No. of Recommendations: 1
Right from the start in late 2011, DVA was a huge position as a percentage of Ted's AUM back then. (Around 20% IIRC).
It was largely established at prices around half of today's or a bit higher, hence it is absolutely no huge winner so far.
See ownership history here:
dataroma.com: DATAROMA Stock Activity HistoryTo be fair, I don't think Ted was looking for a large outperformance in DVA. The position is in one of BRK's pension funds, not in the main equity portfolio. Ted probably wanted a reliable, solid long-term performer and this is what he got.
