What smart money is saying about Berkshire Hathaway Inc.
2 funds in our archive have pitched Berkshire Hathaway Inc., most recently Ironvine Capital Partners in December 2025.
Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. In addition, the company manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. Further, it provides recreational vehicles, apparel and footwear products, jewelry, and custom picture framing products, as well as alkaline batteries; castings, forgings, fasteners/fastener systems, aerostructures, and precision components; and cobalt, nickel, and titanium alloys. Additionally, the company distributes televisions and information; franchises and services quick service restaurants; distributes electronic components; and offers logistics services, grocery and foodservice distribution services, and professional aviation training and shared aircraft ownership programs. It also retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and computers; jewelry, watches, crystal, china, stemware, flatware, gifts, and collectibles; kitchenware; and motorcycle clothing and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.
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Fund signal · last 12 months
18 lettersToo few moves on Berkshire Hathaway Inc. yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 24 fund letters reported a position in Berkshire Hathaway Inc., with 1 buy (opened or added) and 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 5 | 1 | 1 | 0 |
| Q2 2026 | 9 | 0 | 2 | 0 |
| Q1 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 3 | 0 | 0 | 1 |
| Q3 2025 | 1 | 0 | 0 | 1 |
| Q2 2025 | 5 | 0 | 1 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 24 positions · 5 moves
- September 2026
“We exited American International Group (AIG) and trimmed Bank of America (BAC) and Berkshire Hathaway (BRK.B).”
Berkshire Hathaway Inc. - September 2026
Listed in Kavaljer Investmentbolagsfond’s reported holdings.
Berkshire Hathaway Inc. - New positionLiontrust GF Global Corporate Bond FundSeptember 2026
“Sector weights were broadly stable during the quarter, with utilities the main area of increased exposure. We purchased bonds issued by Duke Energy in the US and ESB in Ireland. We also added Carlisle Companies and initiated positions in two US rail businesses, Union Pacific and Burlington Northern Santa Fe. These were issuer- led purchases rather than a broad change in sector positioning.”
Berkshire Hathaway Inc. - HoldsBretton FundSeptember 2026
Listed in Bretton Fund’s reported holdings.
Berkshire Hathaway Inc. - HoldsGoodHaven FundJuly 2026
“Our next top detractor was our largest holding, Berkshire Hathaway.”
Berkshire Hathaway Inc. - June 2026
“Subsequent to these transactions, my only investments outside of the fund are 50 Class B shares of Berkshire Hathaway (BRK/B – USA)—the legacy of a single share I bought while in college, so that I could attend the annual meetings, and my residual shares of MGG.”
Berkshire Hathaway Inc. - HoldsACATIS InvestmentJune 2026
Listed in ACATIS Investment’s reported holdings.
Berkshire Hathaway Inc. - June 2026
Listed in Artisan Partners Value Equity Strategy’s reported holdings.
Berkshire Hathaway Inc. - June 2026
““Often, our job is to do nothing. That is hard to do, especially when others are so active. The ability to say ‘No’ is critical”. - Greg Able, Berkshire Hathaway AGM, discussing his philosophy on investing Berkshire’s capital.”
Berkshire Hathaway Inc. - HoldsBretton FundJune 2026
Listed in Bretton Fund’s reported holdings.
Berkshire Hathaway Inc. - June 2026
“Berkshire Hathaway (BRK.B): A foundational, defensive pillar of the portfolio.”
Berkshire Hathaway Inc. - June 2026
“Lastly, Berkshire Hathaway’s large position size magnified an otherwise modest gain to round out our top performers list.”
Berkshire Hathaway Inc. - June 2026
“Trading Activity 2Q During the quarter we added to the Fund’s positions in Danaher, Thermo Fisher Scientific, and Martin Marietta Materials at prices we think offer substantial upside with favorable risk profiles. We trimmed the Fund’s holdings of Analog Devices, Texas Instruments, and Alphabet at substantial gains to help manage position sizes after significant rallies in their stocks. We also pruned the Fund’s position in top holding Berkshire Hathaway as part of our ongoing strategic effort to broaden the portfolio’s equity exposure.”
Berkshire Hathaway Inc. - May 2026
“During the month, the fund reduced its holdings in Berkshire Hathaway and Lundbergs, and fully divested its positions in Dometic, Green Landscaping, VNV Global, and Spiltan Invest.”
