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As we've been detailing here on Warren Buffett Watch, Berkshire bought almost three million shares at a total price of almost $229 million dollars between Monday, January 7 and Tuesday, January 22. SEC filings show purchases on every day the markets were open during that period except for Friday, January 11.
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Burlington closed at $76.51 on January 22, near its lowest close during the entire 11-day period. The next day it gained over 4% to finish at $79.67 and we haven't had any additional purchases disclosed since then.
Burlington finished last week at $88.30, it's highest daily close since last July. That's a 15.4 percent jump from the day of Buffett's most recent purchase. It also represents a 14.1 percent gain from the weighted average of $77.38 that Berkshire paid for its Burlington shares last month. Current price: [BNI
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Berkshire Hathaway's Burlington Northern Buying Spree |
| Date | Shares Acquired | Price/Share | Total Price |
| Monday, January 7 | 29,600 | $76.55 | $2,265,880 |
| Tuesday, January 8 | 240,000 | $77.89 | $18,693,600 |
| Wednesday, January 9 | 435,700 | $77.12 | $33,601,184 |
| Thursday, January 10 | 46,100 | $77.78 | $3,585,658 |
| Monday, January 14 | 141,400 | $78.18 | $11,054,652 |
| Tuesday, January 15 | 807,400 | $77.69 | $62,726,906 |
| Wednesday, January 16 | 44,200 | $76.55 | $3,383,510 |
| Thursday, January 17 | 205,800 | $77.83 | $16,017,414 |
| Friday, January 18 | 996,100 | $76.97 | $76,669,817 |
| Tuesday, January 22 | 10,300 | $75.51 | $777,753 |
| TOTAL | 2,956,600 | $77.38 | $228,776,374 |
While it is far too early for anyone to declare victory, and we must remember that Warren Buffett buys for the long-term, Burlington's big short-term rally is a striking example of Berkshire's stock-picking skills.
(An email from Mark K. after this post was published points out, however, that two other railroads Berkshire was selling last year, did even better over the same short-term period. From January 22 through February 1, Norfolk Southern was up 24.9 percent and Union Pacific gained 15.9 percent.)
In November, a study by two university professors demonstrated that investors who simply follow Buffett's lead on stocks have wound up way ahead of the game.
In a few weeks, we'll be getting an update on what was in Berkshire Hathaway's stock portfolio as of the end of the year, which will give Buffett-followers more ammunition. Stay tuned!
Berkshire's current price: [US;BRK.A
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Data is a real-time snapshot *Data is delayed at least 15 minutes