What Happened To Buffett’s Budweiser Stake?

Berkshire Hathaway (BRKA) filed with the SEC on August 15th and listed its current public stock holdings as of June 30th. Interestingly, there was a notable name absent from the list; Anheiser Busch (BUD).

Now, you may recall BUD came out in late April and said it had learned that Berkshire, Buffett’s holding company, had taken a meaningful stake in it. The stock reacted by jumping $3 to $48 on the news, and many investors bought BUD shares simply because Buffett did.

The question I have is, how come recent SEC filings show no such stake in the beer giant?

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2 Thoughts on “What Happened To Buffett’s Budweiser Stake?

  1. Chad Brand on August 23, 2005 at 10:05 AM said:

    So evidently Berkshire does not have to disclose its holdings if they are still buying (which would obviously push up the price and be a negative for BRK). I would imagine Buffett was pretty peeved at BUD for announcing it and adding $3 to the share price overnight. Fortunately though, BUD stock is trading lower from where the initial purchase was, so Buffett can add more at better prices. I still don’t see much value, even at $44, so I’m thinking this might turn out to be a dud short-term, like PIR was. Long term though, not much downside risk at all.

  2. AndyKern on August 23, 2005 at 12:07 PM said:

    Lets hope you are right long-term. It is a classic Buffett company – the strongest brand in the industry, a distribution system that cannot be matched by any competitor and an very long history of growing earnings.

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