Warren Buffett's Berkshire Hathaway is looking for an "elephant-sized acquisition": here are some options

Warren Buffett has more money than ever before and is looking for his next major purchase.

Buffett's Berkshire Hathaway had record sales of $ 122 billion in the last quarter, an investment well above his preferred level. In his latest letter to shareholders, Buffett told investors that he was looking for an "elephant-sized acquisition," but that things were too expensive for his liking.

"In the coming years, we hope to transfer much of our excess liquidity into companies that Berkshire will hold permanently," he wrote. "However, the immediate prospects for this are not good – long-term prospects."

Buffett is a value investor, which means that he likes to invest in companies with strong balance sheets that he believes are trading below their market value and that he can hold in the long run.

In a note sent Friday to her clients, Colleen Hansen, senior analyst at Wells Fargo, analyzed the numbers and determined that, based on ongoing valuations, eight companies that Berkshire Hathaway could consider buying:

• Facebook
• CNX Midstream Partners
• Cognizant Technology Solutions
• Cummins
• EQM Midstream Partners
• Regeneron Pharmaceuticals
• Steve Madden
• Urban Outfitters

Berkshire holds a number of first-rate stocks in a portfolio valued at $ 198 billion at the end of the second quarter.

The main holdings of the conglomerate were Apple (49.4 billion dollars), Bank of America (26.9 billion dollars), Coca-Cola (20.4 billion dollars), Wells Fargo (19.4 billion dollars) and American Express ($ 18.7 billion).