The filing also shows Berkshire deploying some of its cash hoard, which totaled $145.7 billion as of Sept. “Verizon has a low price-earnings ratio, and while oil prices are recovering the stocks still have a long way to go.” “They are Buffett-esque investments,” said Steven Check, who invests $1.3 billion at Check Capital Management Inc in Costa Mesa, California, including $300 million in Berkshire. Buffett normally handles larger investments such as Verizon and Chevron. Tuesday’s filing signals where Buffett and his portfolio managers Todd Combs and Ted Weschler see value, without saying who bought what. Verizon shares rose 3.0%, Chevron rose 2.2% and Marsh was unchanged in after-hours trading following Berkshire’s filing. To make room, Berkshire reduced its investments in several companies including Apple Inc., though at approximately $121 billion the iPhone maker remains by far its largest common stock holding. The 2nd level offers 4 spacious Bedrms, a remodelled hall Bath & a private Master Bedrm presents a walk in closet & a remodelled luxurious Master bath w/oversized shower double vanity & dressing table.Berkshire also disclosed a new $499 million stake in the professional services company Marsh & McLennan Cos. The home interior features a stunning remodelled gourmet center island Kitchen adds a touch of elegance and sophistication showcasing custom Starmark white cabinetry, beverage bar with dual wine fridges, coffee bar, quartz countertops & high end Stainless Steel appliances ideal for entertaining.
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