Fund Spy

Funds That Buy Like Buffett, 2019

David Kathman, CFA, Ph.D.

On Saturday, May 4, Omaha, Nebraska will host the event sometimes referred to as “Woodstock for Capitalists”: the annual  Berkshire Hathaway (BRK.B) shareholder meeting, led by chairman Warren Buffett and vice chairman Charlie Munger. (For those who can’t make it in person, the meeting will be livestreamed.) That means it’s time for our annual look at the mutual funds with the biggest stakes in the stocks held in Berkshire Hathaway’s investment portfolio, as listed in Buffett’s annual letter to shareholders and annual report. Morningstar’s Susan Dziubinski discussed the letter when it came out in late February.

Berkshire’s investment portfolio used to be managed entirely by Buffett, but for the past few years some of it has been run independently by Todd Combs and Ted Wechsler, who each now manage more than $10 billion. Thus, a more accurate title for this article might be “Funds That Buy Like Buffett, Combs, and Wechsler,” but that’s not as snappy.

David Kathman, CFA, Ph.D. does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.