Core Insights - Berkshire Hathaway was a net seller of stocks in Warren Buffett's final quarter as CEO, significantly reducing its holdings in Apple, American Express, and Bank of America [1][2][3] Stock Sales - Berkshire has sold Apple shares for three consecutive quarters, reducing its stake by over 75% since summer 2023, although it remains the largest equity stake valued at $60.3 billion [1][2] - The sales of Apple have allowed American Express to close the gap in value from nearly $150 billion to just under $8 billion [2] - Berkshire's stake in Amazon.com decreased from $2.2 billion to $478 million after selling 7.7 million shares, marking a 77% reduction [3] Stock Purchases - Berkshire increased its stake in Chevron by 6.6% during the fourth quarter, adding $1.2 billion to its position, which is now valued at almost $24 billion, up from $19.8 billion [5][6] - Chubb was the second-largest buy in the quarter, with a 9.3% increase adding approximately $910 million to its value [6] - A small stake in The New York Times Company was added, valued at $395 million, which increased by 12.4% due to a rise in the newspaper's share price [8][11][12] Utility Operations - Berkshire's PacifiCorp agreed to pay $575 million to resolve federal wildfire claims, settling nearly 90% of known claims for over $2.2 billion [14][15] - The utility is also selling $1.9 billion in assets to improve financial stability amid over $50 billion in potential liabilities from private claims related to wildfires [16]

Nearly $11 billion of the Gates Foundation's portfolio is parked in a single stock.The Bill & Melinda Gates Foundation Trust -- the investment vehicle that funds the foundation's charitable work around the globe -- holds a portfolio valued at roughly $36.6 billion today. Nearly 30% of the entire trust -- just shy of $11 billion -- is invested in a single stock, one that also happens to be a favorite of one of history's most celebrated investors, Warren Buffett. That's not a coincidence. Gates and Buffett ha ...

ORLANDO, Fla., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Innventure, Inc. (NASDAQ: INV) (“Innventure”), an industrial growth conglomerate, today issued the following statement in response to the Schedule 13 D filed by Commonwealth Asset Management: Innventure’s Board of Directors and management team are committed to acting in the best interest of all shareholders. We regularly engage with our shareholders and evaluate a variety of strategic priorities in line with our commitment to supporting the Company’s long-ter ...

Oleksii Liskonih/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify SoftBank among firms interested in $36B Japan-financed projects announced by Trump admin in Texas, Georgia, and Ohio. (00:14) YouTube back online after recommendation glitch disrupts 350,000+ users worldwide. (01:20) Palantir confirms it has moved headquarters to Florida from Colorado. (01:52) This is an abridged transcript. Japan intends to invest $36 billion in U.S. oil, gas, and critical mineral proje ...

Core Insights - Berkshire Hathaway is transitioning leadership from Warren Buffett to Greg Abel, raising investor concerns about the company's future performance [2][5] - Buffett's long tenure has set high expectations for Abel, who is expected to maintain the company's legacy of excellence [2][6] Leadership Transition - The succession plan has been a topic of interest for shareholders, with Buffett and Charlie Munger previously assuring investors that a plan was in place [5] - In 2021, Berkshire's board unanimously supported Abel as Buffett's designated successor, indicating a structured transition [5] Financial Position - Berkshire Hathaway has positioned itself financially for Abel's leadership, accumulating a record cash reserve of $382 billion by the end of 2025 [7] - This substantial cash reserve provides Abel with significant flexibility for capital allocation, including potential acquisitions or share repurchases [8] Investment Strategy - Analysts suggest that Abel may consider strategies that were previously unthinkable under Buffett, such as initiating dividends for shareholders [8] - Despite not adding Berkshire stock to a specific portfolio, the company remains a top individual stock holding, indicating confidence in its long-term value [10] Market Performance - Berkshire Hathaway's market capitalization stands at $1.1 trillion, with a current stock price of $507.92 and a gross margin of 24.85% [9] - The company often performs well when tech-focused peers struggle, providing stability for long-term investors [11]

Core Insights - Berkshire Hathaway has generated over 260,000% returns since 1985, significantly outperforming the broader stock market, and continues to instill confidence among shareholders despite Warren Buffett's departure as CEO [1] Financial Performance - Berkshire Hathaway's revenue shows a steady upward trajectory, but net income exhibits significant volatility, with a peak close to $100 billion in one year following a loss of nearly $23 billion the previous year [3][4] - The company's financial results can be misleading due to the nature of its investments, which include both wholly owned subsidiaries and minority interests in publicly traded stocks [4] Investment Strategy - Berkshire Hathaway invests capital primarily in two ways: acquiring businesses outright, which contributes stable revenue and net income, and maintaining significant minority interests in publicly traded stocks [4] - The top five holdings in Berkshire's investment portfolio—Apple, American Express, Bank of America, Coca-Cola, and Chevron—account for approximately $185 billion in value [5]

