Vltava Fund, an investment management company, recently released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. 2023 proved to be a prosperous year for the fund. The letter concentrates on outlining the more noteworthy changes that have occurred within the businesses that the fund owns. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
In its Q4 2023 investor letter, Vltava Fund featured stocks such as Berkshire Hathaway Inc. (NYSE:BRK-B). Headquartered in Omaha, Nebraska, Berkshire Hathaway Inc. (NYSE:BRK-B) engages in the insurance, freight rail transportation, and utility businesses. On January 4, 2024, Berkshire Hathaway Inc. (NYSE:BRK-B) stock closed at $363.68 per share. One-month return of Berkshire Hathaway Inc. (NYSE:BRK-B) was 3.00%, and its shares gained 14.12% of their value over the last 52 weeks. Berkshire Hathaway Inc. (NYSE:BRK-B) has a market capitalization of $797.768 billion.
In its fourth quarter 2023 investor letter, Vltava Fund stated the following regarding Berkshire Hathaway Inc. (NYSE:BRK-B):
“Entire books have been published on Berkshire Hathaway Inc. (NYSE:BRK-B) transactions. One of the best that I can highly recommend is Adam Mead’s 2021 book, The Complete Financial History of Berkshire Hathaway. The book is excellent and detailed, but it, too, will need updating over time. In fact, Berkshire Hathaway writes another interesting chapter in its history every year. A chapter describing 2023 would be quite extensive. At the turn of the year, Berkshire completed its $11.6 billion acquisition of the insurer Alleghany Corporation. A little later, Berkshire increased its stake in Pilot Flying J to 80% and its holdings in five Japanese “sogo shosha” conglomerates to 8.5% (a total investment at current prices of about $20 billion). Through the course of the year, Berkshire also steadily increased its stake in Occidental Petroleum to 37% (including warrants). Berkshire Hathaway continues to be a very unique type of conglomerate whose investments generate huge amounts of cash and which can successfully reinvest that cash again and again over the long term. It is an almost perfect case of a snowball in the markets. Here is one interesting fact: we estimate that the intrinsic value of a single Berkshire share is currently growing at a rate of about $178 per day. When we bought the shares 12 years ago, this was less than $50 a day. The rate of growth is accelerating gradually and with minimal fluctuations. Moreover, Berkshire has additional decades of similar growth still ahead of it.”
A team of insurance professionals in a boardroom overlooking a city skyline.
Berkshire Hathaway Inc. (NYSE:BRK-B) is in 12th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 116 hedge fund portfolios held Berkshire Hathaway Inc. (NYSE:BRK-B) at the end of third quarter which was 109 in the previous quarter.
We discussed Berkshire Hathaway Inc. (NYSE:BRK-B) in another article and shared the list biggest multinational companies headquartered in the US. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
