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The conglomerate currently owns almost 22% of the outstanding shares of a top credit card business, which makes up 15% of the entire $288 billion portfolio (as of March 4). This leading financial stock has been a major winner, rising 7,600% since its initialpublicoffering (IPO) in 1972.
Its fully online financialservices provide customers with a wide range of products to fit their needs. Investors who might still be hesitant should understand that Berkshire Hathaway has been a shareholder since Nu's initialpublicoffering in December 2021. The Warren Buffett-led conglomerate owns 2.2%
Buffett's Berkshire Hathaway invested in Nu before its initialpublicoffering in 2021, and the move seemed to have been ill-advised for a while as Nu's shares sank nearly 70% by mid-2022. However, Buffett's conglomerate owns 41.2% of the dialysis services provider. Like Nu, DaVita achieved most of its gains in Q1.
Berkshire Hathaway owns dozens of businesses in its public equities portfolio, with well-known names like Apple , Coca-Cola , and Chevron commanding sizable allocations. But the Oracle of Omaha also likes to own financialservices companies. Is this Warren Buffett stock a smart buying opportunity right now?
Without the need for physical bank branches, and using a mobile-first approach, the business offers customers various financialservices products to tackle their banking needs. Berkshire Hathaway has been a shareholder since Nu's initialpublicoffering, with the conglomerate currently owning 2.2%
Investors are smart to file through the conglomerate'spublic equities portfolio to find new ideas. And it has certainly delivered, as a $10,000 investment in the stock at its initialpublicoffering in 2008 would be worth $171,000 as of this writing, translating to a greater than 1,600% gain that trounces the S&P 500.
Committed €100 million to Montagu VII SCSp, which focuses on Northern European mid-market buyouts in healthcare, critical data, financialservices, digital infrastructure and education. Realized a partial interest of our stake in Viking Holdings for expected net proceeds of C$714 million through the company’s initialpublicoffering.
Sign Up For Free Berkshire's endorsement Nu Holdings had its initialpublicoffering (IPO) in December 2021, just after the stock market's bull run had ended and just before the Federal Reserve embarked on an aggressive rate-hiking cycle. You could say management missed the mark on timing. Nonetheless, it still owns 1.8%
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