Todd Combs' investments since assuming a new leadership role at JPM's $10.1B security and defense-focused fund (Source: WSJ)
Even though Todd Combs is no longer at BH, I thought some of us might be interested in what he's been up to since his departure. I was going to post screenshots but I can't figure out how to post images on this sub.
Edit: $10B fund, not $10.1B
From the article:
"The bank hired Berkshire Hathaway's star investment manager, Todd Combs, to run the $10 billion fund. JPMorgan decided to not put its own money into L3Harris, but it has so far invested in a gold mine in Idaho and a San Diego-based manufacturer of fighter drones powered by artificial intelligence called Shield AI. Dimon has said he wants to eventually allocate $20 billion or more to the fund."
And later on...
"From the $10 billion national-security fund of the bank's own capital, JPMorgan said it has invested $2 billion into companies. It put $75 million into the stock of Perpetua Resources, a mining company that is extracting gold and antimony from an abandoned quarry in Idaho. Antimony is a critical finishing material for bullets and other types of weaponry. Perpetua has also received a $3 billion loan from the U.S. Export-Import Bank, controlled by the Department of Commerce. The fund also invested undisclosed amounts into Databricks, a data storage company that has also been a longtime client of JPMorgan's investment bank to raise stock and borrow debt."