Warren Buffett and the team at Berkshire Hathaway have exited two of their major investments during 2014. They have sold off shares of five other investments, but they are completely out of the two positions that we will talk about below.
Berkshire Hathaway Exits Its Stake of Deere & Co.
Berkshire Hathaway first entered this position back during the third quarter of 2012. The farm equipment and tractor manufacturer was very appealing to Buffett and Berkshire Hathaway. It’s the play on America that they always look for. Between the third quarter of 2012 and the third quarter of 2014, Buffett held onto 3.98 million shares. During this 24 month period, the stock was down 0.6%. All in all, Berkshire Hathaway made $14 million on dividends during the two years, because the stock has a current yield of 2.46%. Overall, the stake of this company was 0.35% of all of Berkshire Hathaway’s public holdings in the United States at the end of 2013.
Buffett Exits His Position in Starz
Next, the second complete position exit is in the media and entertainment company Starz. Berkshire Hathaway acquired shares of this company resulting in the spinoff from Liberty Media Corp. back in the first quarter of 2013. Due to this change, Berkshire Hathaway ended up owning 4.5 million shares of the television station which were worth $132 million. Between the first-quarter of 2013 and the third quarter of 2014, the stake went up 45%. Berkshire Hathaway exited the position earning significantly more than they were originally worth.