For someone who backed Hillary Clinton in the presidential election, Warren Buffett has done just fine so far with a Donald Trump victory.
The multibillionaire head of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset Nov. 8.
Buffett has benefited particularly well from the myriad financial holdings he holds in the company’s portfolio. Bank stocks have surged since Trump’s win, on anticipation of higher rates and less regulation of Wall Street.
Taken together, the company’s half-dozen top financial holdings have brought the Oracle of Omaha a hefty $4.3 billion in profits since the world woke up on Nov. 9 and realized that Trump was going to be the 45th U.S. president. (That total is based on Monday’s close and differs somewhat from a Motley Fool analysis that used different baselines.)
Bank stocks in total, as gauged by the KBW Nasdaq Bank Index, have gained 13.5 percent during the period. Berkshire’s Class B shares were up 8.6 percent through Monday’s close and have jumped more than 20 percent year to date.
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