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 ($1.8bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $497.12. Options: 62 managers hold calls ($12.3bn notional), 69 hold puts ($8.3bn).
Trends to Q4 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 |
| Q3 2025 | 4,583 |
| Q4 2025 | 4,891 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 2,008 | 1,953 |
| Q4 2025 | 1,920 | 2,066 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $11.1bn | $7.3bn | 0.66 |
| Q2 2025 | $9.3bn | $7.0bn | 0.75 |
| Q3 2025 | $11.3bn | $8.3bn | 0.73 |
| Q4 2025 | $12.3bn | $8.3bn | 0.68 |
Biggest buyers
| BlackRock, Inc. | Added | +6.6m |
| Corient Private Wealth LP | Added | +5.6m |
| J. Stern & Co. LLP | Added | +4.9m |
| HSBC HOLDINGS PLC | Added | +3.5m |
| VANGUARD GROUP INC | Added | +2.8m |
| GQG Partners LLC | New | +2.0m |
| H&H International Investment, LLC | Added | +2.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.4m |
| GOLDMAN SACHS GROUP INC | Added | +1.2m |
| STATE STREET CORP | Added | +1.1m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -12.3m |
| GATES FOUNDATION TRUST | Reduced | -2.4m |
| Assenagon Asset Management S.A. | Reduced | -944.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -926.5k |
| BESSEMER GROUP INC | Reduced | -846.3k |
| JANE STREET GROUP, LLC | Reduced | -600.9k |
| MENORA MIVTACHIM HOLDINGS LTD. | Sold out | -573.5k |
| UBS Group AG | Reduced | -480.9k |
| CITIGROUP INC | Reduced | -468.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -448.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.3bn6.7m shares |
| CHECK CAPITAL MANAGEMENT INC/CA | Added | $1.8bn3.5m shares |
| CITADEL ADVISORS LLC | Added | $1.4bn2.9m shares |
| JANE STREET GROUP, LLC | Added | $1.1bn2.2m shares |
| GOLDMAN SACHS GROUP INC | Added | $748.9m1.5m shares |
| IMC-Chicago, LLC | Reduced | $573.6m1.1m shares |
| D. E. Shaw & Co., Inc. | Added | $353.1m702.4k shares |
| SIMPLEX TRADING, LLC | Added | $322.3m641.3k shares |
| Walleye Trading LLC | Added | $279.8m556.6k shares |
| Squarepoint Ops LLC | Added | $275.1m547.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.8bn3.7m shares |
| JANE STREET GROUP, LLC | Reduced | $681.5m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $581.3m1.2m shares |
| IMC-Chicago, LLC | Reduced | $571.3m1.1m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $498.6m992.0k shares |
| CITIGROUP INC | Added | $447.0m889.3k shares |
| Hudson Bay Capital Management LP | Added | $346.8m690.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $250.6m5.0k shares |
| ROYAL BANK OF CANADA | Added | $240.3m478.0k shares |
| UBS Group AG | Reduced | $230.6m458.7k 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 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $929.5k | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 1.14% of their portfolio | 157.1m $79.0bn | Added +2.8m |
| BlackRock, Inc. 1.03% of their portfolio | 121.2m $60.9bn | Added +6.6m |
| STATE STREET CORP 1.25% of their portfolio | 73.9m $37.2bn | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 1.24% of their portfolio | 40.0m $20.1bn | Added +61.2k |
| MORGAN STANLEY 0.79% of their portfolio | 26.3m $13.2bn | Reduced -292.3k |
| GATES FOUNDATION TRUST 27.59% of their portfolio | 19.4m $9.8bn | Reduced -2.4m |
| NORTHERN TRUST CORP 1.00% of their portfolio | 15.5m $7.8bn | Reduced -314.3k |
| JPMORGAN CHASE & CO 0.44% of their portfolio | 12.9m $6.5bn | Reduced -12.3m |
| Bank of New York Mellon Corp 0.99% of their portfolio | 11.2m $5.6bn | Added +50.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.86% of their portfolio | 11.0m $5.6bn | Added +76.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.53% of their portfolio | 9.8m $4.9bn | Reduced -337.9k |
| ROYAL BANK OF CANADA 0.85% of their portfolio | 9.6m $4.8bn | Added +146.4k |
