Warren Buffet purchased $10 million Apple shares in May 2016. He holds $245 million shares, now worth more than $95 billion. 43% of Berkshire Hathaway’s entire stock portfolio is tied to Apple Stock.
Buffett’s deal to buy Dominion Energy Inc.’s natural gas assets signals that a market’s shift away from fossil fuels won’t come anytime soon. Warren Buffett’s $9.7 billion bet on natural gas seems quite contrarian in the present time. Natural gas futures in the U.S. dropped in June at their lowest point in 25 years. Dominion Energy and Duke Energy Corp. scraped plans for a new gas pipeline crossing the Appalachian Trail due to stiff environmental opposition.
About: Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B. Source
Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time.
Here is a list of companies that are subsidiaries of Berkshire Hathaway
Acme Brick Company
International Dairy Queen, Inc.
Ben Bridge Jeweler
IMC International Metalworking Companies
Benjamin Moore & Co.
Berkshire Hathaway Automotive
Berkshire Hathaway Direct Insurance Company (THREE)
Berkshire Hathaway Energy Company
Berkshire Hathaway GUARD Insurance Companies
Berkshire Hathaway Homestate Companies
LiquidPower Specialty Products Inc. (LSPI)
Berkshire Hathaway Specialty Insurance
Louis – Motorcycle & Leisure
biBERK Business Insurance
Marmon Holdings, Inc.
Borsheims Fine Jewelry
MLMIC Insurance Company
Central States Indemnity Company
National Indemnity Company
Nebraska Furniture Mart
CORT Business Services
Oriental Trading Company
Precision Castparts Corp.
Fechheimer Brothers Company
Precision Steel Warehouse, Inc.
RC Willey Home Furnishings
Fruit of the Loom Companies
Scott Fetzer Companies