Berkshire Hathaway increased its holdings in Mitsubishi, Sumitomo, and Marubeni. CEO Greg Abel led the move, continuing a strategy Warren Buffett initiated in 2019.
Regulatory filings show Berkshire’s stake now exceeds 10% in both Sumitomo and Marubeni. The firm is now the largest shareholder in both companies.
Berkshire funded the ongoing investment using yen-denominated debt. The value of the five original trading house stakes has grown significantly since the initial investment.