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Buffett’s Berkshire Initiates Position in MasterCard
In a SEC-required quarterly filing, Warren Buffett’s Berkshire Hathaway disclosed a new, albeit small by Berkshire terms, position in MasterCard (MA).
As of March 31, Berkshire’s assets totaled $53.6 billion according to the SEC. The 13-F filing showed that the company had acquired 216,000 of MasterCard or about $60 million based on today’s pricing of MA.
Although Buffett manages the majority of Berkshire’s assets, analysts believe that the position may have been made by new money manager Todd Combs, who Buffet hired to manage somewhere between $1 billion and $3 billion.
Also of note, Berkshire requested and was granted permission to keep some information and trades confidential. Buffett’s firm has used this tactic before in order to build a stake in a company. This is designed to keep Buffett-watchers from copying his portfolio.
MasterCard - Last 12 Month
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