Ted Weschler

Last Update: 2013-05-14

Number of Stocks: 9
Number of New Stocks: 0

Total Value: $1,123 Mil
Q/Q Turnover: 8%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ted Weschler Watch

  • What’s Warren Buffett Buying?

    It’s that time again. Warren Buffett’s Berkshire Hathaway (BRK.A) released its quarterly 13F filing today, which details stock by stock what Buffett and his managers have been buying and selling.

    At the top of the list? A 17.8-million-share position in Suncor Energy (SU), Canada’s biggest oil and gas producer. Suncor is a major producer in the Alberta oil sands, and this purchase is consistent with Buffett’s overall belief in a North American industrial renaissance.  

  • Debunking Investment Dogma

    "The opinion of ten thousand men is of no value if none of them know anything about the subject."
    -- Marcus Aurelius  

  • Ted Weschler Would Recommend These Stocks

    Ted Weschler has been director of WSFS Financial Corporation since 2009. He has served as director of WSFS Financial Corporation from 1992 to 2007. His current position expires in 2013. He is the managing partner of Peninsula Capital Advisors LLC. This company deals with a pool of capital that predominantly invests in publicly trades companies over long terms. In 1989 he founded Quad-C a private equity firm and before that he held several positions at W.R. Grace & Co. He also worked for their Corporate Development Group.

    Here are some of his top holdings:  

  • Ted Weschler Begins Closing Down Shop to Join Berkshire Hathaway

    Ted Weschler, current managing partner of hedge fund Peninsula Capital Advisors LLC, will soon join Berkshire Hathaway (BRK.A)(BRK.B) as one of two newly appointed money managers who will eventually replace Warren Buffett. Weschler’s connection with Buffett came about by an unusual means— the two met when Weschler paid a total $5.3 million to have lunch with him two years in a row through a charity auction. After two more meetings, Buffett offered Weschler the position, which he, already a successful hedge fund manager, accepted just a few weeks later. In his 11 years at his firm, Weschler made a return of 1,236%. Little has been reported about the low-key manager’s investing style, although Morningstar says his firm makes “substantial long-term investments in publicly traded companies possessing both strong prospects and outstanding management teams.”

    GuruFocus did an in-depth analysis of Weschler’s investing history here.  

  • New Berkshire Hathaway Portfolio Manager Ted Weschler’s Investing Style and Career Highlights

    Ted Weschler recently became the second of possibly three portfolio managers of Berkshire Hathaway (BRK.A)(BRK.B), part of a group in line to take over the entire equity and debt portfolio of the greatest investor of all time, Warren Buffett, upon his retirement. Prior to accepting the offer, Weschler managed his own private investment firm, Peninsula Capital Advisors, LLC, which he founded in 2000. The fund manager that piqued Buffett’s interest delivered a return of 1,236% over the last 11 years, Reuters reports, but Weschler somehow managed to remain under the public radar in spite of his prowess. He made the acquaintance of Buffett by winning a lunch with him through a charity auction benefitting Glide, a San Francisco homeless charity. Actually, he won twice, paying a total of $5.2 million to dine with Buffett in Omaha in 2010 and 2011.

    Though little is known about his investing style, a bio of him from Morningstar says, “Peninsula manages a pool of capital that, on behalf of its clients, makes substantial long-term investments in publicly-traded companies possessing both strong prospects and outstanding management teams.”  

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