Berkshire Hathaway (BRK.B), led by billionaire investor and CEO Warren Buffett, is a diversified holding company with subsidiaries involved in insurance, freight rail transportation, energy production and distribution, Manufacturing and retail. Berkshire Hathaway also holds a large portfolio of equity securities and derivatives.
The largest shareholders of Berkshire Hathaway B shares are Warren E. Buffett, Ronald L. Olson, Meryl B. Witmer, Vanguard Group Inc., BlackRock Inc. (BLK) and State Street Corp. (STT).
According to the announcement made by Vice Chairman Charlie Munger on May 1, 2021, the unofficial successor to Berkshire Hathaway CEO Warren Buffett will be Berkshire Hathaway Energy CEO Greg Abel, vice chairman of non-insurance business. There is no proposed succession date.
Berkshire Hathaway has been seeking to use its large cash reserves for major acquisitions. The company announced in July that its subsidiary, Berkshire Hathaway Energy, had agreed to acquire natural gas from Dominion Energy Inc. (D) Transmission and storage business. Berkshire Hathaway paid approximately $9.7 billion.
Berkshire Hathaway’s net income and revenue in the past 12 months were US$10 billion and US$237.2 billion, respectively. The company’s market value is approximately 456.4 billion U.S. dollars. These financial data are as of July 14, 2020.
We learn more about Berkshire Hathaway’s top 6 shareholders below.
“Internal personnel” refers to persons who hold senior management positions, members of the board of directors, and persons or entities that hold more than 10% of the company’s shares. In this case, it has nothing to do with insider trading.
Top 3 individual internal shareholders
Warren E. Buffett
Warren Buffett owns a total of 10,188 Berkshire Hathaway Class B shares, accounting for less than 0.01% of the company’s total outstanding shares. According to Berkshire Hathaway’s SEC Form 4 filed on July 8, 2020, Mr. Buffett also holds 248,734 Class A shares of Berkshire Hathaway and also owns 15% of the shares. Buffett is considered one of the most successful investors in the world. He is the chairman and chief executive officer (CEO) of Berkshire Hathaway, as well as many subsidiaries of Berkshire Hathaway. After his investment group took control of Berkshire Hathaway in 1965, Buffett built it into one of the largest and best performing companies in the world. He achieved this goal in two ways: through massive acquisitions of undervalued companies, and investing in the stocks of dozens of listed companies. Berkshire’s huge investment portfolio has equity worth hundreds of billions of dollars. Today, Buffett also serves as the manager of Burlington Northern Santa Fe LLC, another subsidiary of the company. Buffett’s net worth is 71 billion U.S. dollars.
Ronald L. Olsen
Ronald L. Olson owns a total of 2,435 Berkshire Hathaway Class B shares, which represents less than 0.01% of the company’s total issued shares.As a Berkshire director for the past 23 years, he and the board of directors have approved many major acquisitions of different industries by CEO Warren Buffett, which has greatly increased Berkshire’s revenue and net income. Mr. Olson is the co-founder and senior partner of the law firm Munger, Tolles & Olson.
Meryl B. Witmer
Meryl B. Witmer owns a total of 2,000 Berkshire Hathaway Class B shares, representing less than 0.01% of the company’s total issued shares.Ms. Witmer has been a director of Berkshire Hathaway since 2013.She is a general partner of Witmer Capital Management LLC, an investment company, and a managing member of Eagle Value Partners LLC, a portfolio consulting company she founded.
Top three institutional shareholders
Institutional investors hold the majority of Berkshire Hathaway’s Class B shares, accounting for approximately 70% of the total issued shares.
According to the company’s 13F file as of March 31, 2020, Pioneer Group owns 145.9 million Class B shares of Berkshire Hathaway, accounting for 6.0% of the total issued shares.The company is primarily a mutual fund and ETF management company with approximately US$6.2 trillion in global assets under management (AUM).Vanguard S&P 500 ETF (VOO) is one of the company’s largest exchange-traded funds (ETF), with an asset management scale of approximately US$152 billion. Berkshire Hathaway is one of VOO’s top 10 holdings, accounting for 1.39% of the fund’s total holdings.
According to the company’s 13F file as of March 31, 2020, BlackRock owns 109.9 million Class B shares of Berkshire Hathaway, accounting for 4.5% of the total issued shares.The company is mainly a mutual fund and ETF management company with assets under management of approximately US$6.47 trillion. The iShares Core S&P 500 ETF (IVV) is one of BlackRock’s largest ETFs, with an asset management scale of approximately US$200 billion. Berkshire Hathaway is one of IVV’s top 10 holdings, accounting for 1.35% of the fund’s total holdings.
State Street Bank
According to Berkshire Hathaway’s 13F file as of March 31, 2020, State Street owns 76.5 million Berkshire Hathaway’s Class B shares, which represents 3.1% of the total issued shares.The company mainly manages mutual funds, ETFs and other assets, with an asset management scale of approximately US$2.7 trillion.SPDR S&P 500 ETF Trust (SPY) is one of State Street’s largest ETFs, with an asset management scale of approximately US$279 billion. Berkshire Hathaway is one of SPY’s top 10 holdings, accounting for 1.37% of the fund’s total holdings.
Berkshire Hathaway’s diversity and inclusion
As part of our efforts to raise awareness of the importance of company diversity, we provide investors with a glimpse of Berkshire Hathaway’s level of transparency and how this reflects its commitment to diversity, inclusion, and social responsibility . We checked the data released by Berkshire Hathaway. It shows that Berkshire Hathaway has not disclosed any data about its board of directors, top management, general management and overall employee diversity. It also shows that Berkshire Hathaway does not disclose its diversity in terms of race, gender, ability, veteran status, or LGBTQ+ status.