Berkshire's Fourth-Quarter Portfolio Changes
The biggest changes came from transactions entered into during the 2008-09 financial crisis.
Market Update
Mentioned: Phillips 66 (PSX)
, Liberty Formula One Group (FWONA)
, Berkshire Hathaway Inc (BRK.A)
, Suncor Energy Inc (SU)
, USG Corp (USG)
, Moody's Corporation (MCO)
, DaVita Inc (DVA)
, U.S. Bancorp (USB)
, Walmart Inc (WMT)
, DISH Network Corp (DISH)
Wide-moat Berkshire Hathaway's (BRK.B) fourth-quarter 13-F filing, which details the firm's equity holdings at the end of the December quarter, held few surprises, with the biggest changes coming from transactions entered into during the 2008-09 financial crisis.
In the fourth quarter, Berkshire not only exercised the warrants it received from General Electric (GE) and Goldman Sachs (GS) as part of capital infusions made during the crisis, receiving 10.7 million shares of GE and 13.1 million shares of Goldman in the process, the insurer also more than doubled its stake in USG (USG) after that firm redeemed convertible debt issued to Berkshire in early 2009.
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Greggory Warren does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.