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 ($1.0bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $485.37. Options: 58 managers hold calls ($9.3bn notional), 61 hold puts ($7.0bn).
Trends to Q2 2025
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 |
| Q1 2024 | 3,996 |
| Q2 2024 | 4,033 |
| Q3 2024 | 4,107 |
| Q4 2024 | 4,519 |
| Q1 2025 | 4,560 |
| Q2 2025 | 4,586 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 1,593 | 1,440 |
| Q4 2023 | 1,638 | 1,487 |
| Q1 2024 | 1,775 | 1,684 |
| Q2 2024 | 1,857 | 1,543 |
| Q3 2024 | 1,768 | 1,706 |
| Q4 2024 | 1,843 | 1,655 |
| Q1 2025 | 2,065 | 1,908 |
| Q2 2025 | 2,146 | 1,855 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $10.6bn | $6.5bn | 0.61 |
| Q4 2024 | $10.4bn | $6.2bn | 0.60 |
| Q1 2025 | $11.1bn | $7.3bn | 0.66 |
| Q2 2025 | $9.3bn | $7.0bn | 0.75 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +8.8m |
| GATES FOUNDATION TRUST | Added | +7.0m |
| VANGUARD GROUP INC | Added | +2.5m |
| BlackRock, Inc. | Added | +2.0m |
| GOLDMAN SACHS GROUP INC | Added | +906.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +749.4k |
| Qube Research & Technologies Ltd | New | +715.5k |
| Capital International Investors | New | +553.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +531.1k |
| Rockefeller Capital Management L.P. | Added | +498.9k |
Biggest sellers
| FMR LLC | Reduced | -5.0m |
| JPMORGAN CHASE & CO | Reduced | -2.4m |
| BARCLAYS PLC | Reduced | -1.1m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -977.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -926.3k |
| Bank of New York Mellon Corp | Reduced | -897.7k |
| FLOSSBACH VON STORCH SE | Reduced | -814.1k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -716.3k |
| Demars Financial Group, LLC | Reduced | -711.6k |
| Amundi | Reduced | -637.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.9bn3.9m shares |
| CHECK CAPITAL MANAGEMENT INC/CA | Reduced | $1.4bn3.0m shares |
| CITADEL ADVISORS LLC | Reduced | $1.3bn2.6m shares |
| JANE STREET GROUP, LLC | Added | $750.7m1.5m shares |
| IMC-Chicago, LLC | Added | $582.1m1.2m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $480.7m989.6k shares |
| SIMPLEX TRADING, LLC | Added | $313.2m644.8k shares |
| Squarepoint Ops LLC | Added | $306.2m630.3k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $243.5m501.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $234.9m483.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.4bn2.9m shares |
| CITADEL ADVISORS LLC | Added | $872.2m1.8m shares |
| IMC-Chicago, LLC | Reduced | $584.9m1.2m shares |
| Hudson Bay Capital Management LP | Added | $558.6m1.1m shares |
| CITIGROUP INC | Added | $392.2m807.3k shares |
| JANE STREET GROUP, LLC | Added | $378.9m780.0k shares |
| UBS Group AG | Added | $311.5m641.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $275.5m567.1k shares |
| Twin Tree Management, LP | Reduced | $210.0m432.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $194.6m400.6k 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 Q2 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 1 | $10.2m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 1.20% of their portfolio | 153.1m $74.4bn | Added +2.5m |
| BlackRock, Inc. 1.06% of their portfolio | 113.5m $55.1bn | Added +2.0m |
| STATE STREET CORP 1.32% of their portfolio | 72.5m $35.2bn | Added +236.0k |
| GEODE CAPITAL MANAGEMENT, LLC 1.35% of their portfolio | 39.9m $19.3bn | Added +531.1k |
| MORGAN STANLEY 0.86% of their portfolio | 27.2m $13.2bn | Reduced -600.5k |
| GATES FOUNDATION TRUST 24.53% of their portfolio | 24.1m $11.7bn | Added +7.0m |
| ROYAL BANK OF CANADA 0.88% of their portfolio | 18.5m $9.0bn | Added +8.8m |
| NORTHERN TRUST CORP 1.07% of their portfolio | 16.0m $7.8bn | Reduced -238.1k |
| JPMORGAN CHASE & CO 0.46% of their portfolio | 13.8m $6.7bn | Reduced -2.4m |
