Warren Buffett's 1998 Exit from McDonald's Reveals a Rare Departure from His Long-Term Strategy

Berkshire Hathaway does not hold a material stake in McDonald's as of the most recent filings. This follows a historical position that was established in the mid-1990s when the company first bought shares. Berkshire built a sizable position, owning approximately 4.3% of the company. By the late 1990s, the position grew to tens of millions of shares worth hundreds of millions of dollars. Berkshire sold the entire stake by 1998.