FRI, JUL 07, 2023
Berkshire's rally is approaching its all-time high
A fresh 52-week high today for Berkshire Hathaway's A shares has brought them within striking distance of their all-time high.
After trading as high as $525,000 today, they closed at $521,620 per share, which is a year-to-date gain of 11.3%. They are up almost 18% since their near-term low in March.
A gain of 3.4% from here would set a new record, topping the March 28, 2022, close of $539,180.
The all-time intraday high of $544,389 was hit the next day.
The more widely-held Class B shares also scored a new 52-week intraday high today when they hit $344.07. They closed at $340.90, below Monday's $342.00.
A 5.5 percent gain would bring the B shares above their all-time closing high of $359.57 on March 28 of last year. The all-time intraday high is $362.10.
According to FactSet, Berkshire's market capitalization is just short of $756 billion. It came close to $800 billion last year in March.
At the beginning of the year, Barron's Andrew Bary predicted another "strong" year for Berkshire's stock, writing that it "stands to benefit from an upturn in insurance profits, its acquisition of insurer Alleghany in the fourth quarter of 2022, higher yields on the company's big cash position and income from all the 2022 equity investments led by Chevron and Occidental Petroleum."
In late January, Morningstar put Berkshire on its list of the most undervalued stocks for the first quarter.
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BERKSHIRE'S TOP U.S. STOCK HOLDINGS - July 7, 2023
Berkshire's top holdings of disclosed publicly-traded stocks in the U.S., Japan, and Hong Kong, by market value, based on today's closing prices.
Holdings are as of March 31, 2023 as reported in Berkshire Hathaway’s 13F filing on May 15, 2023, except for:
The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.
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