News
Berkshire buybacks more than double to $9.6 billion in Q3
Berkshire Hathaway repurchased $9.6 billion of its own stock in July‑September, a 113% increase from the prior quarter’s $4.6 billion. Average purchase price was $751,342 for Class A shares and $503.68 for Class B. Additional $2 billion of buybacks occurred in October. The buybacks, alongside the $6.8 billion acquisition of Taylor Morrison, contributed to a 1.9% drop in cash to $352.3 billion (excluding railroad/utilities cash and pending T‑bill purchases). Operating profit fell 5.8% YoY to $12.7 billion, with insurance underwriting down 43% while other segments rose.