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Buffett makes most of the investment decisions at Berkshire, but Tuesday's filing didn't differentiate between choices he made and ones made by the company's other investment managers, Todd Combs and Ted Weschler. Buffett has said he doesn't typically make investments worth less than $300 million, so many of the moves reported Tuesday are likely the work of Combs or Weschler. Buffett has praised both Combs and Weschler and said the two men are managing $2.75 billion each, while Buffett oversees the remaining roughly $150 billion. Combs started at Berkshire last year, so he is further along in building his portfolio. Weschler started early this year. Berkshire's investments are closely watched in the market because of Buffett's successful record. Berkshire occasionally receives permission from the SEC to delay disclosing some stock purchases to prevent others who follow Buffett's moves from driving up the price of those stocks before Berkshire completes its purchases. Berkshire then discloses the purchases or sales in a subsequent quarter and issues amended reports for previous quarters. The SEC says it grants such confidentiality to investment managers only when they can show they would be harmed substantially by immediate disclosure. Besides investments, Berkshire owns roughly 80 subsidiaries, including clothing, furniture and jewelry firms, but its insurance and utility businesses typically account for more than half of the company's net income. Other major investments include Coca-Cola Co. ___ Online: Berkshire Hathaway Inc.:
http://www.berkshirehathaway.com/
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