As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
While doing this research we’ve also uncovered a number of stocks that superinvestors have sold, or reduced in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling‘. This week we’ll take a look at:
Berkshire Hathaway Inc. Class B (NYSE: BRK.B)
Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm’s core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown off from these and its other operations over the years to acquire Burlington Northern Santa Fe (railroad), Berkshire Hathaway Energy (utilities and energy distributors), and the firms that make up its manufacturing, service, and retailing operations (which include five of Berkshire’s largest noninsurance pretax earnings generators: Precision Castparts, Lubrizol, Clayton Homes, Marmon and IMC/ISCAR). The conglomerate is unique in that it is run on a completely decentralized basis.
A quick look at the price chart below for Berkshire Hathaway shows us that the stock is up 11.78% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Berkshire Hathaway Class B stock include:
(Remaining Shares)
Bill Gates – 42,104,399 shares
Tom Russo – 2,042,091 shares
Chris Davis – 1,519,087 shares
Cliff Asness – 1,405,597 shares
Glenn Greenberg – 1,395,538 shares
Ruane, Cunniff & Goldfarb – 1,048,522 shares
John Rogers – 653,169 shares
Wally Weitz – 626,521 shares
Ed Wachenheim – 395,417 shares
Tweedy Browne – 305,715 shares
Chris Bloomstran – 199,680 shares
Donald Yacktman – 195,075 shares
Joel Greenblatt – 90,872 shares
Murray Stahl – 74,018 shares
Ken Fisher – 65,090 shares
Mario Gabelli – 63,512 shares
Bruce Berkowitz – 59,450 shares
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