Berkshire, led by Mr. Buffett, surpasses 600,000 dollars in stock to join the 1 trillion dollar club

Recently, Berkshire, led by Warren Buffett, reached a new milestone. The stock price of Berkshire's Class A shares has broken through 600,000 dollars, making it the 7th company in the US stock market in terms of total market value, and it is also the top 1 outside of the tech industry.

Will you join the trillion-dollar club?
Berkshire Hathaway is currently the 7th largest company in the US with a total market capitalization of about 880 billion dollars, and there are 120 billion dollars left until entering the 1 trillion dollar milestone. The rise in stock prices has boosted the entry of this company representing traditional industries into the 1 trillion dollar club, and this is the first time outside of the tech industry that this has been realized.

At the same time, due to the rapid increase in market capitalization, voices began to be discussed on Wall Street about the possibility of entering the company's Magnificent Seven (“Mag7”) stock list. Strategus Securities recently listed Berkshire as one of the top 3 brands in the Mag 7 Group that have the potential to replace Tesla, and the other 2 brands are Eli Lilly and Broadcom. According to Strategas, considering the total market value and profit contribution to the S&P 500, Berkshire is currently the most likely candidate to join Mag7 as a new member.

Buffett's investment trend?
It took about 2 years for Berkshire's Class A stock to rise from $500,000 to $600,000. Over the past two years, Mr. Buffett has shown several major movements, such as the 11.6 billion dollar acquisition of the insurance company Allegany and the acquisition of approximately 30% of Occidental Petroleum's shares.

According to the latest 13F, Berkshire's total US shareholding as of the end of December last year was about 347 billion dollars, an increase of about 34 billion dollars from 313 billion dollars in the previous quarter. The total amount of holdings of the top 10 stocks held accounted for 92.92% of the total, and Apple accounted for 50.19%.

Meanwhile, for the second consecutive quarter, Berkshire obtained permission from the U.S. Securities and Exchange Commission (SEC) to temporarily keep 1 or more of its shares private. When making large-scale investments, the company does not want other investors to rush to buy before the purchase is completed, so it may request such a response. Investors speculate that Buffett will make a new large-scale investment.

The third quarter ownership report carried out in November last year suggested the possibility that undisclosed investment destinations are banks, financial companies, and insurance companies. A media source said that Berkshire plans to reveal more about its investments and operations in its annual report and annual letter to shareholders to be released on February 24. There is a high level of interest in how Mr. Buffett spells his ally Charlie Munger, who died at age 99 on November 28 last year.