On February 26 local time, Berkshire Hathaway, a subsidiary of Warren Buffett, announced the fourth quarter and full year financial results of 2021, including the top 15 heavyweight stocks by the end of last year.
According to the annual report and shareholders' letter, the company made a profit of US $27.455 billion (about 173.4 billion yuan) last year, compared with us $21.922 billion in 2020, an increase of 25% over last year; The net profit attributable to shareholders was US $89.795 billion (about 567.2 billion yuan), compared with us $42.521 billion in the same period last year, an increase of 111%.
Meanwhile, the annual general meeting of shareholders will be held in Omaha from April 29 (Friday) to May 1 (Sunday).
company's annual share price rise outperformed the S & P 500 index
According to Berkshire's annual report, in this 143 page annual report, it is stated that the company invested a total of $27 billion (about 170.5 billion yuan) to buy back shares in 2021, up from $24.7 billion in 2020. Among them, USD 6.9 billion was invested to buy back shares in the fourth quarter of 2021.
Meanwhile, the company's share price soared 29.6% last year, the best performance in nearly eight years, outperforming the S & P 500 index, which rose 26.89% in 2021, and Berkshire's total market value continued to hit a record high. From 1965 to 2021, the compound annual growth rate of Berkshire's market value per share was 20.1%, and the market value growth rate from 1964 to 2021 reached a surprising 3641613%.
Among them, the income from insurance underwriting business was 372 million US dollars, the income from insurance investment was 1219 million US dollars, the income from railway, utilities and energy was 2.241 billion US dollars, the income from other businesses was 2.791 billion US dollars, and the income from other businesses was 662 million US dollars, totaling 7.285 billion US dollars.
According to the annual report, in terms of assets held by the company last year, the top 15 heavyweight stocks by the end of last year were also disclosed. Among them, apple (with a market value of US $161155 billion) and Bank of America (with a market value of US $45.952 billion) ranked first, while the rest were American Express (with a market value of US $24.804 billion), Coca Cola (with a market value of US $23.684 billion), Moody's (with a market value of US $9.636 billion) Verizon (market value US $8.253 billion), United Bank of America (market value US $8.058 billion), Byd Company Limited(002594) (market value US $7.693 billion), Chevron (market value US $4.488 billion), etc.
For the position of Byd Company Limited(002594) , Buffett said in a letter to shareholders that it was held by its company bhe (Berkshire Hathaway energy). Berkshire's shareholders hold only 1.91% of the position.
company has developed into a global diversified investment company
Public information shows that Berkshire Hathaway is a world-famous insurance and diversified investment group headquartered in the United States. The company is mainly engaged in property / casualty insurance and reinsurance business through subsidiaries such as national security company, GEICO and reinsurance giant General Cologne Reinsurance Company, and owns shares in jewelry distribution chain helzberb diamonds, candy company seescandies, Inc., flight training international company and Footwear Company (H.H. brown and Dexter). In addition, the company also holds some equity interests in American Express, Coca Cola, Gillette, the Washington Post, Wells Fargo and Central American energy.
Buffett used Berkshire Hathaway's "floating" concept of insurance business (insurance premium can be invested) to manage his investment. Early in his career at Berkshire, he focused on long-term investments in publicly traded stocks, but recently he has changed his strategy to buy the whole company. Berkshire now has a diversified business complex: candy, retail, railway, home furniture, encyclopedia, vacuum cleaner, jewelry sales manufacturer, press and publication, uniform production and distribution, as well as some regional power and natural gas utilities.
Just before the release of the letter to shareholders, Berkshire's share price also continued to maintain a good trend.
