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Berkshire Hathaway - 2 Buffett - 2 Warren Buffett - 1 — Warren - 1 Berkshire didn't - 1 See's - 1 hasn't - 1 Josh Funk - 1
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Omaha , Nebraska Berkshire Omaha OMAHA Neb berkshire
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☆ Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
  + stars: | 2024-11-02 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. Berkshire Hathaway 's monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. Meanwhile, since mid-July, Berkshire has reaped more than $10 billion from offloading its longtime Bank of America investment. Overall, the 94-year-old investor continued to be in a selling mood as Berkshire shed $36.1 billion worth of stock in the third quarter. The company states that it will buy back stock when Chairman Buffett "believes that the repurchase price is below Berkshire's intrinsic value, conservatively determined."
Persons: Warren Buffett, Berkshire Hathaway, Buffett Organizations: Berkshire, Oracle, Apple, Bank of America Locations: Omaha , Nebraska, Omaha, Berkshire
☆ Warren Buffett's Firm Reports $12.8 Billion Loss as Investments Fall but Its Insurers Performed Well
  + stars: | 2023-11-04 | by ( Associated Press | Nov. | At A.M. | ) www.usnews.com   time to read: +3 min
(AP) — Warren Buffett's company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well. Berkshire Hathaway said Saturday that it lost $12.8 billion, or $8,824 per Class A share, in the quarter. That's significantly bigger than the $2.8 billion loss, or $1,907 per Class A share, that it reported a year ago. A year ago, the insurers reported a $1.1 billion loss in the third quarter. The biggest driver in that increase in expenses was a $1.3 billion loss related to wildfires at its PacifiCorp unit.
Persons: — Warren, Berkshire Hathaway, Berkshire didn't, Buffett, See's, hasn't, Josh Funk Organizations: Berkshire, Apple, Accounting, FactSet Research, BNSF, hathaway Locations: OMAHA, Neb, Berkshire, Omaha , Nebraska, berkshire
☆ Warren Buffett's Berkshire Hathaway slashed 3 big stock bets last quarter - and topped up its huge Apple stake
  + stars: | 2023-02-14 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Warren Buffett's Berkshire Hathaway made striking changes to its stock portfolio last quarter. The famed investor's company cut its stake in Taiwan Semiconductor — which it only established in the third quarter of last year — by 86% to 8.3 million shares. Buffett's conglomerate also pared its US Bancorp stake by 91% to fewer than 7 million shares, worth just under $300 million at the end of December. Similarly, it sliced its BNY Mellon position by about 60% to 25 million shares, worth $1.1 billion at year end. Berkshire didn't add any new names to its US stock portfolio last quarter, nor did it eliminate any holdings.
☆ Berkshire Hathaway's stock has gotten a lot cheaper since Warren Buffett's buyback binge
  + stars: | 2022-07-19 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
A combination of factors have made Berkshire's stock cheaper. Besides the recent pullback in share prices, Berkshire's various assets have increased in value drastically in recent years, compressing the multiple of the stock. Record buybacks Warren Buffett has supported Berkshire's stock through an aggressive and consistent buyback program over the past few years. Slowdown began In the first quarter, however, Berkshire's stock buybacks slowed down to $3.2 billion from $6.9 billion in the fourth quarter of 2021 as share prices skyrocketed to a record high. Buffett himself told shareholders at its annual meeting this year that he would prefer acquiring stakes in other companies to share repurchases.
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