# Berkshire Hathaway (BRK-B.US)

Canonical: https://gigainvestors.com/s/BRK-B

Analysis as of: 2026-10-16T07:27:04.831Z. Financial observations: FY2015–FY2025.

Listing currency: USD. Reporting currency: USD.

## Verdict

A wonderful business at a fair price

Quality tests for Buy: pass (profit record: pass; earnings resilience is evidence only). Published buy qualification: yes.

Share price: $525.68 per share; close as of 2026-10-15.

Estimated value: low $560.07 per share, central $700.09 per share, high $933.45 per share. Buy at or below the central value $700.09 per share. Valuation as of 2026-10-16T07:27:04.831Z; scenarios are not confidence intervals.

Expected annual return: 11.3% at the stated quote. About 11.3% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- Financial history: 10 years

- Profitable years in the last ten: 9

- Required profitable years: 8

- Return on common equity variation (informational): 0.69×

Chart: Net income; fiscal year observations.

- FY2016: $24B

- FY2017: $45B

- FY2018: $4.0B

- FY2019: $81B

- FY2020: $43B

- FY2021: $90B

- FY2022: -$23B

- FY2023: $96B

- FY2024: $89B

- FY2025: $67B

### moat: pass

- Common book per share

- Parent-total proxy for preferred equity

- Bank / P&C ROTE, median of available years: 11.2%

- Required median return: 10.0%

- Return uses tangible common equity: No

- Bank ROTE, second-lowest year: 1.2%

- Years with reported combined ratio: 0

Chart: Return on common equity; fiscal year observations.

- FY2016: 8.5%

- FY2017: 12.9%

- FY2018: 1.2%

- FY2019: 19.2%

- FY2020: 9.6%

- FY2021: 17.7%

- FY2022: -4.8%

- FY2023: 17.1%

- FY2024: 13.7%

- FY2025: 9.3%

### economics: pass

- Common book per share

- Parent-total proxy for preferred equity

- Book value per share + reinvested dividends, annualized return: 12.4%

- Book return interval: 10 years

- Starting book value per share: $103.67

- Ending book value per share: $332.55

Chart: Annual book + dividend return; fiscal year observations.

- FY2016: 10.3%

- FY2017: 23.4%

- FY2018: 0.4%

- FY2019: 23.1%

- FY2020: 10.4%

- FY2021: 16.5%

- FY2022: -3.9%

- FY2023: 19.7%

- FY2024: 16.6%

- FY2025: 10.5%

### management: pass

- Common book per share

- Parent-total proxy for preferred equity

- Diluted shares, 10-year annual growth: -1.3%

- Diluted shares, 5-year annual growth: -1.3%

- Share growth excluding flagged crisis recapitalisations: -1.3%

- Five-year share growth excluding flagged crisis recapitalisations: -1.3%

- Flagged crisis recapitalisations: 0

- Book created / earnings retained after dividends and buybacks: 1.35×

- Book value created per share: $228.88

- Earnings retained per share after dividends and buybacks: $168.94

Chart: Shares (first year = 100); fiscal year observations.

- FY2015: 100

- FY2016: 100

- FY2017: 100

- FY2018: 100

- FY2019: 99

- FY2020: 93

- FY2021: 91

- FY2022: 89

- FY2023: 88

- FY2024: 88

- FY2025: 88

### accounting: pass

- Financial accounting warning count: 0

- Known restatement years: 0

## Holders

- [Chuck Akre](https://gigainvestors.com/AC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Steven Check](https://gigainvestors.com/CHE): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Christopher Davis](https://gigainvestors.com/DAV): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Matthew McLennan](https://gigainvestors.com/FE): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Francois Rochon](https://gigainvestors.com/GC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Gates](https://gigainvestors.com/GFT): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Li Lu](https://gigainvestors.com/HC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Duan Yongping](https://gigainvestors.com/HH): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Katz](https://gigainvestors.com/MAVFX): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Gayner](https://gigainvestors.com/MKL): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Andrew Adams](https://gigainvestors.com/MPF): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Ron Muhlenkamp](https://gigainvestors.com/MUHL): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Ruane](https://gigainvestors.com/RC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Christopher Bloomstran](https://gigainvestors.com/SA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Harry Burn](https://gigainvestors.com/SSHFX): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Robert Torray](https://gigainvestors.com/T): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [William Browne](https://gigainvestors.com/TB): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Arnold Van Den Berg](https://gigainvestors.com/VAN): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Wallace Weitz](https://gigainvestors.com/WIM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Donald Yacktman](https://gigainvestors.com/YAM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Guy Spier](https://gigainvestors.com/aq): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Francis Chou](https://gigainvestors.com/ca): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bruce Berkowitz](https://gigainvestors.com/fairx): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

The price assumes profits grow 4.7% a year forever · net income -24.8%

Story as of 2026-10-16T09:58:25.656Z; price observation 2026-10-15.

