Vault-13

BERKSHIRE HATHAWAY INC DEL BRK.A

CL A · Common Stock · CUSIP 084670108

American multinational conglomerate holding company

1,411 institutional holders +45 vs Q3 2025
227,609227.6k shares reported held*
$72.1bnreported value*
47 new 114 added 160 reduced 44 sold out net sold ≈ $2.3bn (+38.8k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($34.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $316919.27. Options: 1 managers hold calls ($177.8m notional), 1 hold puts ($957.9m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,035Q4 22: 1,077Q1 23: 1,071Q2 23: 1,072Q3 23: 1,000Q4 23: 1,036Q1 24: 1,030Q2 24: 1,032Q3 24: 1,038Q4 24: 1,070Q1 25: 1,394Q2 25: 1,386Q3 25: 1,366Q4 25: 1,4111,411Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 20221,035
Q4 20221,077
Q1 20231,071
Q2 20231,072
Q3 20231,000
Q4 20231,036
Q1 20241,030
Q2 20241,032
Q3 20241,038
Q4 20241,070
Q1 20251,394
Q2 20251,386
Q3 20251,366
Q4 20251,411

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
5000500Q1 24: 123 bought or addedQ1 24: 168 cut or sold outQ2 24: 130 bought or addedQ2 24: 167 cut or sold outQ2 24Q3 24: 116 bought or addedQ3 24: 153 cut or sold outQ4 24: 132 bought or addedQ4 24: 170 cut or sold outQ4 24Q1 25: 500 bought or addedQ1 25: 191 cut or sold outQ2 25: 159 bought or addedQ2 25: 193 cut or sold outQ2 25Q3 25: 130 bought or addedQ3 25: 197 cut or sold outQ4 25: 161 bought or addedQ4 25: 204 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024123168
Q2 2024130167
Q3 2024116153
Q4 2024132170
Q1 2025500191
Q2 2025159193
Q3 2025130197
Q4 2025161204

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500m$1bn$1.5bn$2bnQ1 25 calls: $0Q1 25 puts: $798.4kQ1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $1.8bnQ3 25 puts: $301.7mQ3 25P/C 0.17Q4 25 calls: $177.8mQ4 25 puts: $957.9mQ4 25P/C 5.39
Numbers
QuarterCallsPutsP/C
Q1 2025$0$798.4k—
Q2 2025$0$0—
Q3 2025$1.8bn$301.7m0.17
Q4 2025$177.8m$957.9m5.39

Biggest buyers

VESTOR CAPITAL, LLC Added +123,930+123.9k
LM Advisors LLC Added +7,538+7.5k
NORTHWESTERN UNIVERSITY Added +389+389
HighTower Advisors, LLC Added +249+249
Corient Private Wealth LP Added +243+243
Rede Wealth, LLC Added +207+207
Laird Norton Wetherby Trust Company, LLC New +156+156
BANK OF MONTREAL /CAN/ Added +147+147
HSBC HOLDINGS PLC Added +132+132
RBF Capital, LLC Added +76+76

Biggest sellers

REGIONS FINANCIAL CORP Reduced -89,587-89.6k
FMR LLC Reduced -2,500-2.5k
FIRST MANHATTAN CO. LLC. Reduced -581-581
FRANKLIN RESOURCES INC Reduced -434-434
Mawer Investment Management Ltd. Reduced -124-124
UBS Group AG Reduced -103-103
Vontobel Holding Ltd. Reduced -100-100
Artemis Wealth Advisors, LLC Sold out -100-100
BlackRock, Inc. Reduced -100-100
JPMORGAN CHASE & CO Reduced -99-99

Biggest calls

CIBC WORLD MARKET INC. Reduced $177.8m236 shares

Biggest puts

CIBC WORLD MARKET INC. Added $957.9m1.3k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BUFFETT WARREN E 13D · may seek influence +0.5 pts · filed 2026-07-15 38.2% +0.5 pts 188.3k≈ $141.0bn 2026-07-15

Fell to 5% or below in the last year: FMR LLC (4.7%, 2026-02-05)

