Where to look for a «hidden» portfolio?
One of the «daughters» of Berkshire Hathaway is the investment company New England Asset Management. It was founded almost 40 years ago. During this time, NEAM has grown into a major stock player, which is why, like its parent company, it submits a 13F form to the SEC quarterly. According to the latest data, NEAM owns assets worth more than $6 billion. Technically, their owner is the legendary investor Warren Buffett. Below are the most surprising stocks in NEAM's portfolio.
Walt Disney
Many people know that Warren Buffett has long said goodbye to the shares of one of the world leaders in the entertainment industry, but this is not entirely true. Considering that the Berkshire Hathaway subsidiary currently owns more than 14,000 shares of Walt Disney, it can be said that the Oracle of Omaha still continues to invest in this media corporation. By the way, the market capitalization of Walt Disney, according to the latest estimates, is almost $205 billion, and 1 security is traded on the stock exchange at $112.
Newmont Mining
It's no secret that Warren Buffett doesn't like gold as an investment. He sees the precious yellow metal as something dug out of the ground and placed in a safe that is of no use. That's why it may come as a huge surprise that, indirectly through NEAM, Berkshire Hathaway owns more than 37,000 shares of the gold corporation Newmont Mining. The market value of this company is estimated at $36.30 billion. Today it is one of the leaders in its industry. According to 2020 data, Newmont Mining accounted for 6% of global gold production.
IBM
Another surprise is the news that, technically, Warren Buffett still owns the IBM assets. At the end of the first quarter, NEAM held over 31,000 shares of the technocorporation in its portfolio. It is worth recalling that a few years ago the American investor sold shares of IBM, saying that he considered their purchase one of his worst decisions. For a long time, the company really lost a lot to competitors due to the belated transition to cloud solutions, but not so long ago it managed to find its niche in the hybrid cloud market. This inspires optimism about its future prospects.
Molson Coors Beverage
Even more shocking is the fact that, through NEAM, Warren Buffett owns a huge stake in Molson Coors Beverage. Berkshire Hathaway's subsidiary has over 100,000 shares of the Canadian beer giant in its portfolio. Such an investment is quite out of character for the Oracle of Omaha, as he usually invests in wholesome, family-oriented brands. In addition to the fact that Molson Coors Beverage specializes in the sale of alcohol, the company also produces cannabis-infused drinks.
Wells Fargo
It is known that in the first quarter of the year, the Berkshire Hathaway fund sold the remaining stake in Wells Fargo, which it began to gradually reduce from 2019. This was the first time in more than 30 years that the shares of the American bank disappeared from the portfolio of Warren Buffett. However, the well-known investor stopped only directly investing in the securities of the financial giant. Through NEAM, he continues to have a tangential relationship to Wells Fargo assets. According to the latest information, New England Asset Management has more than 166,000 shares of the company at its disposal.
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