Berkshire Hathaway Inc. (BRK-B) Goes Up in Hedge Funds’ Portfolios With Tom Russo and Bill & Melinda Gates Foundation Trust Among Most Bullish


Is Berkshire Hathaway Inc. (NYSE:BRK-B) has seen a slight increase in bullish investment sentiment during the third quarter. As hedge fund intelligence website Insider Monkey’s database shows, the number of positions moved up by 1 recently. In this way, BRK-B was in 77 hedge funds’ portfolio at the end of the third quarter of 2014. There were 76 hedge funds in our database with BRK-B holdings at the end of the previous quarter, with Michael Larson and Tom Russo heading the list. But let’s take a peek at the recent action encompassing Berkshire Hathaway Inc. (NYSE:BRK-B) in a bit more detail.

How are hedge funds trading Berkshire Hathaway Inc. (NYSE:BRK.B)?

Even though there was a total of 77 hedge funds that held long positions in Berkshire Hathaway’s class B stock at the end of September, there are several names that stand out. According to Insider Monkey, Michael Larson’s Bill & Melinda Gates Foundation Trust had the most valuable position in Berkshire Hathaway Inc. (NYSE:BRK.B), worth close to $11.552 billion, amounting to 53.2% of its total 13F portfolio. The second largest stake is held by Eagle Capital Management, led by Boykin Curry, which owns a stake that comprises 7.5% of its equity portfolio and is valued at $1.94 billion position. Remaining members of the smart money that are bullish contain Tom Russo’s Gardner Russo & Gardner, D. E. Shaw’s D E Shaw and Jean-Marie Eveillard’s First Eagle Investment Management.

As aggregate interest increased, many money managers initiated stakes in Berkshire Hathaway Inc. (NYSE:BRK.B). One of them is Kelly Cardwell’s Central Square Management, which assembled the most valuable position in Berkshire Hathaway Inc. (NYSE:BRK.B) during the third quarter. Central Square Management had $6 million invested in the company at the end of September, while Charles de Vaulx’s International Value Advisers, who also initiated a $451.7 million position during the quarter but in class A stock. The other funds with brand new BRK-B positions are Steve Leonard’s Pacifica Capital Investments, and Matthew Hulsizer’s PEAK6 Capital Management.

Following these moves is important. even though in the eyes of most stock holders, hedge funds are perceived as rather old investment vehicles of years past. Nevertheless, there are more than 8,000 funds in operation today and hedge fund experts at Insider Monkey choose to focus on the leaders of this group, which represent around 700 funds, managing the lion’s share of the smart money’s total capital. By watching their finest stock picks, Insider Monkey has discovered a few investment strategies that have historically outpaced the market, such as the small-cap hedge fund strategy, which outrun the S&P 500 index by 18 percentage points per year for a decade in their back tests.

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