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172Warren Buffett currently owns 227.416 shares of Berkshire Hathaway
$BRK.B (+0,39 %)
Berkshire's closing price on Friday was 724,144 US dollars per share.
This means that Buffett's Berkshireshares currently worth 160,38 billion US dollars - an increase compared to around 106 billion US dollars at the beginning of last year.
Graphic: Yahoo
📊 The top shares in leading investment funds are clear favorites:
Microsoft $MSFT (-0,33 %) , Amazon $AMZN (+0,06 %) and Alphabet
$GOOGL (+1,66 %)
$GOOG (+1,67 %) can be found in more than 15 portfolios 🏆. Also Apple $AAPL (+0,26 %) and Berkshire Hathaway
$BRK.B (+0,39 %) are also among the most widely held shares and offer stability and steady growth. These "blue chips" dominate with proven strength.
Future-oriented investors focus on companies such as Nvidia
$NVDA (+3,72 %) (AI, chips) and Palantir
$PLTR (+1,37 %) (data analysis, AI) 💡.
Conclusion: A combination of big tech giants and innovative pioneers can offer security and growth potential.
Link to the list:
JUST IN🗣: WARREN BUFFETT HAS JUST UPDATED HIS PORTFOLIO
(Holdings until the end of the 3rd quarter)
The latest changes reflect Buffett's strategic approach to navigating current market conditions.
As always, analysts will be watching these moves closely for insights into his future investment strategies.
Berkshire Hathaway Q3 2024 $BRK.B (+0,39 %)
Sales: The Industrial Products Group recorded sales growth of 3.3% in the third quarter and 2.7% in the first nine months of 2024 compared to 2023. PCC achieved a sales increase of 11.9% in the third quarter due to higher demand for aerospace products.
Net income: Net income attributable to Berkshire shareholders totaled $69.3 billion in the first nine months of 2024, including after-tax investment gains of approximately $36.4 billion.
Cash flow: Net operating cash flows totaled $26.0 billion in the first nine months of 2024, reflecting significant payments for income taxes.
Significant changes
Insurance investment income: Income from interest and other investments increased by $1.8 billion in the third quarter and $3.8 billion in the first nine months of 2024 compared to 2023.
Exceptional items
Investment gains: After-tax investment gains of approximately $36.4 billion contributed significantly to net gains.
Analysis of the balance sheet
Assets, liabilities and equity
Assets: As at September 30, 2024, goodwill amounted to USD 84.6 billion, while intangible assets with indefinite useful lives amounted to USD 18.9 billion.
Liabilities: Estimated liabilities for unpaid losses and loss adjustment expenses under insurance and reinsurance contracts amounted to $148.9 billion.
Shareholders' equity: Shareholders' equity was $629.1 billion, an increase of $67.8 billion since December 31, 2023.
Liquidity and debt
Liquidity: Cash, cash equivalents and US government bonds held by insurance and other companies totaled 305.5 billion dollars.
Debt: Consolidated debt totaled $124.5 billion, with significant debt issued by the parent company and its subsidiaries.
Analysis of the income statement
Revenue sources and cost factors
Primary sources of revenue: The insurance, manufacturing, services and retail segments are the main sources of revenue.
Cost factors: Lower raw material costs and improved manufacturing efficiencies had a positive impact on earnings.
Margins
Operating margin: Earnings before tax as a percentage of sales in the manufacturing segment were 16.6% for industrial products.
Gross and net margins: Specific information on gross margins is missing, but net profits amounted to 3,144 million dollars in the third quarter of 2024.
Overview of the cash flow
Operating activities: 26.0 billion dollars in net operating cash flows were generated.
Investing activities: 5.8 billion dollars were paid for the purchase of shares, while 133.2 billion dollars were received from sales.
Financing activities: 2.9 billion dollars were spent on share buybacks.
Investments: In the first nine months of 2024, capital expenditures totaled $13.6 billion, primarily from BNSF and BHE.
Key figures and profitability ratios
Debt ratio: Consolidated debt of $124.5 billion compared to significant equity.
Interest coverage: Strong interest coverage due to substantial operating cash flows and investment income.
Segment information
Most profitable segment: Industrial Products, in particular PCC, with significant sales growth.
Weakening segment: Marmon's earnings before taxes fell by 13.0% in the third quarter.
Competitive position
Market position: Strong in the aviation and insurance sectors, with growing demand for aviation products.
Industry trends: Sustained demand for air travel and aviation products.
Forecasts and management commentary
Strategic plans: Focus on increasing production capacities in aviation and improving supply chains.
Risks and opportunities
SWOT analysis
Strengths: Strong sales growth in key segments, significant investment income.
Weaknesses: Potential liabilities from forest fires and the need for efficient management of goodwill.
Opportunities: Growth in the aviation industry and strategic acquisitions.
Threats: Geopolitical conflicts and market volatility.
Macroeconomic factors
Interest rates: Effects on investment income and borrowing costs.
Currency risks: Unfavorable currency conversions can affect sales.
Summary of results
The company shows a strong financial performance with significant sales growth in the industrial and consumer products segments. The insurance segment remains a key revenue driver, supported by substantial investment income. However, challenges such as potential liabilities from forest fires and geopolitical risks require careful management. The company's strategic focus on aviation and efficient use of capital positions it well for future growth, although macroeconomic factors and market volatility continue to pose risks. Overall, the company has a robust financial position and offers opportunities for continued expansion.
Five positive aspects
Sales growth in Industrial Products: The Industrial Products Group recorded sales growth of 3.3% in the third quarter and 2.7% growth in the first nine months of 2024 compared to 2023. This growth was driven by higher demand for aerospace products, particularly at PCC, which achieved sales growth of 11.9% in the third quarter.
