A recent article in Barron’s showed the publication’s work in creating a 10-security portfolio that tries to replicate as much as possible the holdings of Berkshire Hathaway (BRK.A) (BRK.B). That’s the conglomerate that Warren Buffett led for decades before departing as CEO last week.
But is that all there is to it? Sure, we can see from public disclosure which stocks are owned. And their portfolio includes one ETF that covers the industrial sector, because that fund, the S&P 500 Industrial Sector SPDR (XLI), has some of Berkshire’s favorites. So the ETF is a surrogate for owning several of the stocks in it. The article discussed XLI only briefly, stating that “We’ve given the ETF a 25% weighting to approximate the value of Berkshire’s industrial and other businesses.”