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 1 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 1 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—1——
Q2 20250—0——
Q3 20250—1$929.5k—
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VESTOR CAPITAL, LLC 0.30% of their portfolio CHICAGO, IL 123,936123.9k $4.5m $4.5m 0.30% Added +123.9k +123,930
2 FMR LLC 0.95% of their portfolio BOSTON, MA 24,56524.6k $18.5bn $18.5bn 0.95% Reduced -2.5k -2,500
3 FIRST MANHATTAN CO. LLC. 27.90% of their portfolio NEW YORK, NY 14,07714.1k $10.6bn $10.6bn 27.90% Reduced -581 -581
4 NORGES BANK 0.83% of their portfolio OSLO, Q8 10,30810.3k $7.8bn $7.8bn 0.83% Not comparable
5 LM Advisors LLC 0.00% of their portfolio SAN DIEGO, CA 7,5487.5k $10 $10 0.00% Added +7.5k +7,538
6 VANGUARD GROUP INC 0.04% of their portfolio Valley Forge, PA 3,8863.9k $2.9bn $2.9bn 0.04% Added +34 +34
7 HighTower Advisors, LLC 1.72% of their portfolio CHICAGO, IL 2,0782.1k $1.6bn $1.6bn 1.72% Added +249 +249
8 GARDNER RUSSO & QUINN LLC 12.12% of their portfolio LANCASTER, PA 1,4881.5k $1.1bn $1.1bn 12.12% Reduced -53 -53
9 EVERETT HARRIS & CO /CA/ 12.93% of their portfolio LOS ANGELES, CA 1,4161.4k $1.1bn $1.1bn 12.93% Unchanged
10 Hikari Tsushin, Inc. 55.41% of their portfolio TOKYO, M0 1,1271.1k $850.7m $850.7m 55.41% Unchanged
11 Markel Group Inc. 6.70% of their portfolio Glen Allen, VA 1,1141.1k $840.8m $840.8m 6.70% Unchanged
12 Paralel Advisors LLC 30.14% of their portfolio DENVER, CO 1,0281.0k $775.9m $775.9m 30.14% Unchanged
13 PNC Financial Services Group, Inc. 0.42% of their portfolio Pittsburgh, PA 1,0091.0k $761.6m $761.6m 0.42% Reduced -36 -36
14 Davis Selected Advisers 3.20% of their portfolio Tucson, AZ 943943 $711.8m $711.8m 3.20% Reduced -55 -55
15 US BANCORP \DE\ 0.76% of their portfolio MINNEAPOLIS, MN 859859 $648.4m $648.4m 0.76% Reduced -41 -41
16 Graham Holdings Co Master Retirement Trust 83.38% of their portfolio ARLINGTON, VA 829829 $625.7m $625.7m 83.38% Unchanged
17 Hikari Power Ltd 46.57% of their portfolio TOKYO, M0 783783 $591.0m $591.0m 46.57% Unchanged
18 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 749749 $565.3m $565.3m 0.03% Added +8 +8
19 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 736736 $555.5m $555.5m 0.04% Reduced -18 -18
20 WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 5.67% of their portfolio LONDON, X0 700700 $528.4m $528.4m 5.67% Unchanged
21 Fiduciary Trust Co 5.53% of their portfolio Boston, MA 644644 $486.1m $486.1m 5.53% Unchanged
22 California Public Employees Retirement System 0.28% of their portfolio Sacramento, CA 644644 $486.1m $486.1m 0.28% Reduced -31 -31
23 STATE OF WISCONSIN INVESTMENT BOARD 1.05% of their portfolio MADISON, WI 619619 $467.2m $467.2m 1.05% Added +49 +49
24 Mawer Investment Management Ltd. 2.48% of their portfolio CALGARY, A0 587587 $443.1m $443.1m 2.48% Reduced -124 -124
25 Baldwin Investment Management, LLC 47.38% of their portfolio WEST CONSHOHOCKEN, PA 556556 $419.7m $419.7m 47.38% Unchanged
26 First Eagle Investment Management, LLC 0.73% of their portfolio NEW YORK, NY 553553 $417.4m $417.4m 0.73% Reduced -16 -16
27 BlackRock, Inc. 0.01% of their portfolio New York, NY 508508 $383.8m $383.8m 0.01% Reduced -100 -100
28 UBS Group AG 0.07% of their portfolio ZURICH, V8 476476 $359.3m $359.3m 0.07% Reduced -103 -103
29 Corient Private Wealth LP 0.24% of their portfolio MIAMI, FL 472472 $356.3m $356.3m 0.24% Added +243 +243
30 NORTHWESTERN UNIVERSITY 85.17% of their portfolio EVANSTON, IL 455455 $90.0k $90.0k 85.17% Added +389 +389
31 Graham Holdings Co 29.44% of their portfolio ARLINGTON, VA 422422 $318.5m $318.5m 29.44% Unchanged
