Added to existing positions between 4/30/2020 and 5/1/2020 in Verizon Communications Inc (VZ) at 57.602, Berkshire Hathaway Inc. (BRK-B) at 187.369 and United Parcel Service Inc (UPS) at 91.9799.

Verizon, UPS and Berkshire are our 5th, 6th, and 12th largest positions respectively.

We had been waiting for a pullback in the recent rally to add more to these existing positions and will continue to resume adding to existing positions as these on more down days. We are attracted to the resilience and dividends of UPS and Verizon during the current environment and the book value/balance sheet of Berkshire Hathaway as well as Berkshire’s ability to excel during uncertain times such as these.

Here is my previous analysis/trades for all positions:

• Berkshire Hathaway Inc. (BRK-B) – Buy
• Verizon Communications Inc (VZ) – Buy
• United Parcel Service Inc (UPS) – Buy