Report
Greggory Warren, CFA
EUR 147.86 For Business Accounts Only

Berkshire Takes to the Skies With Purchases of American Airlines, Delta, and United Continental

While we had expected to talk more heavily about Phillips 66, which Berkshire Hathaway continued to add to its position in during the third quarter, or Wells Fargo, which was under pressure over the news of its aggressive and occasionally fraudulent sales practices, the top story out of the company's most recent 13-F filing was the purchase of shares of American Airlines Group, Delta Air Lines, and United Continental Holdings, with the investment managers at Berkshire making a more than $1 billi...
Underlying
Berkshire Hathaway Inc. Class B

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Greggory Warren, CFA

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