32 BANK OF MONTREAL /CAN/ 0.13% of their portfolio TORONTO, A6 418418 $315.5m $315.5m 0.13% Added +147 +147
33 Legal & General Group Plc 0.06% of their portfolio London, X0 387387 $292.1m $292.1m 0.06% Reduced -68 -68
34 Fayez Sarofim & Co 0.67% of their portfolio Houston, TX 368368 $277.8m $277.8m 0.67% Reduced -19 -19
35 BRIDGES INVESTMENT MANAGEMENT INC 3.38% of their portfolio OMAHA, NE 353353 $266.4m $266.4m 3.38% Reduced -15 -15
36 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 346346 $261.2m $261.2m 0.01% Reduced -13 -13
37 Mariner, LLC 0.31% of their portfolio Overland Park, KS 346346 $261.2m $261.2m 0.31% Reduced -2 -2
38 ALLEN HOLDING INC /NY 22.81% of their portfolio NEW YORK, NY 317317 $239.3m $239.3m 22.81% Reduced -13 -13
39 Clearbridge Investments, LLC 0.18% of their portfolio NEW YORK, NY 303303 $228.7m $228.7m 0.18% Reduced -13 -13
40 Canton Hathaway, LLC 43.81% of their portfolio PROVIDENCE, RI 301301 $227.2m $227.2m 43.81% Reduced -1 -1
41 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 280280 $211.3m $211.3m 0.04% Reduced -6 -6
42 Pathstone Holdings, LLC 0.82% of their portfolio ENGLEWOOD, NJ 280280 $211.3m $211.3m 0.82% Added +4 +4
43 ARMSTRONG HENRY H ASSOCIATES INC 19.56% of their portfolio PITTSBURGH, PA 279279 $210.6m $210.6m 19.56% Reduced -5 -5
44 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 278278 $209.8m $209.8m 0.06% Added +132 +132
45 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 262262 $197.8m $197.8m 0.03% Reduced -79 -79
46 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 259259 $195.5m $195.5m 0.03% Reduced -12 -12
47 Virtu Financial LLC 6.67% of their portfolio New York, NY 228228 $172.1m $172.1m 6.67% Reduced -69 -69
48 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 220220 $166.1m $166.1m 0.02% Added +15 +15
49 Creative Planning 0.12% of their portfolio OVERLAND PARK, KS 220220 $166.0m $166.0m 0.12% Added +25 +25
50 WINTON GROUP Ltd 5.65% of their portfolio LONDON, X0 217217 $163.8m $163.8m 5.65% Unchanged
51 Rede Wealth, LLC 54.56% of their portfolio CHARLOTTESVILLE, VA 208208 $157.0m $157.0m 54.56% Added +207 +207
52 BROWN ADVISORY INC 0.21% of their portfolio BALTIMORE, MD 197197 $148.7m $148.7m 0.21% Unchanged
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 186186 $140.4m $140.4m 0.03% Reduced -4 -4
54 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 173173 $130.6m $130.6m 0.04% Reduced -10 -10
55 TIMUCUAN ASSET MANAGEMENT INC/FL 4.21% of their portfolio JACKSONVILLE, FL 172172 $129.8m $129.8m 4.21% Unchanged
56 Auto-Owners Insurance Co 2.65% of their portfolio LANSING, MI 167167 $126.1m $126.1m 2.65% Added +11 +11
57 Laird Norton Wetherby Trust Company, LLC 2.45% of their portfolio Seattle, WA 156156 $117.7m $117.7m 2.45% New
58 RBF Capital, LLC 2.62% of their portfolio RENO, NV 152152 $114.7m $114.7m 2.62% Added +76 +76
59 Focus Partners Wealth 0.13% of their portfolio ST LOUIS, MO 148148 $111.7m $111.7m 0.13% Added +53 +53
60 UMB Bank, n.a. 1.46% of their portfolio Kansas City, MO 145145 $109.4m $109.4m 1.46% Reduced -38 -38
61 Punch Card Management L.P. 36.38% of their portfolio WINTER PARK, FL 145145 $109.4m $109.4m 36.38% Unchanged
62 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 144144 $108.7m $108.7m 0.10% Added +7 +7
63 Tweedy, Browne Co LLC 8.78% of their portfolio Stamford, CT 144144 $108.7m $108.7m 8.78% Unchanged
64 BROWN BROTHERS HARRIMAN & CO 0.56% of their portfolio NEW YORK, NY 137137 $103.4m $103.4m 0.56% Reduced -5 -5
65 NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio NEW YORK, NY 137137 $103.4m $103.4m 0.08% Reduced -19 -19
66 GABELLI FUNDS LLC 0.67% of their portfolio Rye, NY 132132 $99.6m $99.6m 0.67% Reduced -4 -4
