Berkshire Hathaway’s stock investments were worth $237.5 billion at year-end 2019. Of the 52 publicly traded companies owned by the conglomerate, a sizable number were firms in the financial sector — including these 10 large holdings.
10. Berkshire Hathaway had a $1.6 billion investment in
Mastercard last year, giving it a 0.5% stake.
9. Berkshire held $2.1 billion in
Visa, or 0.5% of its total shares.
8. With a $2.7 billion investment in
Goldman Sachs, Berkshire’s stake was 3.4%.
7. The conglomerate owned $3.4 billion, or 8.6%, of
Bank of New York Mellon (the parent firm of Pershing) at the end of 2019.
6. Berkshire Hathaway had some $6.6 billion invested in ratings agency
Moody's Corp. in late 2019, giving it a 13% stake.
5. The Oracle of Omaha was holding about $7 billion in
US Bancorp, or 8.5% of the bank.
4. The conglomerate had nearly $8 billion invested in
JPMorgan Chase late last year, giving it a 1.9% share in the Wall Street institution.
3. At $15 billion, Berkshire’s holding in
Wells Fargo represents 7.6% of the bank.
2. The conglomerate had some $19 billion invested in
American Express last year, giving it an 18.5% stake in the credit card firm.
1. Berkshire’s $30 billion stake in
Bank of America is its largest investment in financial services but accounts for just 10.3% of the bank.
Warren Buffett’s holding company, Berkshire Hathaway, just reported the details of its portfolio (as of Dec. 31, 2019) to the Securities and Exchange Commission.
The conglomerate’s $237 billion in public holdings at year-end included Apple ($73 billion), Coca-Cola ($23.5 billion), Delta Air Lines ($3.9 billion) and Amazon ($1.1 billion) — as well as a host of financial services companies.
Berkshire had a return of 11% in 2019 vs. 31.5% for the S&P 500. In 2018, though, Berkshire had a 2.8% return vs. -4.4% for the S&P.
After taxes, the conglomerate earned $81.4 billion in 2019: $24 billion of operating earnings, $3.7 billion of realized capital gains and a $53.7 billion gain from an increase in the amount of net unrealized capital gains in its stocks (as per a new accounting rule).
Check out the gallery above to see Berkshire’s biggest holdings in the financial services industry, ranked by the dollar value of the investment as of Dec. 31.
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