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Buffett subsequently shut down Berkshire's textile business and transformed it into a diversified conglomerate with subsidiaries across the insurance, railroad, energy, and consumer staples sectors. billion stake now accounts for 2.9% Those subsidiaries generated plenty of cash for building Berkshire's investment portfolio.
State-backed financial conglomerate Poste Italiane is set to acquire state lender CDPs 9.8% stake in TIM, with an official announcement expected soon. CVC had been in talks to acquire Vivendis 24% stake in TIM, positioning itself as the companys largest investor. Both TIM and Poste declined to comment.
Berkshire Hathaway , the massive conglomerate run by investing legend Warren Buffett , sold a lot of shares in 2024. Buffett and Berkshire historically have been excellent at buying high-quality companies at attractive prices and holding them for long periods.
However, Berkshire's stake is worth $2.2 billion as of this writing, so the conglomerate can still make a lot of money in the long run if Amazon's AI bets pay off. AI definitely wasn't part of Buffett's Coca-Cola investment thesis back then, but the technology could add significant value to his stake from here. Coca-Cola: 8.4%
SK, the holding company of South Korea’s second-largest conglomerate, SK Group, plans to sell a stake worth KRW2.7tn ($1.86bn) in its specialty gas manufacturing subsidiary, SK Specialty, to the local private equity firm Hahn & Company, according to a report by Reuters.
India’s Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300m, as it seeks to bet on the country’s affluent shoppers, three sources familiar with the matter said. The ongoing stake sale talks are Rare Rabbit’s first external fundraising exercise.
The Buffett-led conglomerate unwound a large chunk of its stake in the iPhone maker in the second quarter, the company revealed in its recent earnings report. Berkshire had begun selling Apple in the first quarter, and the value of its stake in the tech giant is down 56% from the end of 2023, when it was worth $174.3
The wraps are finally off, with Berkshire's most recent 13-F filing disclosing all the conglomerate's equity positions as of the end of the first quarter. Buffett acquired nearly 26 million shares of the company over the past three quarters, a stake that's now worth about $6.9 Here's the mystery stock Buffett's been buying.
began selling significant portions of its monster Apple stake. However, the conglomerate did make a few stock buys in the second quarter. It finally happened. This year, Warren Buffett and Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A) That stock was worth around $80 billion based on Apple's current share price.
However, from time to time, a company may invest in other businesses and acquire a small equity stake. Yandex is a Russian-based internet conglomerate, similar to what Alphabet 's Google is for the U.S. Nebius has an interesting history I wouldn't be surprised if you've never heard of Nebius. and many Western nations.
According to Berkshire's 13-F filing for the second quarter of 2024 (ended June 30), the conglomerate just sold a substantial amount of stock, which implies Buffett might be feeling cautious about the broader market. It's the most money the conglomerate has invested in any company since Buffett took the helm in 1965.
That's twice as much as the conglomerate has invested in any single company in its entire history. Plus, Berkshire is on track to earn $776 million in dividends from its Coca-Cola stake in 2024 alone. The conglomerate generated $49 million in revenue during 1965, and that number is on track to come in at $368 billion in 2024.
The conglomerate'sstake in BofA is currently worth a whopping $30.6 5 spot in Berkshire's portfolio with a stake of around $15.7 billion worth of Oxy shares, enough to make it the conglomerate's sixth-largest holding. Berkshire's stake in the Japanese conglomerate totals nearly $5.6 billion stake in HP.
Its stake in Apple is worth $90.7 billion even after Buffett nearly halved the conglomerate's position in the iPhone maker. Berkshire's stake in AmEx totals close to $38.5 Two oil stocks round out the top six, Chevron and Occidental, with Berkshire's stakes totaling nearly $17.6 billion of the conglomerate's $42.3
After months of speculation, in its most recent 13F disclosure, the conglomerate revealed that the mystery position was commercial property and casualty insurance company Chubb (NYSE: CB). As of this writing, Berkshire's stake in Chubb was worth about $6.8 Buffett is very familiar with the insurance business.
