Friday, November 15, 2013

Berkshire News Briefs - 11/15/13

The big news of the week is the quarterly release of the 13F, showing the changes to Berkshire Hathaway's stock portfolio for the quarter that ended on September 30, so let's start with that.

Berkshire Hathaway Stock Holdings (Dataroma)

I always link to this site every quarter... it gives a great rundown of all the current holdings and highlights the changes.

Warren Buffett Makes Major Moves (Fool)

The latest SEC filing from Warren Buffett's Berkshire Hathaway listing the company's stock holdings at the end of the third quarter was released today, and the Oracle of Omaha has made some significant changes to his portfolio. [...]

1. Added a $3.5 billion position in ExxonMobil
2. Sold $500 million worth of ConocoPhillips
3. Unloaded 75% of the GlaxoSmithKline

Why Did Buffett Reduce ConocoPhillips Stake And Add Exxon Mobil? (Seeking Alpha)

Berkshire Hathaway's latest disclosure revealed the company sold 10.7 million shares of ConocoPhillips shares while buying 40 million shares of Exxon Mobil. At first blush, it is hard to understand Mr. Buffett's rationale. We'll look at several different reasons why Buffett may have made the move and try to figure out what he's thinking.

Berkshire Hathaway increases DaVita stake (NASDAQ)

This is notable because it happened just last week, after the reporting period for the 13F changes above.

Berkshire Hathaway, already a beneficial owner of shares of DaVita Healthcare Partners Inc., bought 3,700,294 shares of that company's common stock between Nov. 6 and Nov. 8. At prices ranging from $53.25 to $55.98 per share, Berkshire paid a total of $204,046,688 while increasing its stake in the company by 11.8%.

Berkshire Hathaway Specialty Insurance Adds Healthcare Risk Management (MarketWatch / BusinessWire)

Berkshire Hathaway Specialty Insurance today announced that it is expanding its healthcare professional liability capabilities to provide customers with highly customized risk management support. The company will now reimburse qualified healthcare professional liability insurance policyholders for the costs of pre-approved risk management services of their choice.

Warren Buffett’s 9/11 payday (NY Post)

Mayor Bloomberg has recruited fellow billionaire Warren Buffett to take over a taxpayer fund set up to pay claims stemming from the toxic Ground Zero cleanup, The Post has learned. A surprise plan under review would give $270 million in federal funds managed by the World Trade Center Captive Insurance Co. — a nonprofit entity controlled by Bloomberg appointees — to Buffett’s holding company, Berkshire Hathaway, which would convert the cash into a $600 million commercial-insurance policy. Buffett’s company would absorb the risk of new 9/11 litigation and health claims, though it’s unclear how much profit he stands to make on the deal. The city would receive no dividends, an official said.

Should You Buy Berkshire Hathaway Today? The Behavioral Finance View (Forbes)

Oceans of e-ink have been spilled analyzing the pros and cons of Berkshire Hathaway. Should you put a dime into this particular jukebox? I doubt whether anything new remains to be said on the fundamental or technical side. Instead, as a psychologist, I want to walk you through what Hegel, Husserl and Heidegger (or Moe, Larry and Curly) might call the phenomenolgy of buying Berkshire Hathaway.

Hunting for Warren Buffett's Next Elephant (Fool)

Warren Buffett is on the hunt again and this time he has even more cash to spend. Indeed, Berkshire Hathaway's cash pile has swelled to more than $40 billion and an elephant-sized acquisition had recently got away from him. While it's impossible to know what Buffett will acquire next for sure, we can compile a list of possible candidates based on previous acquisitions.

Prudential --> Berkshire Hathaway HomeServices

This week's "Former Prudential Office Joins Berkshire Hathaway HomeServices" stories came from Bucks County, PA, Philadelphia, PA, Lehigh Valley, PA, Boulder, CO, Seattle, WA, Des Moines, IA, Chicago, IL, Houston, TX, and all major cities in Ohio (Cleveland, Columbus, Dayton, and Cincinnati all had one Prudential mega-franchise).

And now, here it is, your moment of zen...

Glenn Close & Warren Buffett Sing 'The Glory Of Love' (YouTube)

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