Overview
- In Q3, Berkshire sold $12.454 billion and bought $6.355 billion of equities, a net sale of $6.099 billion, according to company filings.
- Cash and short‑term Treasuries totaled roughly $382 billion at quarter‑end, the company’s highest balance on record.
- Since Oct. 1, 2022, Berkshire has been a consistent net seller, disposing of about $184 billion more in stocks than it purchased.
- Share buybacks were paused for a fifth straight quarter as operating profit rose 33.6% to $13.49 billion and net income increased 17.3% to $30.8 billion.
- Analysts warn the longstanding “Buffett premium” may fade, noting Berkshire shares fell 11.6% after the retirement announcement versus a 20.4% gain for the broader market.