That's despite some significant sales from the Oracle of Omaha over the past three quarters, including about half Berkshire’s stake in the second quarter. In 2023, he called Apple "a better business than any we own," referencing the portfolio of wholly owned companies that fall under the Berkshire Hathaway conglomerate.
Buffett's biggest contrarian bet Chevron (NYSE: CVX) ranks as Berkshire Hathaway 's fourth-largest holding, with the conglomerate's position worth nearly $19.1 Sure, Buffett trimmed Berkshire's stake in Chevron by 2.5% The conglomerate'sstake in Occidental Petroleum is worth nearly $15.7 earlier this year. of Occidental.
While Buffett still runs Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , the firm that he took over in 1965 and built into one of the largest conglomerates in the world, he now has many other investors that work with him at Berkshire and have their own autonomy including Todd Combs and Ted Weschler. if Berkshire wanted to.
latest 13F filing revealed that the conglomerate trimmed its stake in Amazon by roughly 5%. However, Buffett said that several of the conglomerate's major equity holdings were overseen by the two investment managers. Of course, it's possible that Buffett became personally involved with the Amazon stake later.
The conglomerate's success stems from Buffett's simple investment strategy : He likes companies with steady growth, robust profitability, strong management teams, and shareholder-friendly initiatives like stock buyback programs and dividend schemes. That's why investors closely monitor Berkshire's every move. It agreed to spend $1.1
But three stocks Berkshire already owns are set to benefit tremendously from AI, and they account for more than 45% of the conglomerate's entire $398.7 Berkshire Hathaway bought its stake in Snowflake around the time of the data cloud specialist's initial public offering in 2020, so it likely paid around $120 per share. Apple: 44.5%
Much of the conglomerate's success has been the result of smart stock picking by Buffett -- or as he would prefer to say, business picking. Berkshire first initiated a stake in Paramount Global in the first quarter of 2022. The conglomerate now owns over 15% of Paramount, with its stake worth close to $1.3
Consumer tech giant Apple is still the largest holding in Berkshire Hathaway's massive equities portfolio, and the conglomerate owns stakes in other innovative companies as well. In fact, one of those companies is starting to eat Tesla 's lunch. BYD shares are up by more than 2,000% since it opened its position.
Private equity firm KKR plans to cut its stake in Kokusai Electric, two people familiar with the matter said, cashing in after a blistering run for shares in the Japanese chip equipment maker. KKR, which holds around 43% of Kokusai’s shares, plans to sell about half of its stake to investors, one of the people said.
The claims piled onto the already struggling stock, which had previously been a longtime holding of Warren Buffett's conglomerate, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Buffett and his team have an excellent track record of evaluating management, which is a big reason for the conglomerate's long-term success.
Buffett's conglomerate has been steadily selling off Bank of America, and it's not fully clear why. Some have suggested that Berkshire is interested in getting its stake below 10% so it doesn't have to report its activity in the stock anymore. In recent years, Bank of America (NYSE: BAC) has been Berkshire's No.
With the sale of its 70% stake in satellite television provider DIRECTV, telecom giant AT&T (NYSE: T) is finally fully out of the media business. The company wasted many billions of dollars over the past decade in an ill-fated attempt to transform itself into a media conglomerate. It paid a staggering $48.5
The position accounted for almost half of the conglomerate's entire stock portfolio, and considering it only had a cost-basis of around $38 billion, it was sitting on a very nice profit. Buffett said it was for tax reasons, but then Berkshire proceeded to sell a whopping 49% of its remaining Apple stake during Q2! of its portfolio.
of the conglomerate's $362 billion portfolio of publicly traded stocks and securities today. However, the conglomerate might wish it owned a larger stake in the coming years as the AI opportunity unfolds. Thanks to a significant increase in stock price, Berkshire's stake in Apple is currently worth a whopping $143.5
The conglomerate owns substantial positions in private and public success stories like GEICO, Coca-Cola , and even Apple. That's just one of the conglomerate's many success stories. It would be even larger, but the conglomerate recently sold 13% of its position (reportedly for tax reasons). billion accounting for 39.7%
Shares of the Japanese conglomerate have skyrocketed over 40% this year. Berkshire owns stakes of roughly 9% in five Japanese trading companies. However, when Berkshire owns a stake in a company, Buffett owns a stake too. That could be a smart decision. Mitsubishi's business spans a wide range of industries.
