Sydney-based MFF Capital, the $3.2 billion listed investment firm co-founded by financial luminary Chris Mackay, has announced a significant shift in its portfolio strategy. Shareholders attending the company’s full-year briefing were recently informed that the fund is no longer invested in Berkshire Hathaway, the iconic conglomerate famously led by Warren Buffett and the late Charlie Munger. This move marks a notable departure for a fund historically associated with steadfast adherence to Buffett’s investment philosophies.
Chris Mackay has long forged his formidable reputation in the Australian market by assiduously following the investment wisdom imparted at Berkshire Hathaway’s renowned annual general meetings. MFF Capital is a listed investment firm that primarily invests in a concentrated portfolio of international equities, aiming for long-term capital growth through a disciplined, value-oriented approach. The decision to divest from Berkshire Hathaway, a company often seen as a foundational holding for value-oriented investors, represents a strategic repositioning within MFF Capital’s substantial portfolio.
During the recent full-year briefing, shareholders were explicitly told that the fund, valued at $3.2 billion, no longer holds an investment in the American multinational conglomerate. This announcement comes as Mackay, a figure deeply respected for his disciplined approach and long-term vision, continues to navigate complex global markets. The divestment from a company so central to the investment philosophy Mackay himself has championed has drawn considerable attention within the financial community, underscoring the ongoing evolution of MFF Capital’s investment horizon.
