Is Buffett right about BNY Mellon (BK)? — Market Mad House

BNY Mellon (BK) is probably the largest Berkshire Hathaway holding most investors have never heard of.

To explain, BNY Mellon was the ninth-largest Berkshire Hathaway (BRK.B) holding on 30 September 2020, Investor’s Business Daily reports. A Securities and Exchange Commission (SEC) filing reveals Berkshire Hathaway owned 72.4 million shares of BNY Mellon on that day.

BNY Mellon, or Bank of New York Mellon (BK), is a commercial and investment bank. Most people have never heard of BNY Mellon because it…