Fund Spy

Funds That Buy Like Buffett, 2018

David Kathman, CFA, Ph.D.

This coming Saturday, May 5, 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 in Berkshire's annual report.

This year's letter, like previous ones, included Buffett's explanations and opinions on a variety of topics. Morningstar's Jeremy Glaser discussed all that back in late February when the letter came out. The list of the top stocks in Berkshire's investment portfolio comes near the end. This 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 Weschler, 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 Weschler," 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.