| Bank of New York Mellon Corp 1.04% of their portfolio | 11.3m $5.5bn | Reduced -897.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.92% of their portfolio | 10.9m $5.3bn | Added +55.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.56% of their portfolio | 10.2m $5.0bn | Reduced -926.3k |
| GOLDMAN SACHS GROUP INC 0.71% of their portfolio | 9.1m $4.4bn | Added +906.5k |
| BANK OF AMERICA CORP /DE/ 0.35% of their portfolio | 9.0m $4.4bn | Reduced -202.3k |
| FMR LLC 0.25% of their portfolio | 9.0m $4.4bn | Reduced -5.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.74% of their portfolio | 7.5m $3.6bn | Added +356.3k |
| NORGES BANK 0.45% of their portfolio | 7.4m $3.6bn | Added +145.4k |
| DIMENSIONAL FUND ADVISORS LP 0.80% of their portfolio | 7.1m $3.5bn | Reduced -206.2k |
| BARCLAYS PLC 1.30% of their portfolio | 6.7m $3.3bn | Reduced -1.1m |
| Legal & General Group Plc 0.73% of their portfolio | 6.0m $2.9bn | Reduced -143.7k |
| Nuveen, LLC 0.80% of their portfolio | 6.0m $2.9bn | Added +795 |
| UBS Group AG 0.54% of their portfolio | 5.4m $2.6bn | Reduced -614.7k |
| WELLS FARGO & COMPANY/MN 0.56% of their portfolio | 5.2m $2.5bn | Added +86.5k |
| Invesco Ltd. 0.37% of their portfolio | 4.5m $2.2bn | Reduced -240.3k |
| California Public Employees Retirement System 1.32% of their portfolio | 4.3m $2.1bn | Reduced -509.2k |
| Swiss National Bank 1.18% of their portfolio | 4.1m $2.0bn | Added +302.4k |
| Amundi 0.66% of their portfolio | 4.0m $1.9bn | Reduced -637.7k |
| RAYMOND JAMES FINANCIAL INC 0.65% of their portfolio | 3.9m $1.9bn | Added +10.3k |
| ALLIANCEBERNSTEIN L.P. 0.59% of their portfolio | 3.7m $1.8bn | Added +471.7k |
| Sumitomo Mitsui Trust Group, Inc. 1.02% of their portfolio | 3.4m $1.6bn | Added +105.5k |
| H&H International Investment, LLC 14.24% of their portfolio | 3.4m $1.6bn | Unchanged |
| HSBC HOLDINGS PLC 1.03% of their portfolio | 3.3m $1.6bn | Reduced -140.3k |
| LPL Financial LLC 0.52% of their portfolio | 3.2m $1.5bn | Added +238.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 1.19% of their portfolio | 3.1m $1.5bn | Added +214.5k |
| RHUMBLINE ADVISERS 1.24% of their portfolio | 3.0m $1.4bn | Reduced -63.4k |
| DEUTSCHE BANK AG\ 0.53% of their portfolio | 2.9m $1.4bn | Reduced -448.7k |
| FLOSSBACH VON STORCH SE 5.52% of their portfolio | 2.8m $1.4bn | Reduced -814.1k |
| Creative Planning 1.15% of their portfolio | 2.8m $1.3bn | Added +2.8k |
| Artisan Partners Limited Partnership 1.88% of their portfolio | 2.6m $1.3bn | Added +14.7k |
| HighTower Advisors, LLC 1.51% of their portfolio | 2.5m $1.2bn | Reduced -20.0k |
| National Pension Service 1.04% of their portfolio | 2.5m $1.2bn | Added +83.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.63% of their portfolio | 2.5m $1.2bn | Reduced -34.0k |
| Baird Financial Group, Inc. 2.08% of their portfolio | 2.4m $1.2bn | Reduced -8.8k |
| BANK OF MONTREAL /CAN/ 0.57% of their portfolio | 2.3m $1.1bn | Reduced -277.8k |
| NEUBERGER BERMAN GROUP LLC 0.81% of their portfolio | 2.2m $1.1bn | Reduced -278.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 1.14% of their portfolio | 2.1m $1.0bn | Added +53.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 1.35% of their portfolio | 2.1m $1.0bn | Reduced -9.0k |
| CITIGROUP INC 0.68% of their portfolio | 2.0m $986.8m | Added +196.1k |
| TETRAD CORP 90.51% of their portfolio | 1.9m $934.2m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.17% of their portfolio | 1.9m $929.2m | Reduced -447.0k |
| AMERIPRISE FINANCIAL INC 0.23% of their portfolio | 1.9m $925.2m | Added +20.5k |
| Corient Private Wealth LP 1.23% of their portfolio | 1.9m $922.7m | Added +39.3k |
| FIRST MANHATTAN CO. LLC. 2.58% of their portfolio | 1.9m $914.9m | Reduced -49.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.81% of their portfolio | 1.9m $902.6m | Added +114.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.75% of their portfolio | 1.8m $877.7m | Added +317.8k |
| NATIONAL BANK OF CANADA /FI/ 0.94% of their portfolio | 1.8m $874.4m | Added +251.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 1.51% of their portfolio | 1.8m $850.2m | Added +13.0k |
