3G Capital today sold 25 million shares, or 9% of its stake, in Kraft Heinz at $28.44 per share for $713 million. Jorge Lemann bought 3.5 million shares at $28.60 for $100 million. Q2 hedge fund letters, conference, scoops etc Berkshire Hathaway remains the largest shareholder of Kraft Heinz with a...
David Rubenstein was interviewed on CNBC this morning. These are the highlights: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot (1) We can have a deal with China within 4 months (by December 15?). (2) We had an inverted yield curve for “10 minutes”. In 2007 we had an...
In an SEC 13F filing released after the market closed today, Berkshire Hathaway revealed an 11% increase ($100 million) in its stake in Amazon during the second quarter of 2019. This stake is now valued at about $1 billion. (Todd Combs or Ted Weschler) Q2 hedge fund letters, conference, scoops...
Berkshire Hathaway released its second quarter earnings report this morning. Q2 hedge fund letters, conference, scoops etc The highlights were: (1) Berkshire Hathaway’s operating earnings declined by 11% during the second quarter, primarily as a result of a 63% decline from insurance underwriting. (2) Berkshire’s cash position increased to $122 billion from $114 billion...
In an SEC Form 3 filing last night, Berkshire Hathaway disclosed that it owned 950 million shares of Bank of America as of July 17. This stake is currently valued at $29 billion, which is Berkshire’s second largest common stock holding behind its $50 billion stake in Apple. Q2 hedge...
The 2019 winning charity bid on eBay for lunch with Warren Buffett was $4,567,888. This was the 2oth annual lunch with Warren Buffet to benefit the Glide Foundation and it set a new record, exceeding the previous highest bid of $3,456,789 in 2012. There were only 4 bidders who...
Kraft Heinz (KHC) is currently trading below Berkshire Hathaway’s (BRK.A, BRK.B) purchase price in 2015. Q1 hedge fund letters, conference, scoops etc Berkshire Hathaway owns 26.7%, or 325,442,152 shares, of Kraft Heinz and purchased its stake with a cost basis of $9.8 billion, or $30.11 per share. At its current price...
Facebook co-founder Chris Hughes and Massachusetts Sen. Elizabeth Warren have called for the breakup of Facebook and other tech giants, and at least two other Democratic presidential hopefuls say it’s a suggestion worth studying. However, Clinical Professor of Finance David Kass at the University of Maryland’s Robert H. Smith...
The 6 largest companies by market capitalization are: Q1 hedge fund letters, conference, scoops etc mohamed_hassan / Pixabay (1) Microsoft (MSFT) - $974 billion (2) Apple (AAPL) - $936 billion (3) Amazon (AMZN) - $931 billion (4) Alphabet (GOOGL) - $811 billion (5) Facebook (FB) -$538 billion (6) Berkshire Hathaway (BRK.A) (BRK.B) - $516 billion Article by Dr. David...
These are 5 highlights of the Berkshire Hathaway annual meeting: Q1 hedge fund letters, conference, scoops etc (1) Apple – Both Warren Buffett and Charlie Munger are very bullish on Apple. “We like the fact that it is our largest holding” ($54 billion). They would buy more shares at a lower...
Warren Buffett was interviewed by Becky Quick on CNBC today. Q4 hedge fund letters, conference, scoops etc The 7 highlights were: (1) On Lyft’s IPO: “Buying new offerings during hot periods in the market — I don’t think it’s anything the average person should think about at all.” (2) “It does look like the...
StoneCo Ltd. (STNE), a financial technology company in Brazil, is up 20% in extended hours trading at $41.44 on higher than expected earnings. It is now 70% above the IPO price of $24 paid by Todd Combs of Berkshire Hathaway in October, 2018. Q4 hedge fund letters, conference, scoops etc StoneCo...
Today is the 10th Anniversary of the stock market bottom of March 9, 2009. From October 9, 2007 through March 9, 2009 (17 months), the Dow Jones Industrial Average declined by 55%, with the S&P 500 declining by a similar percentage. The Great Recession officially began in December, 2007...
In an SEC Form 4 filing, Berkshire Hathaway revealed that it added $250 million to its $3 billion stake in Delta Airlines last week at about $49 per share. It currently owns a 10% stake in Delta Airlines. Q4 hedge fund letters, conference, scoops etc Article by Dr. David Kass
Warren Buffett’s Letter to Shareholders and Berkshire Hathaway’s Annual Report were released this morning at 8:00 a.m. ET. Q4 hedge fund letters, conference, scoops etc Five highlights were: (1) Berkshire Hathaway’s 2018 operating earnings rose by 71% vs. 2017. (2) Berkshire Hathaway’s shares outperformed the S&P 500 (with dividends included) by 7.2% in 2018...
These are 5 quotes from Warren Buffett’s Letter to Shareholders: Q4 hedge fund letters, conference, scoops etc (1) “2019 will likely see us again expanding our holdings of marketable equities. We continue, nevertheless, to hope for an elephant-sized acquisition. Even at our ages of 88 and 95 – I’m the young one...
Warren Buffett was interviewed on CNBC today from 6 – 9 a.m. ET. The 10 highlights were: Q4 hedge fund letters, conference, scoops etc (1) Berkshire overpaid for Kraft Heinz which is losing pricing power and market share to private label brands such as Kirkland (Costco). Berkshire is not planning to either...
After the market closed on February 14, Berkshire Hathaway released its SEC-13F filing for the quarter ending December 31, 2018. Q4 hedge fund letters, conference, scoops etc The largest changes were as follows: New positions: (1) Red Hat ($700 million) (2) Suncor Energy ($300 million) (Note: Berkshire had a position during the third quarter...
I was interviewed in this Smith Brain Trust (University of Maryland) article on the 2019 outlook for the economy and stocks. Q3 hedge fund letters, conference, scoops etc mohamed_hassan / Pixabay These Companies Are Poised For Excitement In 2019 SMITH BRAIN TRUST – Like the big man in the North Pole, Maryland Smith’s...
By Dr David Kass In an SEC 13F filing after the market closed today, Berkshire Hathaway revealed a net increase of $14 billion in its common stock portfolio during the third quarter of 2018. This is the largest quarterly increase in its common stock investments in many years. These increases, primarily...
Berkshire Hathaway today released its Form 10-Q for the third quarter of 2018. Five highlights during the third quarter were: (1) Berkshire’s operating earnings increased by 100% as compared to the third quarter of 2017. (2) Berkshire repurchased $928 million of its stock, indicating that both Warren Buffett and Charlie Munger conclude...
In this Jeff Bezos interview (1 hour and 9 minutes) the Amazon CEO quotes from Warren Buffett and explains why he bought the Washington Post which is now profitable and hiring additional staff by becoming a national and global newspaper via the Internet. Amazon located in Seattle, Washington so...
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