By any measure, Apple is Berkshire's standout stock so far this year

Ted Weschler puts his money on Dillard's

Possibly taking advantage of a massive fall in the department store chain's stock price this year, Berkshire Hathaway portfolio manager has been buying shares of Dillard's, but not for his employer's portfolio.

In an SEC filing Thursday required because his holdings went above 5% of the company's outstanding stock, Weschler discloses he controls a bit more than one million shares.

At Friday's closing price, the 5.9% stake is worth more than $45 million.

The filing does not say exactly when all the shares were purchased, so we don't know the cost basis.

The filing does say "certain securities" in the disclosure are "held in a trust for the benefit of family members."

Barron's notes the troubled company was suffering increasing losses even before the COVID-19 pandemic hit and was removed from the S&P 400 in June because S&P Dow Jones Indices said it was "no longer representative of the midcap market place." 

BUFFETT AROUND THE INTERNET

Some links may require a subscription

BERKSHIRE STOCK WATCH

BERKSHIRE'S TOP STOCK HOLDINGS - October 9, 2020

Berkshire's top stock holdings by market value, based on today's closing prices.

Holdings are as of June 30, 2020 as reported in Berkshire Hathaway’s 13F filing on August 14, 2020 and other filings, except for Bank of America, which is as of August 4, 2020, DaVita, which is as of September 17, 2020, and Wells Fargo, which is as of August 14, 2020.

The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.

QUESTIONS OR COMMENTS

Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.)

If you aren't already subscribed to this newsletter, you can sign up here.

-- Alex Crippen, Editor, Warren Buffett Watch