| PRUDENTIAL FINANCIAL INC 1.08% of their portfolio | 1.7m $839.7m | Added +25.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 1.36% of their portfolio | 1.7m $807.2m | Added +74.2k |
| COMMONWEALTH EQUITY SERVICES, LLC 1.05% of their portfolio | 1.6m $793.6m | Reduced -50.1k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 3.51% of their portfolio | 1.6m $763.6m | Added +36.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 1.57% of their portfolio | 1.5m $750.9m | Reduced -839 |
| Markel Group Inc. 6.29% of their portfolio | 1.5m $744.2m | Unchanged |
| Rothschild & Co Wealth Management UK Ltd 10.27% of their portfolio | 1.4m $690.9m | Added +25.8k |
| Swedbank AB 0.78% of their portfolio | 1.4m $689.9m | First filing |
| Chevy Chase Trust Holdings, LLC 1.99% of their portfolio | 1.4m $685.6m | Reduced -2.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.53% of their portfolio | 1.4m $681.6m | Reduced -977.4k |
| Caisse de depot et placement du Quebec 1.41% of their portfolio | 1.4m $662.6m | Reduced -10.9k |
| FRANKLIN RESOURCES INC 0.17% of their portfolio | 1.3m $643.0m | Added +15.2k |
| US BANCORP \DE\ 0.80% of their portfolio | 1.3m $632.2m | Added +3.3k |
| CANADA LIFE ASSURANCE Co 0.98% of their portfolio | 1.3m $619.9m | Reduced -58.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.52% of their portfolio | 1.3m $618.4m | Reduced -27.1k |
| BROWN BROTHERS HARRIMAN & CO 3.85% of their portfolio | 1.2m $599.2m | Reduced -40.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.17% of their portfolio | 1.2m $572.7m | Reduced -46.7k |
| GARDNER RUSSO & QUINN LLC 5.96% of their portfolio | 1.2m $560.9m | Reduced -26.0k |
| Mariner, LLC 0.77% of their portfolio | 1.1m $531.3m | Added +15.8k |
| AQR CAPITAL MANAGEMENT LLC 0.44% of their portfolio | 1.1m $530.2m | Added +61.5k |
| PNC Financial Services Group, Inc. 0.34% of their portfolio | 1.1m $527.8m | Added +3.3k |
| CHECK CAPITAL MANAGEMENT INC/CA 34.33% of their portfolio | 1.1m $520.8m | Added +10.3k |
| Capital Research Global Investors 0.10% of their portfolio | 1.1m $520.5m | Reduced -233.2k |
| Rathbones Group PLC 2.21% of their portfolio | 1.1m $511.5m | Added +15.3k |
| LONDON CO OF VIRGINIA 2.89% of their portfolio | 1.1m $510.4m | Reduced -174.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.84% of their portfolio | 1.0m $508.9m | Reduced -122.4k |
| BROWN ADVISORY INC 0.67% of their portfolio | 1.0m $509.5m | Reduced -67.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.36% of their portfolio | 1.0m $508.7m | Reduced -14.4k |
| OSAIC HOLDINGS, INC. 0.89% of their portfolio | 1.0m $501.0m | Added +95.5k |
| Korea Investment CORP 1.11% of their portfolio | 1.0m $499.2m | Reduced -15.4k |
| Ensign Peak Advisors, Inc 0.84% of their portfolio | 1.0m $489.5m | Reduced -8.9k |
| AVIVA PLC 1.00% of their portfolio | 1.0m $486.1m | Added +148.4k |
| Assenagon Asset Management S.A. 0.76% of their portfolio | 980.0k $476.1m | Reduced -515.0k |
| STIFEL FINANCIAL CORP 0.46% of their portfolio | 976.2k $474.2m | Added +22.9k |
| Rockefeller Capital Management L.P. 0.55% of their portfolio | 971.5k $471.9m | Added +498.9k |
| DANSKE BANK A/S 1.17% of their portfolio | 967.7k $470.1m | Added +41.6k |
| Mesirow Financial Investment Management, Inc. 9.04% of their portfolio | 954.3k $463.6m | Added +11.6k |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.04% of their portfolio | 937.3k $455.3m | Reduced -90.4k |
| Himalaya Capital Management LLC 16.22% of their portfolio | 897.7k $436.1m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.66% of their portfolio | 894.3k $434.4m | Added +749.4k |
| FIL Ltd 0.37% of their portfolio | 891.7k $433.2m | Reduced -249.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.76% of their portfolio | 884.4k $429.6m | Added +1.7k |
| Douglass Winthrop Advisors, LLC 7.63% of their portfolio | 869.8k $422.5m | Added +4.0k |