5 Bargains in Berkshire's Portfolio
We think these holdings look undervalued.
Last week, Berkshire Hathaway (BRK.A)/(BRK.B) released its second-quarter 13-F. Morningstar's resident Berkshire specialist, Gregg Warren, noted that the behemoth was a net seller of equities during the quarter. True, Berkshire picked up shares of Barrick Gold (GOLD) and bumped up its stakes in Liberty SiriusXM (LSXMA), Store Capital (STOR), Kroger (KR), and Suncor Energy (SU). However, each of these pickups accounts for less than 1% of Berkshire's portfolio, reminds Warren.
As for sales, Warren Buffett revealed during Berkshire's virtual annual meeting that the team had sold its entire airline stake in April. Moreover, Berkshire jettisoned its stake in Goldman Sachs (GS) and trimmed its overall exposure to financials stocks during the quarter.
Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.