Berkshire Hathaway ETFs Rise After Company's Strong Earnings

Berkshire Hathaway stock climbed nearly 1% on Monday after the conglomerate posted strong first quarter earnings over the weekend. 

The Warren Buffet-led company had operating profits of $11.2 billion in Q1, up 39% from a year ago. 

Net income came in at $12.7 billion, down 64% year-over-year due to fluctuations in Berkshire’s stock portfolio.  

Berkshire owns a host of companies from many different industries, including wholly owned subsidiaries GEICO, BNSF Railway Company, and Alleghany Corporation.  

It also owns positions in publicly traded stocks, like Apple Inc., its single most valuable holding. 

Buffet’s firm owns $135.4 billion worth of the tech giant’s shares, equal to around 40% of Berkshire’s publicly traded portfolio.  

Berkshire trimmed its position in Apple by roughly 13% during the first quarter, according to CNBC calculations.  

Even so, it remains the company’s most valuable holding by far, and at this past weekend’s annual shareholder meeting, Buffet explained that he remains bullish on the stock. 

In addition to Apple, Berkshire also has large stakes in Bank of America, American Express, Coca-Cola, Chevron, and Occidental Petroleum. 

ETFs With Berkshire Weightings 

Though it has exposure to many sectors, Berkshire is classified as a financial company based on the Global Industry Classification Standard. 

Of the 234 U.S.-listed exchange-traded funds that own the company, many of them are ETFs that track the financial sector.  

The iShares U.S. Financial Services ETF (IYG), the iShares U.S. Financials ETF (IYF) and the Financial Select Sector SPDR Fund (XLF) have the largest weightings in the stock, with allocations of 13% to 15%. 

Other exchange-traded funds with large weightings in Berkshire Hathaway include the Davis Select U.S. Equity ETF (DUSA), with a 10% position; the Avantis Inflation Focused Equity ETF (AVIE), with a 6% position; and the iShares Russell Top 200 Value ETF (IWX), also with a 6% position.