On Saturday, Warren Buffett’s Berkshire Hathaway (BRK-B, BRK-A) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.
Inside the Results
Earnings
The company reported earnings of $4.16 billion, or $2,529 per share, down 17% from $4.99 billion, or $3,035 per share, last year. Analysts expected to see EPS of $2,655.09.
Operating earnings rose to $3.96 billion from $3.78 billion.
Warren Buffett Celebrates 50 Years at Berkshire Hathaway
Berkshire Hathaway is known for being the most expensive stock, and one of the biggest companies in the U.S. Over the last 12 months, the company has performed twice as well as the S&P, but whats next for the company?
Buffett noted that future gains will not come close to gains in the past. In his letter to shareholders, he also mentioned several other notable topics including his future successor for when he dies or steps down from his CEO postiion. According to Buffett, he may have found the right person to succeed him as CEO.
In addition, Buffett also noted that the company may start paying a dividend at some point – but not for 10-20 years.
Mutual Funds to Watch
Investors interested in BRK-A may be interested in the funds listed below. These funds currently have the largest stakes in the company.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| FCNTX | Fidelity® Contrafund® | 1.47% |
| NYVTX | Davis NY Venture A | 0.33% |
| SEQUX | Sequoia | 0.18% |
The Bottom Line
The funds listed above allow investors to gain exposure to BRK-A while remaining diversified. Investors may also be interested in General Electric (GE).