| GOLDMAN SACHS GROUP INC 0.68% of their portfolio | 9.5m $4.8bn | Added +1.2m |
| FMR LLC 0.24% of their portfolio | 9.5m $4.8bn | Added +595.8k |
| BANK OF AMERICA CORP /DE/ 0.32% of their portfolio | 8.7m $4.4bn | Reduced -224.7k |
| NORGES BANK 0.46% of their portfolio | 8.5m $4.3bn | Not comparable |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.84% of their portfolio | 7.9m $4.0bn | Added +1.4m |
| H&H International Investment, LLC 20.63% of their portfolio | 7.2m $3.6bn | Added +2.0m |
| DIMENSIONAL FUND ADVISORS LP 0.75% of their portfolio | 7.1m $3.6bn | Added +7.9k |
| HSBC HOLDINGS PLC 1.01% of their portfolio | 7.0m $3.5bn | Added +3.5m |
| Corient Private Wealth LP 1.08% of their portfolio | 7.0m $1.6bn | Added +5.6m |
| BARCLAYS PLC 1.40% of their portfolio | 6.9m $3.5bn | Added +54.4k |
| Legal & General Group Plc 0.67% of their portfolio | 6.0m $3.0bn | Reduced -181.0k |
| Nuveen, LLC 0.73% of their portfolio | 5.5m $2.8bn | Reduced -160.9k |
| WELLS FARGO & COMPANY/MN 0.50% of their portfolio | 5.1m $2.6bn | Added +33.1k |
| J. Stern & Co. LLP 0.42% of their portfolio | 4.9m $4.9m | Added +4.9m |
| Invesco Ltd. 0.22% of their portfolio | 4.6m $2.3bn | Reduced -130.3k |
| UBS Group AG 0.45% of their portfolio | 4.5m $2.3bn | Reduced -480.9k |
| RAYMOND JAMES FINANCIAL INC 0.67% of their portfolio | 4.3m $2.2bn | Added +245.1k |
| Amundi 0.53% of their portfolio | 3.9m $1.9bn | Reduced -89.6k |
| Swiss National Bank 1.13% of their portfolio | 3.8m $1.9bn | Reduced -128.9k |
| ALLIANCEBERNSTEIN L.P. 0.55% of their portfolio | 3.5m $1.7bn | Reduced -63.1k |
| Sumitomo Mitsui Trust Group, Inc. 1.01% of their portfolio | 3.4m $1.7bn | Added +17.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 1.15% of their portfolio | 3.4m $1.7bn | Added +195.0k |
| California Public Employees Retirement System 0.97% of their portfolio | 3.4m $1.7bn | Reduced -242.1k |
| LPL Financial LLC 0.46% of their portfolio | 3.4m $1.7bn | Added +76.7k |
| DEUTSCHE BANK AG\ 0.51% of their portfolio | 3.1m $1.6bn | Reduced -40.1k |
| RHUMBLINE ADVISERS 1.18% of their portfolio | 2.9m $1.5bn | Reduced -65.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.97% of their portfolio | 2.9m $1.4bn | Added +606.8k |
| Creative Planning 1.03% of their portfolio | 2.9m $1.4bn | Added +61.0k |
| BANK OF MONTREAL /CAN/ 0.58% of their portfolio | 2.8m $1.4bn | Added +261.6k |
| FLOSSBACH VON STORCH SE 5.49% of their portfolio | 2.8m $1.4bn | Reduced -33.7k |
| National Pension Service 0.99% of their portfolio | 2.7m $1.3bn | Added +108.5k |
| Artisan Partners Limited Partnership 2.00% of their portfolio | 2.6m $1.3bn | Reduced -43.1k |
| Baird Financial Group, Inc. 2.04% of their portfolio | 2.6m $1.3bn | Added +93.5k |
| HighTower Advisors, LLC 1.38% of their portfolio | 2.5m $1.3bn | Reduced -9.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.62% of their portfolio | 2.4m $1.2bn | Reduced -9.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 1.07% of their portfolio | 2.1m $1.1bn | Reduced -9.6k |
| Capital Research Global Investors 0.19% of their portfolio | 2.0m $1.0bn | Added +739.3k |
| GQG Partners LLC 1.65% of their portfolio | 2.0m $1.0bn | New |
| Rathbones Group PLC 1.96% of their portfolio | 2.0m $997.1m | Added +1.0m |
| NEW YORK STATE COMMON RETIREMENT FUND 1.31% of their portfolio | 1.9m $978.4m | Reduced -24.4k |
| TETRAD CORP 92.96% of their portfolio | 1.9m $966.7m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.21% of their portfolio | 1.9m $934.1m | Reduced -23.1k |
| FIRST MANHATTAN CO. LLC. 2.45% of their portfolio | 1.9m $932.2m | Reduced -15.9k |
| NEUBERGER BERMAN GROUP LLC 0.69% of their portfolio | 1.9m $931.5m | Reduced -129.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.57% of their portfolio | 1.8m $897.7m | Added +494.4k |
