3. Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Holders: 104
Berkshire Hathaway Inc. (NYSE:BRK-B) is an Omaha, Nebraska-based diversified conglomerate that owns a broad portfolio of businesses in industries ranging from energy generation and distribution to insurance, manufacturing, and retailing.
Despite the broader market having a difficult 2022, Berkshire Hathaway Inc. (NYSE:BRK-B) has been able to post returns of 4.47% YTD. Analysts think the company is attractively valued, which makes it one of the best bear market stocks to invest in. The company led by the Oracle of Omaha, Warren Buffett, initiated a position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on November 15. Experts think that the semiconductor industry has found its bottom, and this has caused the veteran billionaire investor to initiate a position in the stock. Overall, the net purchases of stock for Berkshire Hathaway were valued at $3.7 billion during Q3 2022.
Vltava Fund discussed its stance on Berkshire Hathaway Inc. (NYSE:BRK-B) in its Q4 2021 investor letter. Here’s what the firm said:
“BERKSHIRE HATHAWAY INC.
To the Shareholders of Berkshire Hathaway Inc.:
Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.
Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.
Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.
A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.
Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.
What You Own
Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.
Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers…” (Click here to see the full text)
