Ackman has for months been pursuing Howard Hughes in a bid to create the next Berkshire Hathaway.Berkshire Hathaway was a textile company when Warren Buffett acquired it in 1965. The legendary investor and his partner Charlie Munger merged two other companies — Diversified Retailing and Blue Chip Stamps — with Berkshire in 1978 and 1983 before closing the textile firm's failing business in 1985.

Warren Buffett-led Berkshire Hathaway (BRK.A) (BRK.B) trimmed another 2% stake in DaVita Inc. (DVA) by selling 750,000 shares. Berkshire is a

Warren Buffett's Berkshire Hathaway said it has sold an additional 750,000 shares of DaVita, reducing its stake in the kidney dialysis services provider by about 2% to 35.14 million shares worth $5.4 billion.

Based on the fourth-quarter 13F filing, Buffett's cash hoard is likely to have swelled even further when the company's annual report is revealed later this month. In addition to the two S&P 500 ETFs, Berkshire's notable sales in the fourth quarter included:

Both stocks trade above their five-year median, likely due to recent guidance. American Express expects 8% to 10% revenue growth and 12% to 16% adjusted EPS growth for 2025, while Visa projects "low double-digit" revenue and "low teens" adjusted EPS growth for its fiscal 2025.

Citi's lead beverages analyst Filippo Falorni views Berkshire Hathaway's investment as "a perfect example of value investing."