Berkshire Hathaway disclosed ownership of 5,065,744 shares of the New York Times, valued at approximately $351.7 million, marking its return to media investing after exiting its newspaper portfolio in 2020.
A new study analyzing data from 1990 to 2023 found that AI can predict 71% of mutual fund managers' trade directions. The research suggests that thousands of high-paying finance jobs could become automated. The study, published by the National Bureau of Economic Research, looked at the $54 trillion asset management industry and discovered that senior managers in less competitive categories are the most predictable-and thus the most replaceable.
The ETF holds 50 positions, but the top two dominate in a way that makes the rest almost incidental. Johnson & Johnson carries a 25.4% weight, and Eli Lilly and Company sits at 21.4%. Together they account for roughly 46.8% of the entire fund.