No. of Recommendations: 10
"Berkshire Hathaway BRK.B +0.93% executive Greg Abel, the heir apparent to CEO Warren Buffett, bought $24.6 million of Berkshire shares on Friday, bringing the total value of his stake in the company to about $105 million, according to a regulatory filing on Tuesday.
Abel, who heads the non-insurance operations of Berkshire (ticker: BRK.A, BRK.B), purchased 55 class A shares at a price of $447,259 on Friday, lifting his stake in the A shares to 228 shares. He also owns 2,263 class B shares. Berkshire shares rose 1% Tuesday to $460,515, and the B shares gained 0.9% to $303.85."
From Barrons
Amp it up.
No. of Recommendations: 1
Excellent! We all knew Greg would add more BRK in time but I am very glad he is doing it sooner than later. Good insight into the current value he sees here as well. He bought at a great price 6 months ago and has a large tax bill next month from the sale of his BHE shares.
'In four regulatory filings, Abel, 60, said that on Sept. 29 he purchased 168 Class A shares of Berkshire, each costing more than $405,000, on behalf of a family trust.'
Appears he/ his trust now owns about & $105M BRK with plenty of additional skin in the game and better optics. Pleased (and not surprised) that he bought A shares.
