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 43% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Berkshire Hathaway include:
(Remaining shares)
Bill Gates – 37,104,399
Tom Russo – 1,984,710
Glenn Greenberg – 1,386,826
Cliff Asness – 1,371,298
Wally Weitz – 566,300
John Rogers – 470,917
Jim Simons – 444,900
John Hempton – 427,704
Edgar Wachenheim – 297,138
Tweedy Browne – 295,259
Ken Griffin – 164,337
Israel Englander – 143,847
Ken Fisher – 63,761
Murray Stahl – 63,175
Mario Gabelli – 63,106
Joel Greenblatt – 34,153
Chuck Akre – 17,949
Steven Romick – SOLD OUT
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