Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: rationalwalk Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 214655  
Subject: Re: More DaVita purchases Date: 11/14/2012 12:55 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 5
But speaking of footnotes, this one is more interesting:

5,748,045 of the total reported securities are owned by the following pension plans of Berkshire's subsidiaries: Acme Brick Company Pension Trust (175,000), The Buffalo News Office Pension Plan (65,000), The Buffalo News Mechanical Pension Plan (16,000), The Buffalo News Drivers/Distributors Pension Plan (7,000), The Buffalo News Editorial Pension Plan (105,000), Dexter Pension Plan (90,000), Flightsafety International Inc. Retirement Income Plan (300,000), Fruit of the Loom Pension Trust (670,000), GEICO Corporation Pension Plan Trust (1,303,769), Johns Manville Corporation Master Pension Trust (1,182,800), Justin Brands, Inc. Union Pension Plan & Justin Brands, Inc. Pension & Trust (96,000), Scott Fetzer Collective Investment Trust (187,000), and BNSF Master Retirement Trust (1,550,476); each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.

So roughly half of the DaVita position resides within Berkshire's pension plans which are not considered assets of Berkshire...

I know that Buffett has personally managed the pension plans in the past. Could part of the funds allocated to Combs and Weschler be from the pension plans? Or is Buffett buying DaVita himself on behalf of the pension plans following Weschler's purchases on behalf of Berkshire itself?

Interesting situation...
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement