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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch 🐝🐝🐝 GOLD
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Number: of 21940 
Subject: Re: Apple surge
Date: 05/08/23 6:27 AM
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No. of Recommendations: 15
It looks like the difference is the shares owned by New England Asset Management. Why aren't New England Asset Management's holdings consolidated under Berkshire Hathaway's?

I don't know the answer.
But check the column for who the voting control lies with.
Remember that 13fs are NOT intended for the purpose of disclosing portfolio holdings, they are intended to allow the government to track who has control of US companies.
That's why they exclude non-US firms and derivatives which may be functionally equivalent to investment ownership but do not confer voting control.
Consequently the rule for consolidation within a 13f is not the same as the rule for consolidation on GAAP financial statements.

Jim

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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