The price assumes profits grow 4.7% a year forever

- 2025-05-05: Berkshire Hathaway Q1 Earnings Decrease Y/Y on Higher Expenses ([finance.yahoo.com](https://finance.yahoo.com/news/berkshire-hathaway-q1-earnings-decrease-110600023.html))

- 2026-02-28: Berkshire Hathaway Operating Earnings Fell 30% in Fourth Quarter. There Were No Stock Buybacks. ([finance.yahoo.com](https://finance.yahoo.com/m/d52fd83a-1328-3329-be2e-bcc530132f33/berkshire-hathaway-operating.html))

- 2026-03-02: Berkshire Stock Slides After 30% Drop in Operating Earnings ([finance.yahoo.com](https://finance.yahoo.com/m/8155fa5c-ea96-3faa-b1d1-9bc2e5874fae/berkshire-stock-slides-after.html))

- 2026-08-11: Berkshire Hathaway Could Have an Insurance Problem as Underwriting Results Weaken ([finance.yahoo.com](https://finance.yahoo.com/m/a8101d0d-27ca-3fc0-85a3-578235bc6aa5/berkshire-hathaway-could-have.html))

### Net income · FY2025

net income -24.8%; source https://www.sec.gov/Archives/edgar/data/1067983/000119312526083899/brka-20251231.htm; observed 2026-03-02.

- FY2016: $24B 

- FY2017: $45B 

- FY2018: $4.0B 

- FY2019: $81B 

- FY2020: $43B 

- FY2021: $90B 

- FY2022: -$23B 

- FY2023: $96B 

- FY2024: $89B 

- FY2025: $67B 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Gets 53.7% of sales from Sales and services.

- Source: https://www.sec.gov/Archives/edgar/data/1067983/000119312526083899/brka-20251231.htm#000119312526083899 (filed 2026-03-02); FY2025: revenue 371444000000.

- Source: https://www.sec.gov/Archives/edgar/data/1067983/000119312526083899/brka-20251231.htm (filed 2026-03-02); lling interests 2,284 2,287 Total shareholders’ equity 719,703 651,655 Total liabilities and shareholders’ equity $ 1,222,176 $ 1,153,881 See accompanying Notes to Consolidated Financial Statements K-67 BERKSHIRE HATHAWAY INC. and Subsidiaries CONSOLIDATED STATEMENTS OF EARNINGS (dollars in millions except per share amounts) Year Ended December 31, 2025 2024 2023 Revenues: Insurance and Other: Insurance premiums earned $ 88,902 $ 88,257 $ 83,403 Sales and service revenues 199,524 202,334 207,148 Leasing revenues 10,034 9,227 8,416 Interest, dividend and other investment income 23,261 21,825 15,764 321,721 321,643 314,731 Railroad, Utilities and Energy: Railroad transportation revenues 23,330 23,355 23,791 Utility and energy operating revenues 21,856 21,518 21,232 Service revenues and other income 4,537 4,917 4,728 49,723 49,790 49,751 Total revenues 371,444 371,433 364,482 Investment gains (losses) 39,078 52,799 74,855 Costs and expenses: Insurance and Other: Insurance losses and loss adjustment expenses 57,307 56,186 57,187 Life, annuity and health insurance benefits 4,379 3,858 4,029 Insurance underwriting expenses 17,756 

### Why customers stay

It earns 11.2% on shareholders’ money, excluding intangible assets.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); 10-year return on tangible equity observations [[2016,0.08534760874960116],[2017,0.1290281829248685],[2018,0.01153130314336269],[2019,0.1916636651906467],[2020,0.0959486781417263],[2021,0.17739070997769651],[2022,-0.04819992226841056],[2023,0.1714370725119505],[2024,0.13704863806039103],[2025,0.09334572962243821]]; median 0.1124884305332974. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid no dividends in 10 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); Dividend observations: [[2016,0],[2017,0],[2018,0],[2019,0],[2020,0],[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 0.3% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); BRK-B.US SharesStats.PercentInsiders = 0.271 percentage points; cache date 2026-10-16.

