BERKSHIRE HATHAWAY INC DEL BRK.B
CL B NEW · Common Stock · CUSIP 084670702 · ISIN US0846707026
American multinational conglomerate holding company
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersOmaha, NE
- Founded1955
- Websiteberkshirehathaway.com
- FilingsSEC EDGAR
* 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 ($981.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $356.34. Options: 55 managers hold calls ($6.6bn notional), 63 hold puts ($4.2bn).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 3,332 |
| Q4 2022 | 3,557 |
| Q1 2023 | 3,543 |
| Q2 2023 | 3,596 |
| Q3 2023 | 3,642 |
| Q4 2023 | 3,914 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 1,484 | 1,403 |
| Q1 2023 | 1,474 | 1,497 |
| Q2 2023 | 1,484 | 1,538 |
| Q3 2023 | 1,593 | 1,440 |
| Q4 2023 | 1,638 | 1,487 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $5.4bn | $3.8bn | 0.70 |
| Q2 2023 | $6.9bn | $3.8bn | 0.55 |
| Q3 2023 | $6.4bn | $3.9bn | 0.60 |
| Q4 2023 | $6.6bn | $4.2bn | 0.64 |
Biggest buyers
| MORGAN STANLEY | Added | +24.1m |
| JPMORGAN CHASE & CO | Added | +10.7m |
| STATE STREET CORP | Added | +2.2m |
| DEUTSCHE BANK AG\ | Added | +1.2m |
| BlackRock Inc. | Added | +1.2m |
| Cerity Partners LLC | Added | +928.5k |
| Hudson Bay Capital Management LP | Added | +715.0k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +673.8k |
| ROYAL BANK OF CANADA | Added | +651.6k |
| VANGUARD GROUP INC | Added | +650.5k |
Biggest sellers
| GATES FOUNDATION TRUST | Reduced | -2.6m |
| AMERIPRISE FINANCIAL INC | Reduced | -1.2m |
| Capital World Investors | Sold out | -1.1m |
| TORONTO DOMINION BANK | Reduced | -812.6k |
| 1832 Asset Management L.P. | Reduced | -802.8k |
| AMF Tjanstepension AB | Reduced | -667.3k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -603.2k |
| Bank of New York Mellon Corp | Reduced | -558.2k |
| BARCLAYS PLC | Reduced | -545.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -539.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.7bn4.6m shares |
| CHECK CAPITAL MANAGEMENT INC/CA | Added | $1.5bn4.1m shares |
| CITADEL ADVISORS LLC | Reduced | $935.3m2.6m shares |
| JANE STREET GROUP, LLC | Reduced | $322.1m903.2k shares |
| D. E. Shaw & Co., Inc. | Added | $283.7m795.4k shares |
| UBS Group AG | Added | $242.1m678.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $235.4m660.0k shares |
| WOLVERINE TRADING, LLC | Added | $211.6m593.4k shares |
| SIMPLEX TRADING, LLC | Added | $145.4m576.8k shares |
| Walleye Trading LLC | Added | $140.0m392.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $654.6m1.8m shares |
| CITADEL ADVISORS LLC | Reduced | $421.9m1.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $353.4m990.9k shares |
| UBS Group AG | Added | $321.9m902.5k shares |
| CITIGROUP INC | Added | $250.5m702.3k shares |
| Hudson Bay Capital Management LP | New | $233.6m655.0k shares |
| JANE STREET GROUP, LLC | Reduced | $163.0m457.1k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $161.3m452.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $160.6m450.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $133.6m374.6k 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.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 9.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2023
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $333.3k | — |
| Q3 2022 | 2 | $661.2k | 1 | $1.7m | — |
| Q4 2022 | 0 | — | 1 | $1.3m | — |
| Q1 2023 | 0 | — | 1 | $2.0m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $10.2m | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 1.13% of their portfolio | 145.5m $51.9bn | Added +650.5k |
| BlackRock Inc. 0.96% of their portfolio | 105.2m $37.5bn | Added +1.2m |
| STATE STREET CORP 1.20% of their portfolio | 69.3m $24.7bn | Added +2.2m |
| MORGAN STANLEY 0.73% of their portfolio | 46.8m $16.7bn | Added +24.1m |
| GEODE CAPITAL MANAGEMENT, LLC 1.27% of their portfolio | 34.2m $12.2bn | Added +609.2k |
| JPMORGAN CHASE & CO 0.37% of their portfolio | 20.3m $7.2bn | Added +10.7m |
| GATES FOUNDATION TRUST 16.80% of their portfolio | 19.9m $7.1bn | Reduced -2.6m |