Core Insights - Singapore's blue-chip earnings season is critical as major companies prepare to report their financial performance, with a focus on sustainable dividend growth and operational metrics [1][2] CapitaLand Integrated Commercial Trust (CICT) - CICT has made significant investments, including acquiring a 55% stake in CapitaSpring for S$1.05 billion, and integrating ION Orchard to enhance its portfolio [3] - For the nine months ending September 2025, CICT reported gross revenue of S$1.19 billion and net property income (NPI) of S$874.2 million, reflecting modest year-on-year increases of 0.1% and 0.2% respectively [4] - Shopper traffic and tenant sales surged by 24.8% and 19.2% YoY, largely driven by ION Orchard, while excluding this asset, growth was more modest at 4.5% and 1.0% respectively [5] - CICT's leverage stands at 39.2% with an average cost of debt at 3.3%, raising concerns about whether NPI growth can outpace rising debt costs [6] Keppel Ltd - Keppel has transformed into an asset-light model, monetizing approximately S$2.4 billion in assets in the first nine months of 2025, totaling S$14 billion since late 2020 [7] - The M1 divestment is expected to unlock nearly S$1 billion in cash, highlighting the company's focus on shareholder returns [7] - Keppel's management aims to balance asset sales with generating recurring income to sustain dividends as one-off windfalls diminish [9] - An additional S$500 million in asset sales is targeted, with investor interest in how much cash will be reinvested versus distributed to shareholders [10] Singapore Exchange (SGX) - SGX reported a net revenue increase of 11.7% YoY to nearly S$1.3 billion, driven by a 49.7% surge in currency derivatives and an 18.7% rise in cash equities [11] - The board proposed a final quarterly dividend of S$0.105 per share, raising total FY2025 dividends to S$0.375, up from S$0.345 in FY2024, with a commitment to increase dividends by S$0.0025 quarterly through FY2028 [12] - SGX's performance is closely tied to market volatility and trading volumes, with the Fixed Income, Currencies and Commodities segment being a key growth driver [13] - Maintaining revenue growth guidance of 6% to 8% is crucial for sustaining the dividend escalator [14] Investor Considerations - Upcoming earnings reports will focus on whether CICT's premium acquisitions yield premium returns, Keppel's monetization strategy can sustain dividends, and SGX's market activity supports its dividend growth [15][16]

Company Overview - 3M Company (NYSE:MMM) is one of the largest industrial conglomerates globally [2] - The shares have increased by 1.28% over the past year but have decreased by 3.4% year-to-date [2] Analyst Ratings - JPMorgan downgraded 3M's shares to Neutral from Overweight in January, setting a price target of $128 [2] - RBC Capital raised the price target for 3M to $136 from $131 while maintaining an Underperform rating [2] Performance Insights - 3M's shares have outperformed their sector since early 2024, according to JPMorgan [2] - Recent selling pressure on 3M's shares was attributed to weakness in the consumer business [2] Legal and Operational Challenges - Potential headwinds for 3M include PFAS litigation, which encompasses several litigation categories [2] - The company faces a complicated road ahead in driving innovation across its business [2] Market Commentary - Jim Cramer defended 3M after its earnings report, suggesting that the company's performance was misjudged [3]

Core Viewpoint - Dover Corporation (DOV) has demonstrated strong financial performance, with a notable increase in earnings and institutional support, indicating potential for further stock price appreciation. Group 1: Financial Performance - DOV reported adjusted per-share earnings of $9.61 for Q4 fiscal 2025, reflecting a 16% annual gain [1] - The company generated quarterly free cash flow of $487 million [1] - EPS guidance for 2026 is projected to be as high as $10.65, with an estimated EPS growth of +13.6% this year [1][4] - DOV has a three-year EPS growth rate of +33.7% [6] Group 2: Institutional Support - There has been strong investor demand for DOV shares over the last six months, indicating significant institutional support [2] - The stock has been accumulating unusual volumes, suggesting a positive trend driven by Big Money investors [3][7] Group 3: Market Position and Predictions - DOV has been recognized as a top-rated stock by MoneyFlows, indicating unusual buy pressure and strong fundamentals [5] - The historical performance of DOV, combined with current market trends, suggests it could be a valuable addition to a diversified portfolio [8]

Core Insights - Honeywell International Inc. reported mixed fourth-quarter 2025 results, with adjusted earnings per share (EPS) of $2.59, exceeding analysts' estimates of $2.54, while revenue of $9.76 billion fell short of expectations of $9.85 billion [1] Financial Performance - For fiscal 2026, Honeywell anticipates adjusted EPS in the range of $10.35 to $10.65, slightly below analyst estimates of $10.38, and expects sales between $38.8 billion and $39.8 billion, compared to the street view of $39.62 billion [2] - In the first quarter of 2026, the company projects adjusted EPS of $2.25 to $2.35, compared to the consensus estimate of $2.34, and revenue expectations of $9.1 billion to $9.4 billion, versus consensus of $9.29 billion [2] Strategic Outlook - Honeywell's CEO, Vimal Kapur, highlighted a record backlog of over $37 billion as a strong position for 2026, with plans to complete the separation of its automation and aerospace businesses by the third quarter of 2026 [3] - The company has established a new segment structure aimed at driving cross-portfolio synergies and accelerating long-term profitable growth [3] Analyst Ratings and Price Targets - Following the earnings announcement, Wells Fargo analyst Joseph O'Dea maintained an Equal-Weight rating and raised the price target from $215 to $235 [5] - Barclays analyst Julian Mitchell kept an Overweight rating and increased the price target from $250 to $259 [5] - RBC Capital analyst Deane Dray maintained an Outperform rating and raised the price target from $249 to $268 [5]