Barring Major Stock Investments or Acquisitions, Berkshire's Cash Hoard Will Continue to Grow
There were few surprises in wide-moat Berkshire Hathaway's first-quarter 13-F filing. CEO Warren Buffett had already announced that Berkshire put new money to work in Amazon.com during the quarter, noting that it was one of his lieutenants who purchased the shares, which rings true given that the position size, which cost an estimated $800 million, fell below the $1 billion-plus position size we normally see with stocks Buffett is backing. We were also aware of Berkshire's trimming of its Wells ...Berkshire Hathaway is a holding company. Co.'s subsidiaries are engaged in several business activities which include: underwriting private passenger automobile insurance; operation of a railroad system in North America; regulated electric and gas utility; manufacturing of products including industrial, consumer and building products; wholesale distribution of groceries and non-food items; provider of services including aviation pilot training, electronic components distribution and retailing businesses, including automotive dealerships; and manufactured housing and related consumer financing, transportation equipment, manufacturing and leasing, and furniture leasing.
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