Berkshire Hathaway Inc. - HoldsFlexible Equity FundMarch 2026
“TOP 10 HOLDINGS % OF PORTFOLIO Alphabet, Inc* 8.1 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 6.5 Microsoft Corporation 5.6 Meta Platforms Inc Class A 5.1 Amazon.com, Inc. 4.6 Visa Inc. Class A 4.1 Mastercard Incorporated Class A 4.1 Berkshire Hathaway Inc. Class B 3.7”
Berkshire Hathaway Inc. - HoldsClipper FundDecember 2025
“It includes Markel, a specialist insurer where AI can potentially play a major role in risk analysis and pricing. It includes Berkshire Hathaway, notable for its durability and breadth.”
Berkshire Hathaway Inc. - HoldsDavis Financial FundDecember 2025
“The fund’s largest detractors from relative performance were its holding companies (Berkshire Hathaway and Exor).”
Berkshire Hathaway Inc. - HoldsThe GoodHaven FundDecember 2025
“For some time, we have focused and articulated our thinking on having Berkshire as a large holding in a post-Buffett and Munger era - which is now upon us.”
Berkshire Hathaway Inc. - September 2025
“We have no reason to think differently about our investment in Berkshire.”
Berkshire Hathaway Inc. - June 2025
“Another top contributor during the quarter was Berkshire Hathaway Inc. (Cl B) (BRK.B), a diversified holding company with operations in insurance, railroads, utilities, and manufacturing.”
Berkshire Hathaway Inc. - June 2025
“One last holding that bears mention fits the description of resilient, nonlinear growth but is not an industrial. The company is MGM Resorts International.”
Berkshire Hathaway Inc. - ExitedMadison Large Cap FundJune 2025
“Berkshire Hathaway reported mixed performance across its subsidiaries with strong performance at Geico partially offsetting weaker results in building products, automotive, and other insurance lines. As we’ll discuss later, we decided to sell our investment in Berkshire Hathaway, so its positive contribution towards performance was a result of our sale of the holding prior to the share price decline in the quarter.”
Berkshire Hathaway Inc. - June 2025
“Another top contributor was Berkshire Hathaway Inc. (Cl B) (BRK.B), a collection of diverse businesses, including world class operations in insurance, railroads, utilities, and manufacturing machines, with a large float for Warren Buffett to deploy.”
Berkshire Hathaway Inc. - June 2025
Listed in Mar Vista Global Quality’s reported holdings.
Berkshire Hathaway Inc.
Also mentioned · 19
These funds discuss Berkshire Hathaway Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- September 2026
“The “moat” metaphor first appeared in Warren Buffett’s 1986 letter to Berkshire Hathaway shareholders.”
Berkshire Hathaway Inc. - September 2026
“Discussing GEICO’s cost advantage, he wrote: The difference between GEICO’s costs and those of its competitors is a kind of moat that protects a valuable and much-sought-after business castle.”
Berkshire Hathaway Inc. - MentionedNixon CapitalSeptember 2026
“After seventeen years of investing, our objective “Having a long-term horizon does not exempt you from short-term chaos." Morgan Housel 2/3 September 2026 Third Quarter Quarterly Commentary 600 W 5th Street P 512-354-2491 Suite 1200 C 512-423-4497 Austin, TX 78701 W www.nixoncapital.com remains the same: compounding wealth over the long term. Maintaining a Long-Term Perspective It’s only appropriate to recognize that our investment hero, Mr. Warren Buffett, has recently stepped down as Chairman of Berkshire Hathaway.”
Berkshire Hathaway Inc. - MentionedSaga PartnersAugust 2026
“Berkshire’s experience with newspapers shows, however, that even a genuine moat can erode when innovation changes the economics supporting it.”
Berkshire Hathaway Inc. - MentionedLongriver Partners FundJuly 2026
“Warren Buffett reached a similar conclusion about Berkshire’s textile mills.”
Berkshire Hathaway Inc. - MentionedBrasada CM Brasada Private AccountsJune 2026
“Looking ahead, Cavco's long-term growth runway is supported by the structural national housing shortage, which guarantees a sustained need for more affordable housing. This bullish outlook on the multi-year investment cycle of homebuilding was recently validated by Warren Buffett's Berkshire Hathaway, which announced an $8.5 billion acquisition of national homebuilder Taylor Morrison in late May 2026.”