### What the price says

The price assumes profits grow 4.7% a year forever.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); Price 525.68; FX 1; original perpetual distributable cash 28.003464944376773; discount 0.1; growth 0.04672906531658657. Same book-value model and 4× ceiling; no ten-year operating fade applies. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $144.30 per share

- 2016-11: $157.44 per share

- 2016-12: $162.98 per share

- 2017-01: $164.14 per share

- 2017-02: $171.42 per share

- 2017-03: $166.68 per share

- 2017-04: $165.21 per share

- 2017-05: $165.28 per share

- 2017-06: $169.37 per share

- 2017-07: $174.97 per share

- 2017-08: $181.16 per share

- 2017-09: $183.32 per share

- 2017-10: $186.94 per share

- 2017-11: $193.01 per share

- 2017-12: $198.22 per share

- 2018-01: $214.38 per share

- 2018-02: $207.20 per share

- 2018-03: $199.48 per share

- 2018-04: $193.73 per share

- 2018-05: $191.53 per share

- 2018-06: $186.65 per share

- 2018-07: $197.87 per share

- 2018-08: $208.72 per share

- 2018-09: $214.11 per share

- 2018-10: $205.28 per share

- 2018-11: $218.24 per share

- 2018-12: $204.18 per share

- 2019-01: $205.54 per share

- 2019-02: $201.30 per share

- 2019-03: $200.89 per share

- 2019-04: $216.71 per share

- 2019-05: $197.42 per share

- 2019-06: $213.17 per share

- 2019-07: $205.43 per share

- 2019-08: $203.41 per share

- 2019-09: $208.02 per share

- 2019-10: $212.58 per share

- 2019-11: $220.30 per share

- 2019-12: $226.50 per share

- 2020-01: $224.43 per share

- 2020-02: $206.34 per share

- 2020-03: $182.83 per share

- 2020-04: $187.36 per share

- 2020-05: $185.58 per share

- 2020-06: $178.51 per share

- 2020-07: $195.78 per share

- 2020-08: $218.04 per share

- 2020-09: $212.94 per share

- 2020-10: $201.90 per share

- 2020-11: $228.91 per share

- 2020-12: $231.87 per share

- 2021-01: $227.87 per share

- 2021-02: $240.51 per share

- 2021-03: $255.47 per share

- 2021-04: $274.95 per share

- 2021-05: $289.44 per share

- 2021-06: $277.92 per share

- 2021-07: $278.29 per share

- 2021-08: $285.77 per share

- 2021-09: $272.94 per share

- 2021-10: $287.01 per share

- 2021-11: $276.69 per share

- 2021-12: $299.00 per share

- 2022-01: $313.02 per share

- 2022-02: $321.45 per share

- 2022-03: $352.91 per share

- 2022-04: $322.83 per share

- 2022-05: $315.98 per share

- 2022-06: $273.02 per share

- 2022-07: $300.60 per share

- 2022-08: $280.80 per share

- 2022-09: $267.02 per share

- 2022-10: $295.09 per share

- 2022-11: $318.60 per share

- 2022-12: $308.90 per share

- 2023-01: $311.52 per share

- 2023-02: $305.18 per share

- 2023-03: $308.77 per share

- 2023-04: $328.55 per share

- 2023-05: $321.08 per share

- 2023-06: $341.00 per share

- 2023-07: $351.96 per share

- 2023-08: $360.20 per share

- 2023-09: $350.30 per share

- 2023-10: $341.33 per share

- 2023-11: $360.00 per share

- 2023-12: $356.66 per share

- 2024-01: $383.74 per share

- 2024-02: $409.40 per share

- 2024-03: $420.52 per share

- 2024-04: $396.73 per share

- 2024-05: $414.40 per share

- 2024-06: $406.80 per share

- 2024-07: $438.50 per share

- 2024-08: $475.92 per share

- 2024-09: $460.26 per share

- 2024-10: $450.92 per share

- 2024-11: $483.02 per share

- 2024-12: $453.28 per share

- 2025-01: $468.67 per share

- 2025-02: $513.83 per share

- 2025-03: $532.58 per share

- 2025-04: $533.25 per share

- 2025-05: $503.96 per share

- 2025-06: $485.77 per share

- 2025-07: $471.88 per share

- 2025-08: $502.98 per share

- 2025-09: $502.74 per share

- 2025-10: $477.54 per share

- 2025-11: $513.81 per share

- 2025-12: $502.65 per share

- 2026-01: $480.53 per share

- 2026-02: $504.95 per share

- 2026-03: $479.20 per share

- 2026-04: $473.60 per share

- 2026-05: $474.48 per share

- 2026-06: $500.39 per share

- 2026-07: $511.54 per share

- 2026-08: $504.03 per share

- 2026-09: $497.95 per share

- 2026-10: $525.68 per share

## Annual estimated value (USD per share)

- FY2016: low $91.55 per share, central $114.44 per share, high $152.59 per share

