Warren Buffett’s Hand Is Everywhere

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

U.S. and global stock markets closed a positive week, though upward momentum waned somewhat.

All of the major market indexes rose by less than 1%. The S&P 500 rose 0.33%, the Dow Jones jumped 0.70%, the Nasdaq recovered 0.98% and the MSCI Emerging Markets Index eked out a 0.74% gain.

Your Smart Money Masters portfolio had a good week.

Prem Watsa’s bet on BlackBerry (BB) jumped another 4.52%. Dan Loeb’s Baxter International (BAX) gained 3.58%. Restaurant Brands International (QSR) rose 3.16%. Wilbur Ross’ Navigator Holdings (NVGS) gained 1.80%.

Seven of your positions sport double-digit-percentage gains. PayPal Holdings (PYPL) is now up over 63%.

Restaurant Brands International (QSR) and BlackBerry (BB) are both up by about 30% since they were recommended.

Kraft Heinz (KHC), Liberty Broadband (LBRDK), The St. Joe Company (JOE) and Costco (COST) are all trading below their 50-day moving averages and are currently HOLDs.

Portfolio Update

Warren Buffett is a recurring theme in your Smart Money Masters.

I have always listed Restaurant Brands International (QSR) as an investment by Bill Ackman.

That’s because Ackman has an incredible 40.1% of his fund Pershing Square Capital Management invested in the company’s stock.

Here’s what I have not yet highlighted. While private equity firm 3G Capital is the largest shareholder, owning 42.5% of the shares, the second-largest shareholder, owning 11.6% of QSR, is National Indemnity.

National Indemnity itself is a subsidiary of Warren Buffett’s Berkshire Hathaway (BRK-B)

Once you look through the ownership structure, together, 3G and Berkshire own about 54% of QSR. That means that 3G and Berkshire effectively control the entire company.

Exclusive  Dear Uncle Sam, Please Stay out of My Mouth

Indeed, Warren Buffett’s hand is everywhere.

Sincerely,

Nicholas Vardy

Nicholas A. Vardy

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