Berkshire Hathaway Inc. (Class B)

Berkshire Hathaway Inc. is a diversified holding company that owns operating businesses and public equity investments. Its subsidiaries include insurance businesses such as GEICO, railroad operator BNSF Railway, Berkshire Hathaway Energy, and a range of manufacturing, retail and service companies. The group earns revenue from insurance premiums, investment income, rail freight, energy utilities, manufacturing, retail and services. Insurance float from underwriting activities provides long-term investment capital for the group. Class B shares provide economic exposure to Berkshire Hathaway with lower voting power than Class A shares. Berkshire Hathaway was reshaped under Warren Buffett from 1965 and is headquartered in Omaha, Nebraska.