Berkshire Hathaway Adds to DaVita Stake Again ~ market folly

Thursday, February 27, 2014

Berkshire Hathaway Adds to DaVita Stake Again

In what has become a bit of a routine occurrence, Berkshire Hathaway has been out buying even more shares of DaVita (DVA) recently.  Per a Form 4 filed with the SEC, Warren Buffett's company has acquired over 1.1 million shares of DVA.

Berkshire acquired shares at weighted average prices ranging from $66.12 to $68.00 between February 24th and 26th.  After these purchases, Berkshire now owns over 37.6 million shares.

As we've highlighted in our premium publication Hedge Fund Wisdom (new issue just released),  this big stake is most likely attributed to Ted Weschler, one of Berkshire's newer portfolio managers.  DVA was one of Weschler's top holdings at his hedge fund before he joined Buffett's team.

Per Google Finance, DaVita is "a provider of dialysis services in the United States for patients suffering from chronic kidney failure, also known as end stage renal disease (ESRD)." 

If you haven't seen it, be sure to check out Warren Buffett's recommended reading list.

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