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Elliot said to own 'large' stake in Warren Buffett’s favourite Sumitomo
Livemint
·
1y ago
Medial
Elliott Management has acquired a substantial stake in Sumitomo Corporation, one of Warren Buffett's preferred Japanese trading houses. The size of the activist hedge fund's investment is reportedly several tens of billions of yen, equivalent to a 0.2% stake in Sumitomo. Japan is a popular target for activist investors, and Elliott has previously targeted several Japanese companies. However, it is unclear when Elliott acquired its stake in Sumitomo and when discussions with the company took place. Berkshire Hathaway is also a significant shareholder in Sumitomo.
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Warren Buffett’s Berkshire Hathaway sells entire stake in Paytm via bulk deal
Economic Times
·
1y ago
Medial
Warren Buffett's Berkshire Hathaway, through its unit BH International Holdings, has sold its entire stake in Paytm. The unit sold approximately 1.56 crore shares in the digital payments company. As of September end, BH International Holdings held a 2.46% stake in Paytm.
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Apple is Buffett’s best investment. It’s also now one of his riskiest.
Livemint
·
1y ago
Medial
Warren Buffett's investment in Apple has been both surprising and risky. Berkshire Hathaway began buying Apple shares in 2016, despite the fact that Buffett and his partner Charlie Munger had traditionally avoided such investments. However, the move has paid off, with Berkshire's stake in Apple now worth around $157 billion. Despite this success, Apple is facing challenges such as antitrust issues and a slowdown in sales in China. As Buffett approaches retirement, the question arises of what his successors will do with the large Apple holding.
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Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple
Livemint
·
1y ago
Medial
Berkshire Hathaway, led by Warren Buffett, sold around 1% of its stake in Apple during Q4 2023, leaving it with a 5.9% stake valued at $167 billion. This move comes as Apple faces various challenges, including regulatory scrutiny and declining sales. Berkshire also reduced its position in HP but increased its stakes in Chevron and Occidental Petroleum. Investors await Buffett's annual letter, scheduled to be released on February 24.
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Warren Buffett’s Berkshire Hathaway almost halves stake in PC maker HP
Livemint
·
1y ago
Medial
Berkshire Hathaway, Warren Buffett's firm, has reduced its stake in HP Inc. by almost half. The company held around 51.5 million shares on November 30, down from approximately 97.85 million shares on October 3. This marks Berkshire's second consecutive quarter as a seller in HP. HP's stock has underperformed Dell Technologies this year due to decreased demand for personal computers during the pandemic. Berkshire's stake in HP is currently valued at around $1.56 billion.
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Warren Buffett’s Berkshire Hathaway cuts Apple stake by almost 50% in selling spree
Money Control
·
1y ago
Medial
Berkshire Hathaway, led by Warren Buffet, reduced its stake in Apple by around 50% in Q2, which contributed to its record cash pile of $276.9 billion. During the same quarter, the conglomerate sold $75.5 billion worth of stock while reporting operating earnings of $11.6 billion. Berkshire struggled to find profitable investment opportunities due to a slow deal environment. Buffet sold shares as the S&P 500 reached record highs, and regulatory filings indicated that the company reduced its stake in Bank of America. Apple's sales to China fell 6.5% in Q3, potentially indicating that it is losing ground in the important market.
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Buffett’s possible final shareholder Q&A. Where to watch BusinessToday
Business Today
·
3m ago
Medial
Warren Buffett, the 94-year-old investing legend, is expected to discuss key issues at the 2025 Berkshire Hathaway Shareholder Meeting. Topics include succession planning and changes in the company's highly observed portfolio. This event might be Buffett's final shareholder Q&A session, drawing significant attention from investors and stakeholders eager for insights into the future direction of Berkshire Hathaway.
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Japan’s Sumitomo explores flying into Indian airport sector
VCCircle
·
11m ago
Medial
Japanese conglomerate Sumitomo Corp is reportedly considering entering the Indian aviation sector by acquiring a stake in a privately managed airport. Executives from Sumitomo have held initial discussions with stakeholders in the Indian aviation industry. This move signifies the interest of international companies in participating in India's growing airport infrastructure.
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Elon Musk endorses Warren Buffett’s 5-minute plan to erase the deficit — bold idea gains momentum
Economic Times
·
2m ago
Medial
Billionaire Warren Buffett's decade-old idea for addressing America's budget deficit has resurfaced, gaining support from influential figures like Elon Musk and Senator Mike Lee. Buffett suggested a law disqualifying Congress members from re-election if the deficit exceeds 3% of GDP. Lee plans to draft a constitutional amendment reflecting this concept, linking political disqualification to economic mismanagement, particularly amid inflation concerns. The proposal highlights ongoing debates around fiscal responsibility and political accountability.
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Bill Ackman Builds Berkshire Hathaway-Style Firm Targeting 20%+ Returns Through Minority Stakes and Buffett’s Durable Competitive Advantage Focus | DeepNewz VC
deepnewz
·
2m ago
Medial
Bill Ackman is building a firm inspired by Berkshire Hathaway, targeting 20% returns. Warren Buffett shared insights into his success, revealing that smaller investors have an edge due to their ability to identify overlooked undervalued businesses, allowing him to average 50% annual returns from 1950 to 1960. The investment landscape offers vast opportunities for those who diligently search for hidden gems, emphasizing strategic investment in undervalued sectors for substantial returns.
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Grapevine: Sumitomo Mitsui, YES Bank, KKR and Avaada Group in news
VCCircle
·
3m ago
Medial
Japan's Sumitomo Mitsui Banking Corp. (SMBC) is reportedly near acquiring a significant stake in YES Bank. Meanwhile, private equity firm KKR is attempting to restart the sale of its portfolio company RE Sustainability. Avaada Group is also preparing for an initial public offering.
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