Berkshire Hathaway - Berkshire Hathaway's insurance business has shown strong performance, with underwriting earnings increasing by 3% in the first nine months of 2025 despite challenges from California wildfires [1] - The transition of leadership from Warren Buffett to Greg Abel is expected to maintain the operational excellence of the company, as Buffett has left Abel with a robust portfolio of businesses and equity stakes [2][3] Gates Foundation and Berkshire Shares - The Gates Foundation continues to hold a significant amount of Berkshire Hathaway shares, with 21.8 million shares valued at approximately $11 billion as of the end of the third quarter [3] - Buffett's annual donations to the Gates Foundation include substantial amounts of Berkshire shares, with last year's donation being 9.4 million Class B shares [4] Investment Strategy - The Gates Foundation's investment strategy is heavily focused on value stocks, with 59% of its marketable equity portfolio concentrated in just three stocks [5] - The foundation's holdings include WM (Waste Management) and Canadian National Railway, both of which are long-term investments that provide steady returns [9][13] WM (Waste Management) - WM holds a dominant position in the waste disposal industry with over 260 landfill locations, benefiting from regulatory barriers that limit competition [10] - The company reported an adjusted operating margin of 31.5% in 2025, an increase from 30% in 2024, and expects further margin expansion in 2026 [11] - Despite a disappointing revenue growth outlook of 5.2% for 2026, WM is focusing on operational improvements to enhance profitability [12] Canadian National Railway - Canadian National Railway is another key holding for the Gates Foundation, with 51.8 million shares valued at about $5.1 billion [13] - The company experienced a 2% revenue increase in 2025, driven by record grain transport volumes, despite challenges from tariffs affecting import volumes [14] - Management has authorized a share repurchase program and is reducing capital expenditures, which should support earnings growth and free cash flow [15][16] Investment Insights - The Gates Foundation's investment approach emphasizes owning a small number of high-quality companies, which can lead to significant long-term wealth accumulation [18] - Berkshire Hathaway shares are currently trading at around 1.55 times book value, which is considered a fair price, but not necessarily a bargain [8]

MONTREAL, Feb. 05, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today its second-best January on record for grain movement, shipping more than 2.72 million metric tonnes of grain from Western Canada. This follows the company’s all-time January record of 2.85 million metric tonnes set in 2020. Despite extreme cold weather across the network, CN adjusted its operations to safely and efficiently move Canadian grain to market supporting farmers, along with supply chain and agriculture partners. ...

Key Takeaways Canadian National delivered Q4 earnings of $1.49 per share and revenues of $3.20B, both above estimates. CNI saw RTMs rise 4% and carloads 2.9% year over year, even as freight revenues per RTM slipped 0.85%. Canadian National improved its operating ratio by 140 bps to 61.2% as operating income climbed 6% Y/Y.Canadian National Railway Company (CNI) reported impressive fourth-quarter 2025 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.The better-than-expected resu ...

iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium ...

Stacy Alderson, Canadian National’s assistant vice president, investor relations, will retire in May. Alderson will be succeeded by Jamie Lockwood, appointed as vice president, investor relations and special projects. Chief Executive Tracy Robinson of Montreal-based CN (NYSE: CNI)  made the announcement during the company’s recent earnings call. Stacy Alderson Robinson said Alderson has “had an exceptional 30-year career here at CN, defined by leadership, integrity, and lasting impact. She’s touched ma ...

MONTREAL, Feb. 04, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the Company’s 2025 Annual Financial Statements, Notes thereto and Management’s Discussion and Analysis, and its 2025 Annual Information Form and Form 40-F, have been filed with Canadian and U.S. securities regulators and are now available in the “Investors” section of its website, www.cn.ca/investors. Printed copies of CN’s 2025 Annual Financial Statements, Notes thereto and Management’s Discussion and Analysis will a ...

MONTREAL, Feb. 04, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the Company’s 2025 Annual Financial Statements, Notes thereto and Management’s Discussion and Analysis, and its 2025 Annual Information Form and Form 40-F, have been filed with Canadian and U.S. securities regulators and are now available in the “Investors” section of its website, www.cn.ca/investors. Printed copies of CN’s 2025 Annual Financial Statements, Notes thereto and Management’s Discussion and Analysis will a ...

Group 1 - The individual investor focuses on managing personal capital accumulated over the years, utilizing a diverse range of investment strategies including fundamental, technical, and momentum investing [1] - The investor aims to leverage the strengths of various investment approaches to refine their investment process [1] - The purpose of writing on Seeking Alpha is to track the performance of investment ideas and connect with like-minded investors [1] Group 2 - There is no stock, option, or similar derivative position held by the analyst in any mentioned companies, nor plans to initiate such positions in the near future [2] - The article reflects the author's personal opinions and is not influenced by compensation from any company [2] - Seeking Alpha does not provide recommendations or advice regarding the suitability of investments for particular investors [3]

MONTREAL, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Tracy Robinson, President and Chief Executive Officer (TSX: CNR) (NYSE: CNI), will address Barclays 43rd Industrial Select Conference on February 17, 2026, at 8:05 a.m. Eastern Time (ET). CN will provide a live webcast via the Investors section of its website at www.cn.ca/investors. A replay of the webcast will be available following the event. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured produc ...

MONTREAL, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will address Citi’s 2026 Global Industrial Tech and Mobility Conference on February 18, 2026, at 7:10 a.m. Eastern Time (ET). CN will provide a live webcast via the Investors section of its website at www.cn.ca/investors. A replay of the webcast will be available following the event. About CNCN powers the economy by safely transporting more than 300 million tons of n ...