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- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 13
No. of Recommendations: 0
Also a big purchase of Delta Airlines $2.6 billion.
No. of Recommendations: 1
Berkshire Added Positions in Delta and Macy’s During Abel’s First Quarter as CEO
The company exited positions in Amazon, Mastercard, Visa and UnitedHealth, among many others Berkshire Hathaway took new positions in Delta Air Lines and Macy’s during its first quarter with Greg Abel as chief executive.
The company also exited its positions in Amazon.com, Domino’s Pizza, Mastercard, Visa, and UnitedHealth Group, among others, during the March quarter.
The Omaha, Neb., company disclosed its stockholdings in a regulatory filing Friday afternoon.
The exited holdings, all on the smaller side in Berkshire’s stock portfolio, might have been positions managed by former investment manager Todd Combs. The Wall Street Journal reported in April that Abel unloaded the stocks managed by Combs, who decamped for JPMorgan Chase. https://www.wsj.com/finance/investing/berkshire-ad...
No. of Recommendations: 0
Berkshire Hathaway (BRK.A) (BRK.B), now helmed by Greg Abel, shed stakes in Visa (V) and Mastercard (MA), took a new stake in Delta Air Lines (DAL) valued at $2.65B, boosted holdings of Alphabet (GOOGL) class A shares, and reduced its stake in Bank of America (BAC), according to its 13F filing on Friday.
Other positions closed during the quarter included UnitedHealth Group (UNH), Aon (AON), Amazon (AMZN), Domino's Pizza (DPZ), and Liberty Latin America (LILA) (LILAK).
The investment behemoth established new stakes in Alphabet (GOOG) class C shares with 3.59M shares valued at $1.03B and Macy's (M) with 3.04M shares valued at $55M.
Stakes that were increased include Alphabet class A shares (GOOGL) to 54.2M shares from 17.8M, the New York Times (NYT) to 15.1M shares from 5.07M, and Lennar (LEN) to 10.3M shares from 7.23M.
Among the biggest decreases, Chevron (CVX) went to 84.4M shares from 130.2M, Bank of America (BAC) fell to 513.6M shares from 517.3M, and Nucor (NUE) dropped to 3.91M shares from 6.41M, according to the filing.
After the filing, Delta Air (DAL) stock rose 3.2%, and Macy's (M) climbed 5.4% in after-hours trading.
No. of Recommendations: 0
Warren had mentioned that he had made a "small purchase". Guessing it was M.
No. of Recommendations: 1
GOOGL position tripled.
No. of Recommendations: 13
We are going to have to send the buyer of Delta back to the AA meetings.(Airlines Anonymous).
J K
No. of Recommendations: 18
Delta Airlines $2.6 billion.
"Oh no, not again", thought the bowl of petunias.
Jim
No. of Recommendations: 0
No. of Recommendations: 1
Should be a super rec for the Douglas Adams reference. Well done.
Jk
No. of Recommendations: 0
Alphabet $15.6bn position now
No. of Recommendations: 0
Buying Bill Ackmans stake. 13fs are my fav very interesting to review.
No. of Recommendations: 5
No. of Recommendations: 1
I’m kind of curious about what these moves say about BRK‘s investment strategy going forward. I always thought the basic strategy was to buy companies that throw off cash and use that cash to buy other reasonably-valued companies that throw off cash, getting larger and larger in scale until BRK itself became a self-sustaining, cash-generating machine. This seems to have worked so well that we now have a mountain of cash that we can’t sensibly deploy. A good problem to have, but still a problem, especially if it means the strategy has stopped working.
So my question is this: aside from the frustration of holding too much cash right now, which requires us to exercise patience, is this (still) a viable/winning strategy? If not, other than dividends or buybacks, what options do we have?
abromber
No. of Recommendations: 1
Alphabet $15.6bn position now
That was March 31.
Closer to $23B today. ~57.835M shares * ~$393 = ~$22.729B.
Let's hope he added in early April too. It didn't spiked up until the April 21-28 timeframe.
