Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) is a conglomerate holding company owning subsidiaries engaged in a number of business activities. Berkshire shares were helped by the closing of the Precision Castparts acquisition in the first calendar quarter, improved operating performance at its Burlington Northern railroad subsidiary and the potential of further capital allocation opportunities. Additionally, Berkshire shares were helped by the diversification of its underlying businesses as well as the appreciation of the publically traded securities it holds. Furthermore, momentum resulting from management’s general optimism about the company’s long-term prospects continues to excite investors.
From Wallace Weitz (Trades, Portfolio)'s third quarter 2016 Partners III Opportunity Fund.
Also check out:
