Summary
Warren Buffett’s Berkshire Hathaway BRK.B has released its 13F for the first quarter of 2024. The report indicates that Berkshire was a net seller of stocks last quarter. Many of the publicly traded stocks held by Berkshire Hathaways are fairly valued or overvalued.
Charter lost 72,000 net broadband customers during the quarter, worse than the 76,000 added a year ago. Average revenue per residential broadband customer increased only 1.7% year over year. Service revenue per wireless customer appears to have bottomed, growing sequentially.
We expect Kraft Heinz will gain more traction here, given its commitment to supporting the business over the long haul. We view brand support as central to damping intense competitive pressures. With investment in content and technology to improve the SiriusXM streaming app and integration into vehicles, management expects subscriber growth to pick up.
SiriusXM is focusing on podcasts for the SiriusXM subscriber base. The firm will add an exclusive podcast library to other programming that is exclusive for SiriusXM subscribers. Management said its biggest incremental investments are now in podcasting. The Oracle of Omaha chooses companies to buy in How to Invest Like Warren Buffett.
