Report
Greggory Warren
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Berkshire Hathaway Initiates Stakes in JPMorgan Chase, Oracle, PNC Financial, and Travelers in 3Q

There were a few surprises in wide-moat Berkshire Hathaway's third-quarter 13-F filing. While we expected to see buying activity, given the company's recent 10-Q highlighted $17.7 billion in purchases (offset by $5.2 billion of sales), our belief had been that much of that capital had been directed to narrow-moat Apple, with Berkshire having already acquired an additional 86.6 billion shares in the technology firm during the first half of the year and CEO Warren Buffett noting in late August tha...
Underlying
Berkshire Hathaway Inc. Cl A

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

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