Link to comment Share on other sites More sharing options...
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