Berkshire Hathaway Inc. - MentionedFundsmith Equity FundJune 2026
“In particular, we will be much less willing to deploy the time-honoured technique of buying quality companies when they hit a glitch. This was used to good effect, for example, by Warren Buffett to buy Berkshire Hathaway’s stake in American Express during the salad oil scandal (look it up)”
Berkshire Hathaway Inc. - MentionedHeartland Advisors Value Plus FundJune 2026
“Berkshire Hathaway, for instance, recently acquired public homebuilder Taylor Morrison at 1.1X book value, and the Japanese conglomerate Sumitomo acquired Tri Pointe Homes for 1.2X book value.”
Berkshire Hathaway Inc. - MentionedLVS AdvisoryJune 2026
“Capital that is not reinvested back into the owned subsidiaries or returned to shareholders is used to acquire businesses and invest in the stock market. Drawing inspiration from Warren Buffett and Constellation Software, Hikari Tsushin has a strong value-oriented investment philosophy.”
Berkshire Hathaway Inc. - June 2026
“Berkshire Hathaway, for instance, recently acquired public homebuilder Taylor Morrison at 1.1X book value,”
Berkshire Hathaway Inc. - MentionedBaron Financials ETFJune 2026
“Somewhat offsetting the above was underexposure to the lagging Insurance industry, which was held back by poor performance from index heavyweight Berkshire Hathaway Inc. and others amid a cyclical slowdown in insurance pricing.”
Berkshire Hathaway Inc. - MentionedBrown Advisory U.S. Value FundJune 2026
“prior to this year’s recon the largest single weighting in the Russell 1000® Value Index was Berkshire Hathaway at 2.6%”
Berkshire Hathaway Inc. - June 2026
“Historically benchmark methodologies typically evolve rather slowly, but the 2026 reconstitution of the Russell 1000® Value Index saw some new large entrants and a material increase in concentration at the top. For context, prior to this year’s recon the largest single weighting in the Russell 1000® Value Index was Berkshire Hathaway at 2.6% (Alphabet Inc Class A and C shares combined were just over 4%) and the entire weighting of the top ten at year end 2024 was 17%.”
Berkshire Hathaway Inc. - MentionedAfrican Lions FundJune 2026
“I have no strong view on how all this will play out, other than to note that the G.O.A.T., Warren Buffett’s flagship, Berkshire Hathaway, is sitting on nearly US$400bn in net cash. I am also holding much more cash than usual in the Fund.”
Berkshire Hathaway Inc. - MentionedThird Avenue Small-Cap Value FundJune 2026
“Later in May, Taylor Morrison Homes agreed to be purchased by Berkshire Hathaway in an all-cash transaction.”
Berkshire Hathaway Inc. - MentionedHennessy Japan FundMay 2026
“Strategic Partnership Between Tokio Marine and Berkshire Hathaway: Follow-up Analysis We would like to provide an update on the strategic partnership between Tokio Marine Holdings and Berkshire Hathaway.”
Berkshire Hathaway Inc. - MentionedPabrai Wagons FundDecember 2025
“We believe exceptional investment performance is usually the product of only a few great investments held for a very long time. The Fund will “circle the wagons” around the holdings it believes will have the highest potential for investment returns. 10 “In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so.… Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years.” - Warren Buffett, 2022 Letter to Berkshire Shareholders Case Study: Berkshire Hathaway References to the performance record of Berkshire Hathaway or Warren Buffett is in no way meant to suggest the Fund will have a similar record or performance in the future.”
Berkshire Hathaway Inc. - MentionedCambiar Smal Cap FundSeptember 2025
“Market concentration remains a concern, as the ten largest constituents in the S&P now comprise ~40% of the index and continues to do the heavy lifting on both an earnings and return basis (3Q return for the S&P 500 Equal-Weight Index was only 4.8%). With the exception of Berkshire Hathaway (#10), the top holdings are the well-known Mag7 and related technology/AI companies.”
Berkshire Hathaway Inc. - MentionedMacquarie Core Equity FundJune 2025
“Berkshire Hathaway Inc., which we did not own, declined during the quarter.”
Berkshire Hathaway Inc.
Fund coverage · 2 theses
- Ironvine Capital PartnersDecember 2025
Berkshire Hathaway is a diversified conglomerate with structurally stronger insurance earnings, significant cash and investment income, and solid long-term cash generation under new leadership.
Read the full thesis - Diamond Hill Select FundSeptember 2025
Berkshire Hathaway is a diversified holding company with strong performance, significant cash reserves for future acquisitions, and a strategic opportunity arising from Warren Buffett's upcoming retirement.
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