Buffett May Post $6 Billion Stock Gain After Rally
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Warren Buffett’s Berkshire Hathaway Inc. may report that the value of its equity portfolio rose by $6.3 billion in the last three months of 2010 as holdings in Wells Fargo & Co. and Coca-Cola Co. rallied, Barclays Plc said.
The stock market rally may have helped boost Omaha, Nebraska-based Berkshire’s fourth-quarter unrealized net investment gains to $7.2 billion from $322 million a year earlier, Jay Gelb, a Barclays analyst, said today in a research report. Unrealized gains, which reflect increases in the market prices of investments such a stocks and bonds, aren’t used to calculate net profits and losses.