| Assenagon Asset Management S.A. 1.34% of their portfolio | 1.8m $894.8m | Reduced -944.7k |
| AQR CAPITAL MANAGEMENT LLC 0.44% of their portfolio | 1.7m $841.8m | Added +208.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.68% of their portfolio | 1.6m $829.0m | Reduced -69.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 1.25% of their portfolio | 1.6m $826.1m | Reduced -2.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 1.43% of their portfolio | 1.6m $809.0m | Reduced -41.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.14% of their portfolio | 1.6m $805.4m | Reduced -83.4k |
| Markel Group Inc. 6.14% of their portfolio | 1.5m $770.0m | Unchanged |
| Diamond Hill Capital Management, LLC (Investment Advisor) 3.94% of their portfolio | 1.5m $768.9m | Reduced -243.0k |
| PRUDENTIAL FINANCIAL INC 0.92% of their portfolio | 1.5m $763.6m | Reduced -139.5k |
| Caisse de depot et placement du Quebec 1.27% of their portfolio | 1.5m $745.8m | Reduced -102.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 1.44% of their portfolio | 1.5m $742.5m | Reduced -47.3k |
| Rothschild & Co Wealth Management UK Ltd 11.68% of their portfolio | 1.5m $742.5m | Added +7.2k |
| Swedbank AB 0.70% of their portfolio | 1.4m $721.0m | Reduced -47.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.93% of their portfolio | 1.4m $700.7m | Reduced -204.3k |
| CANADA LIFE ASSURANCE Co 1.21% of their portfolio | 1.4m $698.1m | Reduced -78.9k |
| Chevy Chase Trust Holdings, LLC 1.86% of their portfolio | 1.4m $690.1m | Reduced -12.4k |
| Focus Partners Wealth 0.73% of their portfolio | 1.3m $642.7m | Added +305.8k |
| ACADIAN ASSET MANAGEMENT LLC 1.02% of their portfolio | 1.2m $619.4m | Reduced -187.9k |
| Mariner, LLC 0.73% of their portfolio | 1.2m $611.3m | Added +83.2k |
| US BANCORP \DE\ 0.69% of their portfolio | 1.2m $591.9m | Reduced -116.0k |
| OSAIC HOLDINGS, INC. 0.85% of their portfolio | 1.2m $583.2m | Reduced -3.6k |
| NATIONAL BANK OF CANADA /FI/ 0.59% of their portfolio | 1.1m $574.8m | Reduced -129.2k |
| GARDNER RUSSO & QUINN LLC 6.11% of their portfolio | 1.1m $565.7m | Reduced -36.0k |
| AVIVA PLC 0.95% of their portfolio | 1.1m $565.0m | Added +61.3k |
| BROWN BROTHERS HARRIMAN & CO 3.08% of their portfolio | 1.1m $565.0m | Reduced -69.5k |
| CHECK CAPITAL MANAGEMENT INC/CA 33.13% of their portfolio | 1.1m $554.2m | Added +27.3k |
| CITIGROUP INC 0.38% of their portfolio | 1.1m $550.8m | Reduced -468.3k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.83% of their portfolio | 1.1m $550.8m | Reduced -98.3k |
| FRANKLIN RESOURCES INC 0.14% of their portfolio | 1.1m $550.7m | Reduced -38.6k |
| FIL Ltd 0.41% of their portfolio | 1.1m $543.0m | Reduced -135.3k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.73% of their portfolio | 1.1m $539.1m | Added +21.6k |
| PNC Financial Services Group, Inc. 0.30% of their portfolio | 1.1m $541.6m | Reduced -16.2k |
| CITADEL ADVISORS LLC 0.36% of their portfolio | 1.0m $526.0m | Added +599.6k |
| BROWN ADVISORY INC 0.73% of their portfolio | 1.0m $525.3m | Added +13.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.52% of their portfolio | 1.0m $523.6m | Added +411.3k |
| Korea Investment CORP 1.01% of their portfolio | 1.0m $515.6m | Added +14.0k |
| LONDON CO OF VIRGINIA 2.89% of their portfolio | 996.4k $500.8m | Reduced -27.3k |
| OSSIAM 9.71% of their portfolio | 967.8k $486.5m | Added +171.3k |
| Quantinno Capital Management LP 0.96% of their portfolio | 944.4k $474.7m | Added +185.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.00% of their portfolio | 941.0k $473.0m | Added +5.6k |
| Cetera Investment Advisers 0.52% of their portfolio | 939.8k $472.4m | Added +30.5k |
| STIFEL FINANCIAL CORP 0.42% of their portfolio | 924.3k $464.6m | Reduced -41.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio | 921.0k $462.9m | Reduced -223.9k |