Warren Buffett Finds 'Sweet Spot,' Hits Home Run With Stake In Major League Baseball Team

Legendary investor Warren Buffett is known for many investments over the years, including a sizable stake in technology giant Apple Inc.

A lover of baseball, Buffett now holds a stake in a publicly traded Major League Baseball team.

What Happened: A new quarterly filing from Berkshire Hathaway Inc BRKBRK revealed a new stock position for the Buffett-led company.

Among the new stakes revealed in the third quarter was Berkshire Hathaway owning 223,645 shares of publicly traded Atlanta Braves Holdings Inc BATRABATRK, which has two classes of shares.

The new position comes thanks to a stake in the baseball team being distributed to shareholders of Liberty Formula One Group, one of the existing positions of the Berkshire Hathaway portfolio. In upcoming quarters, observers will watch to see if Buffett maintains his stake in the baseball team, increases his investment, or decides to sell it.

The stake in the Atlanta Braves holding company was valued at around $8 million at the time of the filing.

The Braves are one of the few publicly traded sports teams. The team won the 2021 World Series, its first MLB title since 1995. The Braves had the best record in MLB in 2023 at 104-58, but had an early exit in the MLB Playoffs for a second straight season.

The Atlanta team has made the MLB Playoffs in six straight seasons. On the DraftKings sportsbook, the Braves are listed as the favorite to win the 2024 World Series, with odds of +700.

Related Link: 10 Public Sports Teams And Leagues For Investors

Buffett's Love of Baseball: Over the years, Buffett has been linked to having an interest in buying several sports teams, including MLB's Chicago Cubs.

Some people may not know that Buffett once owned a minority stake in a baseball team. The legendary investor owned a stake in the Omaha Storm Chasers, a Triple-A baseball affiliate of the Kansas City Royals. Buffett's stake in the team was said to have helped keep the team in Omaha, his hometown.

Buffett and other investors sold the team in 2012.

MLB legend Ted Williams is said to be one of Buffett's favorite baseball players.

While he's a fan of baseball, Buffett has also used the sport for investment analogies.

"The trick in investing is just to sit there and watch pitch and pitch go by and wait for the one right in your sweet spot. And if people are yelling, ‘Swing, you bum!' ignore them," Buffett said on “Becoming Warren Buffett,” as shared by Darren Rovell.

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