Halls of Shrewd'm / US Policy❤
No. of Recommendations: 4
Berkshire's BV (not BV/share) rose $31,130 million during Q1 ($504,554 million - $473,424 million). The value of Berkshire's Apple shares rose $31,303 million (895,136,175 shares times $34.97). Thank you, Apple.
No. of Recommendations: 4
Berkshire's Apple position rose by $6.5 billion on Friday.
No. of Recommendations: 0
895,136,175 shares times $34.97). Thank you, Apple.
Well it is even better than that since Berkshire owns over 915 million Apple shares.
No. of Recommendations: 0
Yea. A lot of shares tucked away under one of the insurance subs. I just forget which one but 915 million is accurate
No. of Recommendations: 0
Thank you, Nola. 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?
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
No. of Recommendations: 0
Thank you.
