Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) reported a stake in MasterCard Inc. (MA), the second-biggest payments network, after the billionaire chairman hired money manager Todd Combs to handle part of his company’s portfolio.
Buffett’s firm owned 216,000 shares of MasterCard on March 31, Omaha, Nebraska-based Berkshire said in a regulatory filing listing its U.S. stock portfolio. The stake is valued at $60.3 million, based on the closing price on the New York Stock Exchange yesterday, when the filing was released.
Our Idea is still Western Union which is another stock that Todd Combs like...
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