Regulators approve Berkshire's acquisition of Alleghany

Warren Buffett's biggest deal since 2016 is set to be completed next week.

In a news release late today, Berkshire Hathaway said its planned $11.6 billion acquisition of Alleghany has been cleared by regulators and is now scheduled to be formally completed on October 19.

When it was announced in March, Buffett said that Berkshire would be "perfect permanent home" for the New York-based insurer, "a company that I have closely observed for 60 years."

Berkshire portfolio's Q3 scorecard

It was a difficult summer for stocks on Wall Street, with the benchmark S&P 500 index falling 5.3% in the third quarter.

The dollar value of Berkshire's disclosed stock portfolio did a bit better, dropping around 4.7%.

Here's how the prices of the individual stocks held as of September 30 did during the quarter:

BUFFETT AROUND THE INTERNET

Some links may require a subscription

• Economic Times: Buffett backed BYD aiming for 40% share in India's electric vehicle market by 2030
  

• Reuters: Fact Check-Claims Warren Buffett tweeted that a former president was ‘begging for money’ originated as satire

• Visual Capitalist: Animation: Berkshire Hathaway’s Holdings Since 1994

• Omaha World-Herald: Alice Buffett Outstanding Teacher Awards discontinued after more than 3 decades

BERKSHIRE STOCK WATCH

BERKSHIRE'S TOP U.S. STOCK HOLDINGS - Oct. 14, 2022

Berkshire's top holdings of disclosed publicly-traded U.S. stocks, and BYD, by market value, based on today's closing prices.

Holdings are as of June 30, 2022 as reported in Berkshire Hathaway’s 13F filing on August 15, 2022, except for:

• Apple, Bank of America, Chevron, and U.S. Bancorp, which also include shares held as of June 30, 2022 as disclosed in New England Asset Management’s 13F filing on August 15, 2022
• BYD, which is as of September 1, 2022
• Occidental Petroleum, which is as of September 28, 2022

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