Berkshire Hathaway Deepens Japanese Trading House Stakes While Avoiding U.S. Rail Deals
Berkshire Hathaway has quietly increased its stake in Mitsubishi Corp past the 10% threshold, signaling Warren Buffett's sustained confidence in Japan's trading houses. The holding, now at 10.23% through National Indemnity Company, reflects a strategic accumulation during market dips—a pattern seen across Berkshire's positions in Sumitomo, Itochu, Marubeni, and Mitsui since 2020.
Meanwhile, Buffett definitively ruled out CSX acquisition talks during private Omaha meetings, opting instead for freight cooperation agreements. The dual developments highlight Berkshire's disciplined capital allocation: doubling down on Japan's commodity-focused sōgō shōsha while resisting U.S. railroad consolidation hype.