Makaira Partners’ Thomas Bancroft is the firm’s Managing Partner and Senior Portfolio Manager. Berkshire Hathaway’s only independent portfolio is GEICO, an auto insurance equity company. He worked there for 13 years. Last six years, he was Portfolio Director and Senior Executive Vice President of the company. Thomas Bancroft established Makaira Partners in 2007. It is an employee-owned investment firm that manages partnerships for individuals, family offices, and non-profits. As a result, more than half of the firm’s clients are from outside the United States.
Insider Monkey highlights the top stock picks of Thomas Bancroft’s Makaira Partners. Electronics and aerospace-related products and services are all part of HEICO Corporation’s business model. Aircraft, spacecraft, medical equipment, and telecommunications systems are among the products that the company sells. A total of 8,869 shares of HEICO Corporation stock were sold at $144.25 per share by the company’s CEO and Chairman. WHD is an oil and gas equipment and services company that is based in Texas. In addition to selling and renting wellhead and pressure control equipment, it also manufactures and sells its own products. There are 660 full-time employees at the company, and service is available around the clock. Insurance giant Progressive Corporation comes in at number three. The company was the first in the country to offer claims assistance 24 hours a day, seven days a week. Topping the Fortune 500 in 2021, it has recently expanded its car insurance operations to Australia. As of the end of August 2021, the company was a subsidiary of Bath & Body Works, Inc. As a result, it has become a publicly traded company in its own right. With a $75 price target and a Buy rating, Jeffries analyst has taken over coverage of Victoria’s Secret & Co. Qurate Retail, Inc. stock was purchased by Makaira Partners for $30.37 million, accounting for 6.41 percent of the fund’s portfolio. European, North American, and Asian markets are all served by the firm. For more details, click Top 10 Stock Picks Of Thomas Bancroft’s Makaira Partners.