Berkshire Hathaway Just Bought $4 Million More of This Stock
Berkshire Hathaway continued its purchases of Verisign in recent days, buying about $4 million of the company that provides Internet domain registry and other services.
The small recent buys, approximately 20,000 shares, were made at an average price of nearly $205 a share, according to a form 4 filing with the Securities and Exchange Commission late Friday.
Berkshire now owns 13.3 million shares of Verisign, a roughly 14% stake worth about $2.7 billion. Berkshire has bought about 500,000 shares since mid-December, after largely being out of the market for the stock since 2014.
The purchases may have been done by Ted Weschler or Todd Combs, two investment managers who work with CEO Warren Buffett in running Berkshire’s $300 billion equity portfolio. The pair run about 10% of it, with Buffett handling the rest. Combs and Weschler tend to hold smaller positions of under $3 billion
Berkshire now has bought the stock for 12 straight trading sessions, but some of the daily buys have been small, including just about 1,600 shares on Tuesday.