Warren Buffett’s investment company Berkshire Hathaway is the biggest shareholder of Burlington Northern Santa Fe Corp (BNI, Financial). As of April 30, it owns 39,027,430 shares of Burlington Northern Santa Fe Corp. (BNI), which is about 11% of total shares outstanding.
The ownership of these shares are divided among three subsidiaries of Berkshire, according to its latest filings. Among these three subsidiaries, National Indemnity Company owns 14.4 million shares; National Fire & Marine Insurance Company owns 1.3 million; Columbia Insurance Company owns 23.3 million shares.
The last BNI purchase of Berkshire was on April 5 at the price of around $81.5. Buffett later said that he bought two other rail companies. Since then rail stocks have gained more than 10% on average. Burlington Northern Santa Fe closed today at $89.19.
GuruFocus has been hosting a contest, guessing what two other companies that Buffett bought are. A number of users think Canadian National Railway Company (CNI) is one of them. If you would like to participate the contest, go here.
Buffett’s purchase of rail companies has surprised a lot of his followers. During the Berkshire annual meeting the past weekend, Buffett said that railroad business would never be "sensational," yet its prospects had improve. Charlie Munger, Vice Chairman of Berkshire Hathaway, commented during the annual meeting of Wesco Financial, “ They (rail companies) used to not like them because they needed large amounts of capital, had tough unions, and stiff competition from the trucking business. He said that their paradigm had shifted and that they were two years too late in making this investment. He used an old quote and said that man is too old too soon and too smart too late. Now the railroad industry has a competitive advantage by double-stacking freight. With all of the imports from China , the U.S. has a huge amount of freight being sent across the county.”
"I've got an elephant gun, I just can't find the elephant," Warren Buffett said during an interview. With about $50 billion in cash, Buffett is seen to look into the new areas for investment ideas.
Among other Gurus, Charles de Vaulx owns 35,900 shares as of 12/31/2006, which accounts for 0.02% of the $13.37 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. By the way, Charles de Vaulx has since left Arnhold & S. Bleichroeder Advisers, LLC for other opportunities.
There was no insiders buys for Burlington Northern Santa Fe. During the past month, its CEO, COO, COO all sold large amount of their stocks.
The ownership of these shares are divided among three subsidiaries of Berkshire, according to its latest filings. Among these three subsidiaries, National Indemnity Company owns 14.4 million shares; National Fire & Marine Insurance Company owns 1.3 million; Columbia Insurance Company owns 23.3 million shares.
The last BNI purchase of Berkshire was on April 5 at the price of around $81.5. Buffett later said that he bought two other rail companies. Since then rail stocks have gained more than 10% on average. Burlington Northern Santa Fe closed today at $89.19.
GuruFocus has been hosting a contest, guessing what two other companies that Buffett bought are. A number of users think Canadian National Railway Company (CNI) is one of them. If you would like to participate the contest, go here.
Buffett’s purchase of rail companies has surprised a lot of his followers. During the Berkshire annual meeting the past weekend, Buffett said that railroad business would never be "sensational," yet its prospects had improve. Charlie Munger, Vice Chairman of Berkshire Hathaway, commented during the annual meeting of Wesco Financial, “ They (rail companies) used to not like them because they needed large amounts of capital, had tough unions, and stiff competition from the trucking business. He said that their paradigm had shifted and that they were two years too late in making this investment. He used an old quote and said that man is too old too soon and too smart too late. Now the railroad industry has a competitive advantage by double-stacking freight. With all of the imports from China , the U.S. has a huge amount of freight being sent across the county.”
"I've got an elephant gun, I just can't find the elephant," Warren Buffett said during an interview. With about $50 billion in cash, Buffett is seen to look into the new areas for investment ideas.
Among other Gurus, Charles de Vaulx owns 35,900 shares as of 12/31/2006, which accounts for 0.02% of the $13.37 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. By the way, Charles de Vaulx has since left Arnhold & S. Bleichroeder Advisers, LLC for other opportunities.
There was no insiders buys for Burlington Northern Santa Fe. During the past month, its CEO, COO, COO all sold large amount of their stocks.
