Author Topic: Berkshire 13F  (Read 12923 times)

sleepydragon

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Re: Berkshire 13F
« Reply #30 on: December 08, 2017, 08:47:19 PM »
They didn't sell any BAC shares.  For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. 

https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm


They show up under "New England Asset Management" ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm


Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are -

4.217 million shares of Apple
21 million shares of BAC
227,750 shares of Diageo
431,063 shares of GS
4.386 million shares of USG
2.954 million shares of Verisk
24.3 million shares of Wells Fargo

Why do u say Diageo is a Berkshire holding?


gfp

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Re: Berkshire 13F
« Reply #31 on: December 09, 2017, 06:21:02 AM »
Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table.  Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others.  Check the info-table ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml

They didn't sell any BAC shares.  For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. 

https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm


They show up under "New England Asset Management" ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm


Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are -

4.217 million shares of Apple
21 million shares of BAC
227,750 shares of Diageo
431,063 shares of GS
4.386 million shares of USG
2.954 million shares of Verisk
24.3 million shares of Wells Fargo

Why do u say Diageo is a Berkshire holding?

sleepydragon

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Re: Berkshire 13F
« Reply #32 on: December 09, 2017, 09:21:06 AM »
Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table.  Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others.  Check the info-table ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml

They didn't sell any BAC shares.  For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. 

https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm


They show up under "New England Asset Management" ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm


Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are -

4.217 million shares of Apple
21 million shares of BAC
227,750 shares of Diageo
431,063 shares of GS
4.386 million shares of USG
2.954 million shares of Verisk
24.3 million shares of Wells Fargo

Why do u say Diageo is a Berkshire holding?

I see. Interesting.. thanks!
I think you are right..
Though DEO seems been there for many years now.
It's up 40% this year  :o

rolling

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Re: Berkshire 13F
« Reply #33 on: December 09, 2017, 04:23:32 PM »
Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table.  Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others.  Check the info-table ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml

They didn't sell any BAC shares.  For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. 

https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm


They show up under "New England Asset Management" ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm


Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are -

4.217 million shares of Apple
21 million shares of BAC
227,750 shares of Diageo
431,063 shares of GS
4.386 million shares of USG
2.954 million shares of Verisk
24.3 million shares of Wells Fargo

Why do u say Diageo is a Berkshire holding?
Diageo is an alcoholic beverage company. If I remember correctly (and I don't think I'm wrong) Buffett stated very clearly he would not own gambling, alcohol and tobacco companies. After that, it would be a big hit for his reputation if he owned diageo and he wouldn't take that risk.

Edit: I most likely am wrong, as argued in the folowing posts  ;D
« Last Edit: December 10, 2017, 02:48:50 AM by rolling »
My usual portfolio: Highly concentrated (up to 3 or 4 positions) in smallcaps and microcaps.

sleepydragon

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Re: Berkshire 13F
« Reply #34 on: December 09, 2017, 06:49:16 PM »
Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table.  Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others.  Check the info-table ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml

They didn't sell any BAC shares.  For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. 

https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm


They show up under "New England Asset Management" ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm


Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are -

4.217 million shares of Apple
21 million shares of BAC
227,750 shares of Diageo
431,063 shares of GS
4.386 million shares of USG
2.954 million shares of Verisk
24.3 million shares of Wells Fargo

Why do u say Diageo is a Berkshire holding?
Diageo is an alcoholic beverage company. If I remember correctly (and I don't think I'm wrong) Buffett stated very clearly he would not own gambling, alcohol and tobacco companies. After that, it would be a big hit for his reputation if he owned diageo and he wouldn't take that risk.

He did say that about casinos and tobacco, but not alcohol. He owned Guinness the beer company before.

rolling

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Re: Berkshire 13F
« Reply #35 on: December 10, 2017, 02:53:15 AM »
Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table.  Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others.  Check the info-table ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml

They didn't sell any BAC shares.  For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. 

https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm


They show up under "New England Asset Management" ->
https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm


Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are -

4.217 million shares of Apple
21 million shares of BAC
227,750 shares of Diageo
431,063 shares of GS
4.386 million shares of USG
2.954 million shares of Verisk
24.3 million shares of Wells Fargo

Why do u say Diageo is a Berkshire holding?
Diageo is an alcoholic beverage company. If I remember correctly (and I don't think I'm wrong) Buffett stated very clearly he would not own gambling, alcohol and tobacco companies. After that, it would be a big hit for his reputation if he owned diageo and he wouldn't take that risk.

He did say that about casinos and tobacco, but not alcohol. He owned Guinness the beer company before.
I searched it but couldn't find the quote. You most likely are right then. I even found a quote saying they would own stock in a tobacco company but wouldn't own it downright.

Ps: not playing moralist here (i do own stock in a casino operator), i really thought he had included alcohol in that tobacco and gambling quote.
My usual portfolio: Highly concentrated (up to 3 or 4 positions) in smallcaps and microcaps.

gfp

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Re: Berkshire 13F
« Reply #36 on: December 10, 2017, 06:30:29 AM »
Berk has owned DEO for a long time, off and on. These particular shares may be from T&T, not sure. Berkshire, of course, was a major investor in Anheuser Busch before the 3G guys made their bid just before the financial crisis.

As others mentioned - the quotes were about wholly owned subsidiaries and itís not totally clear if he would frown on T&T making equity investments in those industries. I could see them skipping tobacco present day. But beer is definitely fair game

bookie71

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Re: Berkshire 13F
« Reply #37 on: December 10, 2017, 06:32:34 AM »
I believe it was in one of the annual letters.  He didn't mention booze.
Always remember, Pigs get fat and hogs get slaughtered.

boilermaker75

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Re: Berkshire 13F
« Reply #38 on: December 10, 2017, 08:53:38 AM »
Didn't BRK own BUD until BUD was acquired?

gfp

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Re: Berkshire 13F
« Reply #39 on: December 10, 2017, 09:08:43 AM »
Yes, they were one of the largest shareholders - although he sold most of his shares before the deal was approved but after it was announced. 

Didn't BRK own BUD until BUD was acquired?