Strong performance in the Insurance segment: The Insurance segment reported total revenues of $26,664 million in the third quarter of 2024, compared to $24,308 million in 2023, demonstrating robust growth and a significant contribution to the company's overall performance.
Increase in shareholders' equity: Shareholders' equity increased by $67.8 billion since December 31, 2023, reaching $629.1 billion as of September 30, 2024. This reflects a strong capital base and financial stability.
Substantial investment income: Income from interest and other investments increased significantly and contributed to overall profitability. This was the result of strategic investment decisions and favorable market conditions.
Effective cash flow management: The company generated net cash flows from operating activities of $26.0 billion in the first nine months of 2024, demonstrating effective cash flow management and the ability to support capital expenditures and share repurchases.
Five negatives
Potential liabilities from wildfires: PacifiCorp faces potential liabilities from wildfires in Oregon and California, with outstanding complaints and claims of approximately $3 billion jeopardizing the company's financial stability.
Decline in Marmon's pre-tax income: Marmon's pre-tax income declined 13.0% in the third quarter, indicating challenges in maintaining profitability in this segment.
Increase in underwriting costs: Property and casualty reinsurance underwriting costs increased 50.8% in the third quarter and 19.3% in the first nine months of 2024 compared to 2023. This increase was partially due to a pre-tax charge related to a settlement.
Losses from currency translation: The company incurred losses from currency translation, which had a negative impact on financial results. This illustrates the risk of currency fluctuations in international activities.
Challenges in dealing with goodwill and intangible assets: The company must efficiently manage its goodwill and intangible assets, which together amounted to 84.6 billion dollars and 18.9 billion dollars respectively. A write-down could have a significant impact on the financial reports.
Analyst updates, 04.11.
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- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (+0,95 %)
- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX (-0,81 %)
- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (+2,54 %)
- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24 (+1,87 %)
- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (+0,18 %)
- RBC raises the target price for NEXT PLC from GBP 105 to GBP 108. Sector Perform. | $NXT
- UBS raises the price target for CHEVRON from USD 192 to USD 194. Buy. | $CVX (+0,45 %)
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- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (+0,39 %)
- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (+3,35 %)
- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (-0,35 %)
- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX (+1,07 %)
- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (+0,9 %)
- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (+1,39 %)
- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (+7,3 %)
- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE (+0,43 %)
- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (+0,36 %)
- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (+1,1 %)
- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (+0,57 %)
- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (+1,33 %)
American Express
$AXP (+0,86 %) has secured its place as the second largest holding in the portfolio of Warren Buffett and Berkshire Hathaway $BRK.B (+0,39 %) and thus secured Bank of America
$BAC (-0,4 %) from second place.
Time for a little update 🧐
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From the original 77 positions, 46 are now left.
Many well-known, large companies that were considered safe have left my portfolio and some have been replaced by more speculative growth stocks. 😜
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This week I sold my meme stocks, among other things:
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Now the Reits are relatively high on the hit list, in particular $NNN (+1,44 %) and what continues to be a topic of indecision for me are the Magnicent 7. On the one hand the best and strongest stocks of the time, on the other hand already strongly represented in the ETFs, but also their drivers.
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How many shares do I want to reduce the portfolio to? Here, too, I am now torn. The original target would have been 30 stocks. However, I am increasingly convinced that the ideal portfolio size is 10 positions, like fingers on hands. But I think it will be very, very difficult to reduce my portfolio any further.
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I have one question for you. How do you deal with acquisitions when a stock has run away from you, so to speak? In my case, for example $PLTR (+1,37 %)
$1810 (+1,49 %) and $SOFI (+1,97 %) . I would like to increase this position, but I'm already a bit up. An additional purchase would destroy my average purchase price.
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Unpopular trades Part XXII
Was bought $META (+2,35 %) 🤫
And although I don't believe in share savings plans, I have actually activated a savings plan on $BRK.B (+0,39 %) activated. As I am very convinced of Berkshire based on my latest findings.
Warren Buffett and Berkshire Hathaway $BRK.B (+0,39 %) currently hold Apple shares
$AAPL (+0,26 %) worth about 69,9 billion US dollars (as at the end of the 3rd quarter), compared with a previous value of 84,0 billion US dollars.
The cash position at the end of the third quarter amounted to 325,2 billion US dollars, a new all-time high, up from 276,9 billion US dollars at the end of the second quarter.
The Apple share rose by 10.75 % in the third quarter.
If Buffett had not sold any Apple shares during the quarter, his position would now be around 93,3 billion US dollars.
At the end of the third quarter, the largest equity holdings Warren Buffett and Berkshire Hathaway were as follows:
-25,7 % - Apple
$AAPL (+0,26 %)(compared to 29.6% at the end of Q2)
-15,1 % - American Express
$AXP (+0,86 %)
-11,7 % - Bank of America
$BAC (-0,4 %)
-10,6 % - Coca-Cola $KO (-0,23 %)
-6,4 % - Chevron
$CVX (+0,45 %)
Photo: Bloomberg
JustTrade evaluation:
The most traded stocks in Germany in September:
Berkshire $BRK.B (+0,39 %)
Moderna $MRNA (+0,24 %)
Rheinmetall $RHM (+1,83 %)
on the sales page:
Tesla $TSLA (+2,64 %)
Aixtron $AIXA (+7,3 %)
Nvidia $NVDA (+3,72 %)
Which stocks do you have, or what was bought/sold?
Kind regards 🖖
Warren Buffett and his investment company Berkshire Hathaway
$BRK.B (+0,39 %) have further expanded their position and now hold an impressive 32,5 % in the company Sirius XM
$SIRI (+0,95 %) .
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