Funds That Buy Like Buffett, 2020
These mutual funds own the same stocks as the Oracle of Omaha.
In a normal year, thousands of people would be converging on Omaha, Nebraska next weekend for the event sometimes known as "Woodstock for Capitalists." That's the annual Berkshire Hathaway (BRK.B) shareholder meeting, hosted by chairman Warren Buffett and vice chairman Charlie Munger. However, this is anything but a normal year because of the coronavirus pandemic. The in-person portion of the Berkshire meeting and associated festivities have been canceled, though the meeting will still be held at 3:45 p.m. on Saturday, May 2, with only Buffett, Munger, and a few Berkshire employees in attendance. The meeting still will be livestreamed by Yahoo.
That cancellation may be a disappointment for Buffett fans, but his investing principles are more important than ever in this time of uncertainty and market volatility. Thus, it's still a great time for our annual "Funds That Buy Like Buffett"--a look at mutual funds with the highest percentage of stocks in common with Berkshire Hathaway's investment portfolio, as listed in Buffett's annual letter to shareholders and Berkshire's annual report. Morningstar's Susan Dziubinski discussed the letter when it came out in February, and last year's "Funds That Buy Like Buffett" contains links to previous articles.
David Kathman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.