Berkshire Hathaway’s Surprising New Addition to its Portfolio

By Holdings, Investment

Berkshire Hathaway’s Surprising New Addition to its Portfolio

Berkshire Hathaway Inc.’s latest 13F filing for the third quarter

didn’t reveal many surprises, except for one. The firm is run by legendary investor Warren Buffett, who is known for taking big stakes in companies like

Apple Inc. (AAPL),

Bank of America Corp. (BAC),

and Coca-Cola Co. (KO).

However, the latest filing reveals a new surprise showing the purchase of RH (RH).

RH

is a distributor of products such as home furnishing, lighting, and bathware.

The surprise filing by Berkshire sent RH’s stock soaring by as much as 8% on November 15, when it was revealed that the investment firm had taken a stake.

Moving into RH

The investment

was small, valued at about $205 million, ranking it at 41 by market value in Berkshire’s portfolio,

which holds 48 equity positions.

However, it does make Berkshire a top 10 shareholder in RH, with an ownership stake of greater than 6%.

WhaleWisdom

https://whalewisdom.com/articles/berkshire-hathaways-surprising-new-addition-to-its-portfolio/amp/

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