Buffett Adds Stocks in Pension Handoff to Lieutenants

[fareastwarriors]

http://www.bloomberg.com/news/2013-10-17/berkshire-adds-stocks-in-pension-handoff-to-buffett-lieutenants.html

 

Buffett Adds Stocks in Pension Handoff to Lieutenants

[jeffmori7]

Thanks for sharing.

 

So usually, when we look at Berkshire ortfolio, be it in the annual report or on a website like dataroma.com, does it include holdings from the pension funds?

[Grenville]

Thanks for sharing.

 

So usually, when we look at Berkshire ortfolio, be it in the annual report or on a website like dataroma.com, does it include holdings from the pension funds?

 

Not sure what dataroma does, but if you look at the 13F it does specify where the shares are held and it does include the pension shares. The annual report does not include the pension shares as they aren't directly part of Berkshire's investment portfolio.

 

From the 2012 AR:

Todd and Ted also manage the pension funds of certain Berkshire subsidiaries, while others, for regulatory reasons, are managed by outside advisers. We do not include holdings of the pension funds in our annual report tabulations, though their portfolios often overlap Berkshire’s.

[Grenville]

Davita is a good example to see how things work. It's held in a bunch of places including the pension plan.

 

Here is the 13G for Davita

http://www.sec.gov/Archives/edgar/data/927066/000119312513235829/d543063dsc13ga.htm

 

The 13F for June 2013

http://www.sec.gov/Archives/edgar/data/1067983/000095012313006925/xslForm13F_X01/form13fInfoTable.xml