67 AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio KANSAS CITY, MO 130130 $98.1m $98.1m 0.05% Reduced -7 -7
68 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.84% of their portfolio AMSTERDAM, P7 130130 $98.1m $98.1m 0.84% Unchanged
69 Universal- Beteiligungs- und Servicegesellschaft mbH 0.16% of their portfolio FRANKFURT AM MAIN, 2M 130130 $98.2m $98.2m 0.16% Added +10 +10
70 ROYAL LONDON ASSET MANAGEMENT LTD 0.20% of their portfolio UNITED KINGDOM, X0 129129 $97.4m $97.4m 0.20% Reduced -1 -1
71 Deltroit Asset Management (UK) LLP 15.83% of their portfolio LONDON, X0 128128 $96.6m $96.6m 15.83% First filing
72 WS MANAGEMENT LLLP 12.62% of their portfolio JACKSONVILLE, FL 125125 $94.3m $94.3m 12.62% Unchanged
73 Davis Asset Management, L.P. 3.24% of their portfolio SAUSALITO, CA 120120 $90.6m $90.6m 3.24% Unchanged
74 HARTLINE INVESTMENT CORP/ 9.71% of their portfolio WINNETKA, IL 119119 $89.8m $89.8m 9.71% Reduced -1 -1
75 SG Americas Securities, LLC 0.12% of their portfolio NEW YORK, NY 119119 $89.8m $89.8m 0.12% Added +60 +60
76 Mill Capital Management, LLC 6.37% of their portfolio CONCORD, NC 117117 $88.3m $88.3m 6.37% Reduced -2 -2
77 STATE OF MICHIGAN RETIREMENT SYSTEM 0.43% of their portfolio EAST LANSING, MI 116116 $87.6m $87.6m 0.43% Unchanged
78 SEMPER AUGUSTUS INVESTMENTS GROUP LLC 10.07% of their portfolio Highlands Ranch, CO 116116 $87.6m $87.6m 10.07% Unchanged
79 Ruane, Cunniff & Goldfarb L.P. 1.36% of their portfolio New York, NY 115115 $86.8m $86.8m 1.36% Reduced -2 -2
80 MERCER GLOBAL ADVISORS INC /ADV 0.13% of their portfolio DENVER, CO 114114 $86.0m $86.0m 0.13% Reduced -5 -5
81 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 113113 $85.5m $85.5m 0.02% Reduced -8 -8
82 Well Done, LLC 12.63% of their portfolio HOLLAND, MI 112112 $84.5m $84.5m 12.63% Unchanged
83 GENERAL AMERICAN INVESTORS CO INC 5.17% of their portfolio NEW YORK, NY 110110 $83.0m $83.0m 5.17% Unchanged
84 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio BALA CYNWYD, PA 107107 $80.8m $80.8m 0.11% Added +73 +73
85 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 106106 $80.0m $80.0m 0.02% Added +12 +12
86 COMMONWEALTH EQUITY SERVICES, LLC 0.11% of their portfolio WALTHAM, MA 105105 $79.3m $79.3m 0.11% Reduced -15 -15
87 Douglass Winthrop Advisors, LLC 1.39% of their portfolio NEW YORK, NY 105105 $79.3m $79.3m 1.39% Reduced -1 -1
88 FLOW TRADERS U.S. LLC 2.50% of their portfolio NEW YORK, NY 101101 $76.2m $76.2m 2.50% Added +24 +24
89 PROFESSIONAL ADVISORY SERVICES INC 0.10% of their portfolio VERO BEACH, FL 100100 $755.0k $755.0k 0.10% Unchanged
90 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 9999 $74.7m $74.7m 0.01% Reduced -99 -99
91 Quantinno Capital Management LP 0.15% of their portfolio NEW YORK, NY 9898 $74.0m $74.0m 0.15% Added +25 +25
92 HOLLENCREST CAPITAL MANAGEMENT 2.48% of their portfolio NEWPORT BEACH, CA 9595 $71.7m $71.7m 2.48% Unchanged
93 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 9191 $68.7m $68.7m 0.04% Reduced -4 -4
94 Ninety One SA (Pty) Ltd 2.97% of their portfolio Cape Town, T3 9191 $68.7m $68.7m 2.97% Reduced -91 -91
95 Bank Pictet & Cie (Europe) AG 1.34% of their portfolio FRANKFURT AM MAIN, 2M 8989 $67.2m $67.2m 1.34% Unchanged
96 Chou Associates Management Inc. 32.21% of their portfolio TORONTO, A6 8686 $64.9m $64.9m 32.21% Unchanged
97 Accredited Investors Inc. 3.45% of their portfolio EDINA, MN 8686 $64.9m $64.9m 3.45% Added +7 +7
98 ACR Alpine Capital Research, LLC 1.00% of their portfolio ST. LOUIS, MO 8585 $64.2m $64.2m 1.00% Unchanged
99 Cerity Partners LLC 0.09% of their portfolio NEW YORK, NY 8585 $64.1m $64.1m 0.09% Added +7 +7
100 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 8484 $63.4m $63.4m 0.04% Reduced -4 -4