- FY2017: low $126.93 per share, central $158.66 per share, high $211.55 per share

- FY2018: low $127.87 per share, central $159.84 per share, high $213.11 per share

- FY2019: low $178.76 per share, central $223.45 per share, high $297.93 per share

- FY2020: low $198.43 per share, central $248.04 per share, high $330.72 per share

- FY2021: low $258.50 per share, central $323.12 per share, high $430.83 per share

- FY2022: low $240.69 per share, central $300.87 per share, high $401.16 per share

- FY2023: low $324.12 per share, central $405.15 per share, high $540.20 per share

- FY2024: low $467.50 per share, central $584.37 per share, high $779.16 per share

- FY2025: low $529.02 per share, central $661.27 per share, high $881.69 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:32:44.810Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1067983/000119312526083899/brka-20251231.htm); period 2025-12-31, filed 2026-03-02.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Chuck Akre](https://gigainvestors.com/AC): 8,184 BRK.B shares; USD 4,095,000 reported position value; 0.08% of portfolio; reduce; quarter 2026 Q2.
- [Steven Check](https://gigainvestors.com/CHE): 1,119,075 BRK.B shares; USD 559,974,000 reported position value; 32.27% of portfolio; add; quarter 2026 Q2.
- [Steven Check](https://gigainvestors.com/CHE): 28 BRK.A shares; USD 20,968,000 reported position value; 1.21% of portfolio; reduce; quarter 2026 Q2.
- [David Hoeft](https://gigainvestors.com/DAC): 11,440 BRK.B shares; USD 5,724,000 reported position value; 0% of portfolio; hold; quarter 2026 Q2.
- [David Hoeft](https://gigainvestors.com/DAC): 4 BRK.A shares; USD 2,995,000 reported position value; 0% of portfolio; hold; quarter 2026 Q2.
- [Christopher Davis](https://gigainvestors.com/DAV): 868 BRK.A shares; USD 650,010,000 reported position value; 2.79% of portfolio; reduce; quarter 2026 Q2.
- [Christopher Davis](https://gigainvestors.com/DAV): 738,433 BRK.B shares; USD 369,514,000 reported position value; 1.59% of portfolio; reduce; quarter 2026 Q2.
- [Matthew McLennan](https://gigainvestors.com/FE): 565 BRK.A shares; USD 423,100,000 reported position value; 0.7% of portfolio; hold; quarter 2026 Q2.
- [Matthew McLennan](https://gigainvestors.com/FE): 67,626 BRK.B shares; USD 33,840,000 reported position value; 0.06% of portfolio; add; quarter 2026 Q2.
- [Francois Rochon](https://gigainvestors.com/GC): 248,447 BRK.B shares; USD 124,320,000 reported position value; 4.18% of portfolio; reduce; quarter 2026 Q2.
- [Francois Rochon](https://gigainvestors.com/GC): 9 BRK.A shares; USD 6,740,000 reported position value; 0.23% of portfolio; reduce; quarter 2026 Q2.
- [Bill Gates](https://gigainvestors.com/GFT): 14,689,844 BRK.B shares; USD 7,350,651,000 reported position value; 21.35% of portfolio; reduce; quarter 2026 Q2.
- [Thomas Russo](https://gigainvestors.com/GR): 1,432 BRK.A shares; USD 1,072,353,000 reported position value; 12.01% of portfolio; reduce; quarter 2026 Q2.
- [Thomas Russo](https://gigainvestors.com/GR): 1,079,364 BRK.B shares; USD 540,103,000 reported position value; 6.05% of portfolio; reduce; quarter 2026 Q2.
- [Bill Nygren](https://gigainvestors.com/HA): 25,253 BRK.B shares; USD 12,636,000 reported position value; 0.02% of portfolio; reduce; quarter 2026 Q2.
- [Li Lu](https://gigainvestors.com/HC): 1,108,318 BRK.B shares; USD 554,591,000 reported position value; 14.98% of portfolio; add; quarter 2026 Q2.
- [Duan Yongping](https://gigainvestors.com/HH): 9,229,696 BRK.B shares; USD 4,618,448,000 reported position value; 24.18% of portfolio; add; quarter 2026 Q2.
