The quarterly 10-K statement, detailing Berkshire Hathaway's investment portfolio holdings, came out this week. An easy-to-read summary of the holdings is available, as always, at Dataroma.
Buffett's Berkshire Hathaway Discloses Stake in Kinder Morgan (Bloomberg)
Warren Buffett’s Berkshire Hathaway Inc. added an investment in Kinder Morgan Inc. during the fourth quarter, snapping up shares of the pipeline operator as its market value plunged.
Berkshire held 26.5 million shares of the company as of Dec. 31, according to a regulatory filing Tuesday disclosing U.S. stock holdings. The stake was valued at $395.9 million at the end of 2015. [...]
Berkshire Hathaway Buys Kinder Morgan, Sells Chicago Bridge, Reduces AT&T (Nasdaq)
In the third quarter 2015, Buffett held on to most of what he had, buying no new stocks and only increasing some of his existing holdings. Since the start of the 2016, his company of choice has been oil refiner Phillips 66, in which he increased his stake to 14.2%. He did not purchase its shares during the fourth quarter, however. [...]
In the fourth quarter, Berkshire Hathaway bought Kinder Morgan, increased Deere & Co., exited Chicago Bridge & Iron Co. and reduced AT&T. [...]
Yahoo to Live-Stream Warren Buffett’s Berkshire Hathaway Meeting (Variety)
Yahoo has thrown in the towel on entertainment video content, but it’s still banking on big video events to try to grab eyeballs and boost its business.
The Internet company announced an agreement to host the first live-streaming coverage of billionaire Warren Buffet’s Berkshire Hathaway annual shareholders meeting on April 30 in Omaha, Neb. The conglomerate’s event has previously been unavailable to the general public, and Yahoo is treating it as if it were the Super Bowl of modern capitalist culture. [...]
In addition, Yahoo Finance has exclusive rights to offer a VOD replay of the Berkshire Hathaway meeting for 30 days after the event. Yahoo will sell video and display advertising, as well as sponsorship opportunities, for the live stream.
Yahoo will deliver the Berkshire Hathaway meeting in up to 1080p HD format at 60 frames per second, equivalent to Blu-ray disc quality.
Berkshire Hathaway makes $642 million in deal (Omaha World-Herald)
Berkshire Hathaway made nearly $642 million when Symetra Financial was acquired by Sumitomo Life Insurance Co.
Warren Buffett’s company said in documents filed with the Securities and Exchange Commission this week that it sold all 20 million of its Symetra shares as part of the deal.
See’s Candies blames ‘kosher’ candy error on printing mix-up (Omaha World-Herald)
See’s Candies said a printing error resulted in it selling some Valentine’s Day chocolates as kosher when they weren’t, a problem brought to light by a federal lawsuit filed in California alleging “fraudulent inducement.”
See’s, a part of Berkshire Hathaway Inc. of Omaha since 1972, said that after learning of the lawsuit, it found that shelf cards for some of its candy were mistakenly printed with the symbol of Kosher Supervision of America (KSA), which designates food as kosher.
The company offered refunds and said it apologizes to customers who purchased the boxes. [...]
This indie retailer is thriving thanks to Warren Buffett (Crain's Chicago Business)
In metro Chicago, the J.C. Licht chain, which sells [Benjamin] Moore paint in 31 locations from the West Loop to Northbrook and Hinsdale, is under aggressive new ownership and plans to expand to 50 stores in the next five years.
Elliot Greenberg, a former vice president of sales at Ring's End, a Darien, Conn.-based home improvement chain with about $38 million in paint sales, purchased the Licht stores from Benjamin Moore corporate ownership last year. This week, Greenberg will unveil a 38,000-square-foot paint mixing and distribution facility in Addison. [...]
Today, the Moore brand is on its third CEO since 2012: Mike Searles, a former CEO of Wilson's Leather. Under Searles, Buffett reissued his promise to dealers, and the company decided to sell its corporate stores back to experienced independents. Company executives reached out to Greenberg, who paid an unspecified sum for the Licht chain last year.
Lemonade: World’s First Peer-to-Peer Insurance Platform Receives Backing from Lloyds & Berkshire Hathaway (Crowdfund Insider)
Lemonade, a peer to peer insurance platform that seeks to address the profound shortcomings of the multi-trillion dollar insurance industry now has some prominent names backing the young company. Announced today, Lemonade has now received the support of “top tier” global reinsurance partners including Berkshire Hathaway National Indemnity and Lloyd’s of London. [...]
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