Overview

• Peterson Investment reported a 10.1% Q2 2025 decline but 13.6% year-to-date gains and a 10.9% annualized return over nearly 13.75 years in its latest investor letter.
• At Berkshire Hathaway, Warren Buffett said Greg Abel will take day-to-day control on January 1, 2026 while he remains chairman, a succession that Peterson says prompted a roughly 10% short-term sell-off.
• Berkshire’s record cash balance is cited at about $350 billion earning over 4%, and the company beat Q2 2025 expectations with EPS of $0.69 versus a $0.58 forecast.
• For Alibaba, the letter argues regulatory-driven dislocation has left shares undervalued, notes a Q1 2026 EPS miss at $2.06 versus $2.13, and projects the ADR could reach $200 by 2028 if sentiment improves.
• Insider Monkey data show 133 hedge funds held Berkshire at Q2’s end (up from 125) and 101 held Alibaba (down from 125), with September 22 closes at $493.71 for BRK-B (~$1.074T market cap) and $164.25 for BABA (~$400.9B).