- [David Katz](https://gigainvestors.com/MAVFX): 12,645 BRK.B shares; USD 6,297,000 reported position value; 0.52% of portfolio; add; quarter 2026 Q3.
- [Thomas Gayner](https://gigainvestors.com/MKL): 1,114 BRK.A shares; USD 834,219,000 reported position value; 6.35% of portfolio; hold; quarter 2026 Q2.
- [Thomas Gayner](https://gigainvestors.com/MKL): 1,531,971 BRK.B shares; USD 766,583,000 reported position value; 5.84% of portfolio; hold; quarter 2026 Q2.
- [Andrew Adams](https://gigainvestors.com/MPF): 23,590 BRK.B shares; USD 11,804,000 reported position value; 0.11% of portfolio; reduce; quarter 2026 Q2.
- [Andrew Adams](https://gigainvestors.com/MPF): 5 BRK.A shares; USD 3,744,000 reported position value; 0.03% of portfolio; hold; quarter 2026 Q2.
- [Ron Muhlenkamp](https://gigainvestors.com/MUHL): 38,495 BRK.B shares; USD 19,263,000 reported position value; 5.58% of portfolio; add; quarter 2026 Q2.
- [Bill Ruane](https://gigainvestors.com/RC): 300,672 BRK.B shares; USD 150,453,000 reported position value; 2.34% of portfolio; reduce; quarter 2026 Q2.
- [Bill Ruane](https://gigainvestors.com/RC): 103 BRK.A shares; USD 77,132,000 reported position value; 1.2% of portfolio; reduce; quarter 2026 Q2.
- [Christopher Bloomstran](https://gigainvestors.com/SA): 273,145 BRK.B shares; USD 136,679,000 reported position value; 15.45% of portfolio; add; quarter 2026 Q2.
- [Christopher Bloomstran](https://gigainvestors.com/SA): 120 BRK.A shares; USD 89,862,000 reported position value; 10.16% of portfolio; add; quarter 2026 Q2.
- [Harry Burn](https://gigainvestors.com/SSHFX): 203,903 BRK.B shares; USD 102,031,000 reported position value; 3.14% of portfolio; add; quarter 2026 Q2.
- [Robert Torray](https://gigainvestors.com/T): 2,884 BRK.B shares; USD 1,443,000 reported position value; 0.21% of portfolio; hold; quarter 2026 Q2.
- [William Browne](https://gigainvestors.com/TB): 144 BRK.A shares; USD 107,834,000 reported position value; 8.17% of portfolio; hold; quarter 2026 Q2.
- [William Browne](https://gigainvestors.com/TB): 97,625 BRK.B shares; USD 48,851,000 reported position value; 3.7% of portfolio; add; quarter 2026 Q2.
- [Arnold Van Den Berg](https://gigainvestors.com/VAN): 22,466 BRK.B shares; USD 11,242,000 reported position value; 2.38% of portfolio; reduce; quarter 2026 Q2.
- [Wallace Weitz](https://gigainvestors.com/WIM): 271,600 BRK.B shares; USD 135,906,000 reported position value; 9.41% of portfolio; reduce; quarter 2026 Q2.
- [Donald Yacktman](https://gigainvestors.com/YAM): 1,161,530 BRK.B shares; USD 581,218,000 reported position value; 7.19% of portfolio; add; quarter 2026 Q2.
- [Guy Spier](https://gigainvestors.com/aq): 97,600 BRK.B shares; USD 48,838,000 reported position value; 33.89% of portfolio; hold; quarter 2026 Q2.
- [Guy Spier](https://gigainvestors.com/aq): 30 BRK.A shares; USD 22,466,000 reported position value; 15.59% of portfolio; hold; quarter 2026 Q2.
- [Francis Chou](https://gigainvestors.com/ca): 86 BRK.A shares; USD 64,401,000 reported position value; 29.73% of portfolio; hold; quarter 2026 Q2.
- [Francis Chou](https://gigainvestors.com/ca): 3,100 BRK.B shares; USD 1,551,000 reported position value; 0.72% of portfolio; hold; quarter 2026 Q2.
- [Bruce Berkowitz](https://gigainvestors.com/fairx): 87,852 BRK.B shares; USD 43,960,000 reported position value; 2.95% of portfolio; add; quarter 2026 Q2.
- [Bruce Berkowitz](https://gigainvestors.com/fairx): 11 BRK.A shares; USD 8,237,000 reported position value; 0.55% of portfolio; add; quarter 2026 Q2.