| NORTHERN TRUST CORP 1.05% of their portfolio | 16.3m $5.8bn | Reduced -457.2k |
| Bank of New York Mellon Corp 0.96% of their portfolio | 13.3m $4.7bn | Reduced -558.2k |
| NORGES BANK 0.72% of their portfolio | 11.5m $4.1bn | Added +535.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.53% of their portfolio | 11.2m $4.0bn | Added +383.4k |
| FMR LLC 0.28% of their portfolio | 10.3m $3.7bn | Reduced -297.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.92% of their portfolio | 10.1m $3.6bn | Added +182.2k |
| ROYAL BANK OF CANADA 0.89% of their portfolio | 10.0m $3.6bn | Added +651.6k |
| BANK OF AMERICA CORP /DE/ 0.37% of their portfolio | 9.1m $3.3bn | Reduced -539.9k |
| GOLDMAN SACHS GROUP INC 0.61% of their portfolio | 7.9m $2.8bn | Added +431.9k |
| DIMENSIONAL FUND ADVISORS LP 0.75% of their portfolio | 7.2m $2.6bn | Added +64.5k |
| Legal & General Group Plc 0.76% of their portfolio | 6.8m $2.4bn | Added +33.1k |
| Nuveen Asset Management, LLC 0.73% of their portfolio | 6.4m $2.3bn | Added +20.6k |
| BARCLAYS PLC 1.13% of their portfolio | 6.2m $2.2bn | Reduced -545.3k |
| FLOSSBACH VON STORCH SE 9.26% of their portfolio | 5.7m $2.0bn | Added +3.4k |
| California Public Employees Retirement System 1.36% of their portfolio | 5.0m $1.8bn | Reduced -8.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.69% of their portfolio | 4.9m $1.7bn | Added +126.2k |
| WELLS FARGO & COMPANY/MN 0.48% of their portfolio | 4.8m $1.7bn | Added +145.3k |
| H&H International Investment, LLC 11.71% of their portfolio | 4.7m $1.7bn | Reduced -259.8k |
| Swiss National Bank 1.07% of their portfolio | 4.1m $1.5bn | Reduced -78.2k |
| Invesco Ltd. 0.35% of their portfolio | 4.1m $1.5bn | Added +277.9k |
| ALLIANCEBERNSTEIN L.P. 0.54% of their portfolio | 3.9m $1.4bn | Reduced -91.4k |
| UBS Group AG 0.53% of their portfolio | 3.7m $1.3bn | Added +98.4k |
| NEUBERGER BERMAN GROUP LLC 1.03% of their portfolio | 3.3m $1.2bn | Reduced -603.2k |
| RHUMBLINE ADVISERS 1.22% of their portfolio | 3.3m $1.2bn | Reduced -16.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.83% of their portfolio | 3.1m $1.1bn | Reduced -63.0k |
| BANK OF MONTREAL /CAN/ 0.36% of their portfolio | 3.1m $1.1bn | Added +512.6k |
| HSBC HOLDINGS PLC 0.99% of their portfolio | 3.0m $1.1bn | Added +336.1k |
| Artisan Partners Limited Partnership 1.57% of their portfolio | 2.8m $1.0bn | Added +22.5k |
| DEUTSCHE BANK AG\ 0.50% of their portfolio | 2.7m $970.6m | Added +1.2m |
| Boston Partners 1.28% of their portfolio | 2.7m $969.8m | Reduced -182.2k |
| Creative Planning 1.76% of their portfolio | 2.7m $950.6m | Added +33.2k |
| Assenagon Asset Management S.A. 2.87% of their portfolio | 2.6m $941.4m | Reduced -379.8k |
| HighTower Advisors, LLC 1.55% of their portfolio | 2.6m $922.5m | Reduced -27.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 1.22% of their portfolio | 2.5m $882.6m | Reduced -208.2k |
| RAYMOND JAMES & ASSOCIATES 0.65% of their portfolio | 2.4m $870.8m | Added +2.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.50% of their portfolio | 2.4m $838.8m | Added +26.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.15% of their portfolio | 2.3m $824.7m | Reduced -114.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 1.09% of their portfolio | 2.2m $787.0m | Added +10.4k |
| Baird Financial Group, Inc. 1.79% of their portfolio | 2.2m $784.3m | Added +183.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.50% of their portfolio | 2.2m $780.8m | Reduced -27.1k |
| PRUDENTIAL FINANCIAL INC 1.15% of their portfolio | 2.1m $761.3m | Reduced -249.7k |
| Amundi 0.35% of their portfolio | 2.1m $772.8m | Reduced -382.3k |
| Corient Private Wealth LP 1.33% of their portfolio | 2.0m $722.7m | Added +182.0k |
| FIRST MANHATTAN CO. LLC. 2.51% of their portfolio | 2.0m $722.2m | Reduced -29.3k |
| LPL Financial LLC 0.44% of their portfolio | 2.0m $718.4m | Added +62.8k |
| Swedbank AB 1.16% of their portfolio | 2.0m $713.7m | Added +12.8k |
| Capital Research Global Investors 0.17% of their portfolio | 2.0m $698.3m | Reduced -268.9k |
| Rothschild & Co Wealth Management UK Ltd 11.40% of their portfolio | 1.9m $695.0m | Reduced -134.6k |
