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Berkshire Hathaway Class B
BRK.B

2,397 hedge funds and large institutions have $187B invested in Berkshire Hathaway Class B in 2018 Q4 according to their latest regulatory filings, with 285 funds opening new positions, 972 increasing their positions, 811 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

243% more first-time investments, than exits

New positions opened: 285 | Existing positions closed: 83

83% more call options, than puts

Call options by funds: $3.71B | Put options by funds: $2.03B

20% more funds holding in top 10

Funds holding in top 10: 450 → 540 (+90)

20% more repeat investments, than reductions

Existing positions increased: 972 | Existing positions reduced: 811

8% more funds holding

Funds holding: 2,218 → 2,397 (+179)

1.28% more ownership

Funds ownership: 66.11% → 67.38% (+1.3%)

3% less capital invested

Capital invested by funds: $193B → $187B (-$6.3B)

Holders
2,397
Holders Change
+179
Holders Change %
+8.07%
% of All Funds
53.41%
Holding in Top 10
540
Holding in Top 10 Change
+90
Holding in Top 10 Change %
+20%
% of All Funds
12.03%
New
285
Increased
972
Reduced
811
Closed
83
Calls
$3.71B
Puts
$2.03B
Net Calls
+$1.68B
Net Calls Change
+$500M

Top Buyers

1
MAM
Magellan Asset Management
Australia
+$956M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$822M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$820M
4
BlackRock
BlackRock
New York
+$620M
5
Capital Research Global Investors
Capital Research Global Investors
California
+$457M

Top Sellers

1
Gates Foundation Trust
Gates Foundation Trust
Washington
-$1.04B
2
Deutsche Bank
Deutsche Bank
Germany
-$534M
3
State Street
State Street
Massachusetts
-$520M
4
CWM
Cornerstone Wealth Management
Missouri
-$347M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$266M
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
51
Invesco
Georgia
$524M -$96M -459,480 -15%
GRQ
52
Gardner Russo & Quinn
Pennsylvania
$507M -$13.9M -66,488 -3%
First Manhattan
53
First Manhattan
New York
$505M -$18.7M -89,537 -3%
AQR Capital Management
54
AQR Capital Management
Connecticut
$501M +$9.93M +47,558 +2%
RCWMU
55
Rothschild & Co Wealth Management (UK)
United Kingdom
$488M -$25.5M -121,957 -5%
Manulife (Manufacturers Life Insurance)
56
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$470M +$105M +502,991 +28%
Adage Capital Partners
57
Adage Capital Partners
Massachusetts
$469M -$32.6M -156,000 -6%
Diamond Hill Capital Management
58
Diamond Hill Capital Management
Ohio
$443M -$25.9M -124,181 -5%
Asset Management One
59
Asset Management One
Japan
$428M +$9.49M +45,415 +2%
FWIA
60
Fort Washington Investment Advisors
Ohio
$420M +$15.3M +73,249 +4%
EVM
61
Eaton Vance Management
Massachusetts
$408M -$18.2M -87,060 -4%
FPP
62
Findlay Park Partners
United Kingdom
$408M -$10.3M -49,392 -2%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$390M +$47.4M +226,896 +13%
Chevy Chase Trust
64
Chevy Chase Trust
Maryland
$384M +$1.05M +5,048 +0.3%
RJA
65
Raymond James & Associates
Florida
$382M +$38M +182,015 +11%
O
66
OppenheimerFunds
New York
$360M +$83.5M +399,975 +29%
Canada Life
67
Canada Life
Manitoba, Canada
$359M -$7.5M -35,894 -2%
DSA
68
Davis Selected Advisers
Arizona
$357M -$13.2M -63,290 -3%
LCOV
69
London Company of Virginia
Virginia
$350M -$20.4M -97,516 -5%
Acadian Asset Management
70
Acadian Asset Management
Massachusetts
$345M -$53.6M -256,669 -13%
APG Asset Management
71
APG Asset Management
Netherlands
$338M -$36.3M -173,651 -8%
RCG
72
Ruane, Cunniff & Goldfarb
New York
$320M +$37.5M +179,302 +13%
MG
73
Markel Group
Virginia
$310M +$345K +1,650 +0.1%
Janus Henderson Group
74
Janus Henderson Group
United Kingdom
$302M -$35.8M -171,309 -10%
State of Wisconsin Investment Board
75
State of Wisconsin Investment Board
Wisconsin
$302M +$1.09M +5,200 +0.4%
1 2
3
4 5

BRK.B Hedge Fund Activity: Q4 2018 in Review

2,397 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Berkshire Hathaway Class B (BRK.B) for Q4 2018, worth a combined $187B — down 3.3% from $193B a quarter earlier.

Buyers outnumbered sellers: 285 funds opened new BRK.B positions and 83 closed out — a net gain of 202 holders — while 972 added to existing stakes and 811 trimmed.

The largest buyer was Magellan Asset Management, opening a new position worth an estimated $956M. The largest seller was Gates Foundation Trust, cutting an estimated $1.04B.

  • 2,397 institutional investors held Berkshire Hathaway Class B (BRK.B) as of Q4 2018, up from 2,218 in Q3 2018.
  • Funds reported $187B of Berkshire Hathaway Class B stock for Q4 2018, down 3.3% quarter-over-quarter.
  • 285 funds opened new Berkshire Hathaway Class B positions in Q4 2018 and 83 closed out, a net change of +202 holders.
  • The largest Berkshire Hathaway Class B buyer in Q4 2018 was Magellan Asset Management, an estimated $956M added.
  • The largest Berkshire Hathaway Class B seller in Q4 2018 was Gates Foundation Trust, an estimated $1.04B sold.

Based on aggregated 13F filings for Q4 2018.