The conglomerate first started buying shares in the iPhone maker during the first quarter of 2016. stake in Apple thanks to its holding of nearly 916 million shares. This sizable cash infusion would only exacerbate the conglomerate's problem. Many people believe that Warren Buffett is the greatest investor ever.
As Chairman and CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , Buffett is in charge of managing the bulk of the conglomerate's equity portfolio. But he really made headlines when he sold nearly half of Berkshire's remaining stake last quarter. The stock remains close to 30% of the conglomerate's portfolio.
People tend to want to own stakes in exciting companies making headlines. Berkshire is a basket of stocks and a bunch of privately owned (not publicly traded) companies that collectively make up a massive conglomerate. The ultimate moral of the story is to begin building your stake in Berkshire as soon as possible.
Berkshire Hathaway's 400 million shares of Coca-Cola are worth nearly $26 billion, by the way -- the conglomerate's fourth-biggest holding. Buffett -- or at least one of his lieutenants -- has been shedding its stake in Apple (NASDAQ: AAPL) for some time now. That in and of itself is a hint worth taking.
Sure, shares of the giant conglomerate jumped 15%. Buffett's stake in Amazon (NASDAQ: AMZN) is much smaller. The telecommunications company is a relatively small position for Buffett, with Berkshire's stake currently worth around $850 million. The Nasdaq-100 was sizzling hot in 2023, skyrocketing nearly 54%. wasn't as hot.
Given enough time, shares of this buy-and-hold-minded conglomerate reliably outperform the S&P 500 (SNPINDEX: ^GSPC) even though they seemingly shouldn't. Buying a big enough stake in Berkshire Hathaway today, in fact, could arguably set you up for life. Where to invest $1,000 right now?
The conglomerate's portfolio includes a host of high-quality stocks like Apple , Coca-Cola , and American Express , but in 2020, it acquired a small stake in cloud computing company Snowflake (NYSE: SNOW). of the conglomerate's $312 billion portfolio. million today. Here's why I'm not surprised. Image source: The Motley Fool.
Buying a stake in Activision proved to be a lucrative move for Berkshire. By the end of 2022, its stake had been trimmed to 6.7%. The giant conglomerate'sstake was reduced to only 1.9%. However, Buffett later personally entered the fray and increased Berkshire's stake in Activision. of Activision.
More recently, he made what may be a once-in-a-generation bet on Southeast Asian conglomerate Sea Limited (NYSE: SE) after having sold most of his shares in 2022. Ultimately, internal and external factors increase the likelihood that Sea Limited will become one of the world's premier e-commerce conglomerates.
Domino's was one of just five new additions to the conglomerate's portfolio, which might be a very bullish sign for the pizza giant. It never sold a single share, and today, that stake is worth over $25 billion. Winning the approval of Buffett and his team wasn't easy last year, because Berkshire was a net seller of stocks overall.
The company's substantial stake in Apple (NASDAQ: AAPL) , which recently announced the advent of "Apple Intelligence," could help mitigate the risks associated with widespread technological disruption. What's the big picture? Berkshire Hathaway's stock portfolio doesn't reflect this important dynamic.
In particular, the conglomerate's decision to sell much of its stake in Apple (NASDAQ: AAPL) this year caused some to scratch their heads. But Buffett's conglomerate has sold stock over the last three quarters, through the second quarter of 2024. (It Berkshire's stock moves always attract attention because of Buffett's stature.
Although it is the leading e-commerce conglomerate in China, its stock has suffered amid political turmoil. Alibaba is an American Depositary Receipt rather than an actual stake in Alibaba. Still, if one can stomach the political risk, the stock could become a tremendous opportunity to buy an e-commerce conglomerate at a huge discount.
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