| AMERIPRISE FINANCIAL INC 0.21% of their portfolio | 1.9m $693.2m | Reduced -1.2m |
| National Pension Service 0.95% of their portfolio | 1.9m $679.4m | Added +34.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 1.41% of their portfolio | 1.9m $674.8m | Added +59.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 1.50% of their portfolio | 1.9m $670.3m | Reduced -56.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 1.38% of their portfolio | 1.9m $664.6m | Added +197.4k |
| BROWN BROTHERS HARRIMAN & CO 5.52% of their portfolio | 1.9m $664.6m | Reduced -28.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 1.04% of their portfolio | 1.6m $568.1m | Added +34.1k |
| GARDNER RUSSO & QUINN LLC 5.71% of their portfolio | 1.6m $560.0m | Reduced -48.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 1.00% of their portfolio | 1.6m $570.7m | Added +102.5k |
| Markel Group Inc. 5.94% of their portfolio | 1.5m $546.4m | Unchanged |
| LONDON CO OF VIRGINIA 3.07% of their portfolio | 1.5m $545.5m | Reduced -81.9k |
| Chevy Chase Trust Holdings, LLC 1.89% of their portfolio | 1.5m $527.8m | Added +2.4k |
| CHECK CAPITAL MANAGEMENT INC/CA 39.70% of their portfolio | 1.4m $497.3m | Added +19.8k |
| CREDIT SUISSE AG/ 0.47% of their portfolio | 1.4m $483.9m | Reduced -8.6k |
| Raymond James Financial Services Advisors, Inc. 0.78% of their portfolio | 1.3m $477.2m | Added +41.1k |
| CITIGROUP INC 0.63% of their portfolio | 1.3m $476.3m | Added +131.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.86% of their portfolio | 1.3m $474.6m | Added +673.8k |
| Hudson Bay Capital Management LP 4.05% of their portfolio | 1.3m $461.9m | Added +715.0k |
| CANADA LIFE ASSURANCE Co 0.99% of their portfolio | 1.3m $451.3m | Added +8.3k |
| Ensign Peak Advisors, Inc 0.87% of their portfolio | 1.2m $441.7m | Reduced -205.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.18% of their portfolio | 1.2m $428.2m | Added +12.1k |
| BROWN ADVISORY INC 0.60% of their portfolio | 1.2m $424.6m | Added +2.5k |
| TORONTO DOMINION BANK 0.60% of their portfolio | 1.2m $416.5m | Reduced -812.6k |
| Cerity Partners LLC 0.56% of their portfolio | 1.1m $167.4m | Added +928.5k |
| Korea Investment CORP 1.05% of their portfolio | 1.1m $400.1m | Added +52.9k |
| APG Asset Management N.V. 0.71% of their portfolio | 1.1m $361.8m | Added +196.9k |
| Davis Selected Advisers 2.21% of their portfolio | 1.1m $391.9m | Reduced -16.6k |
| PNC Financial Services Group, Inc. 0.30% of their portfolio | 1.1m $387.8m | Added +3.4k |
| OSAIC HOLDINGS, INC. 0.68% of their portfolio | 1.1m $387.7m | Reduced -322.5k |
| FIL Ltd 0.40% of their portfolio | 1.1m $383.6m | Reduced -39.1k |
| NATIONAL BANK OF CANADA /FI/ 0.70% of their portfolio | 1.1m $386.6m | Reduced -1.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.39% of their portfolio | 1.1m $379.3m | Reduced -121.5k |
| Qube Research & Technologies Ltd 0.84% of their portfolio | 1.0m $369.1m | Added +592.6k |
| TETRAD CORP 79.85% of their portfolio | 1.0m $356.7m | Unchanged |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.00% of their portfolio | 984.7k $351.2m | Reduced -11.5k |
| Mariner, LLC 0.83% of their portfolio | 979.3k $349.3m | Added +52.8k |
| Granite Bay Wealth Management, LLC 3.05% of their portfolio | 971.0k $340.7m | Reduced -106.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 1.34% of their portfolio | 941.3k $335.7m | Added +4.1k |
| Rathbones Group PLC 2.12% of their portfolio | 923.7k $329.5m | Added +23.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 1.22% of their portfolio | 917.7k $327.3m | Reduced -66.2k |
| STIFEL FINANCIAL CORP 0.41% of their portfolio | 907.4k $323.6m | Added +13.2k |
| Douglass Winthrop Advisors, LLC 7.17% of their portfolio | 900.1k $321.0m | Reduced -2.2k |
| Himalaya Capital Management LLC 15.55% of their portfolio | 897.7k $320.2m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.40% of their portfolio | 891.4k $317.9m | Reduced -156.4k |
| Morningstar Investment Services LLC 1.73% of their portfolio | 860.6k $307.7m | Added +427.2k |