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Berkshire Hathaway's fourth-quarter rally lifts shares 19% to record highs

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Summary

  • Berkshire Hathaway's Class A and B shares are up 19.1% since October 1, closing at record highs repeatedly while the S&P 500 dipped 1.2%.
  • Third-quarter figures showed a record $9.6 billion of buybacks under CEO Greg Abel, bringing 2026 repurchases to about $14.4 billion.
  • Third-quarter 10-Q numbers indicate Berkshire sold more Bank of America shares, which would be a ninth consecutive quarterly reduction of that stake.
  • Berkshire is selling more than 182 billion yen ($1.1 billion) of bonds to protect its Japanese stock investments from currency swings.
  • Greg Abel, who succeeded Warren Buffett as chief executive on January 1, 2026, swung Berkshire from net stock seller in 2025 to about $11.2 billion net buyer, including a $10 billion Alphabet stake.

Reactions

  • The Warren Buffett Watch newsletter suggested investors are treating Berkshire Hathaway as a relatively safe haven amid worries about AI stocks and spending.
  • Barron's estimated Berkshire sold 30 to 40 million Bank of America shares in the third quarter and may be buying Class A stock directly to boost repurchases.
  • A fund manager said market sentiment 'has become more sensitive,' forcing issuers to make bond offerings more attractive.
  • Commentator Lee Jackson called Berkshire his favorite stock to hold for the long haul and judged Greg Abel the right leader for the company.
  • Morningstar noted Berkshire's cash levels retreated again as acquisitions and share buybacks picked up.
  • Commentators argued the market has accepted Berkshire's new leadership, but said the rally's case weakens if buybacks stop, cash builds again, or earnings slip.

Timeline newest first

  1. Berkshire Hathaway's shares ended the week of November 14 with four consecutive record closes, up 19.1% since October 1 against a 1.2% dip in the S&P 500.
  2. Berkshire Hathaway filed a term sheet to sell more than 182 billion yen ($1.1 billion) of bonds maturing between 2029 and 2056 at annual rates of 2.6% to 4.6%.
  3. Berkshire Hathaway's third-quarter 10-Q numbers indicate it continued reducing its Bank of America stake, which would be a ninth straight quarterly reduction.
  4. Berkshire Hathaway's third-quarter 10-Q reported $2.2 billion of pretax gains from equity sales, and it was due to file its third-quarter 13F with the SEC the following Monday.
  5. Berkshire Hathaway was reported to have repurchased about $2 billion more of its own stock in October 2026, on top of its third-quarter total.
  6. Filings showed Berkshire Hathaway spent $14.4 billion buying back its own shares in 2026, including $9.6 billion in the third quarter and $4.8 billion over the first half.
  7. Berkshire Hathaway swung from $10.6 billion in net stock sales in 2025 to roughly $11.2 billion in net purchases in 2026, becoming a net buyer in the second quarter for the first time in over three years with about $23.5 billion into equities, including a $10 billion Alphabet stake.
  8. Greg Abel made a $15 million personal investment in Berkshire Hathaway shares with his own money.
  9. Filings showed Greg Abel bought Berkshire Hathaway Class A shares with his own money on March 4, 2026, and bought no more in the third quarter.
  10. Berkshire Hathaway's third-quarter report showed cash and Treasury bills of $377.4 billion, operating earnings down 5.8% to $12.7 billion, and net earnings down 28% to $22.1 billion.
  11. Berkshire Hathaway bought back a record $9.6 billion of its own stock in the third quarter of 2026, about 12.4 million Class B shares at an average of $503.68, with the heaviest buying in September.
  12. In the week before November 6, 2026, the S&P 500 had its worst week since April 2025, falling 2.7% on a 4.4% selloff in AI stocks, while Berkshire's Class B shares rose 5.2% to a record high.
  13. Berkshire Hathaway's Class B shares closed at a record $579.09 on November 4, 2026, up 16.29% over 25 sessions while the Nasdaq fell about 4.2%, with no filing or statement explaining the jump.
  14. Form 4 filings showed Berkshire Hathaway bought 924,281 Sirius XM shares on October 30 and November 2 and 3, 2026.

Sources newest first

  • Berkshire breaks out to record high with fourth-quarter rally reaching 19%cnbc.com· 7h

    Alex Crippen's Warren Buffett Watch newsletter reports Berkshire Hathaway's fourth-quarter rally reaching 19.1%, with Class A and Class B shares closing at record highs 11 and 10 times respectively since October 1, against a 1.2% S&P 500 dip. The newsletter cites CNBC's view that investors treat Berkshire as a safe haven amid AI worries, suggests continued Bank of America selling from 10-Q numbers, notes a planned $1.1 billion yen bond sale, and passes on Barron's takes that Geico trails Progressive and that Berkshire may be buying Class A stock directly to boost buybacks.

  • Berkshire’s Greg Abel Spent $14.4 Billion on Buffett’s Favorite Stock247wallst.com· 2d

    Rich Duprey's 247wallst.com article reports that Berkshire Hathaway under Greg Abel has spent $14.4 billion repurchasing its own shares in 2026, resumed buybacks after a pause, and swung from net stock seller in 2025 to about $11.2 billion in net purchases, including a $10 billion Alphabet stake. The piece cites Reuters on some $2 billion more in October repurchases, Morningstar's note that cash retreated as buybacks picked up, and CNBC's report that shares rose after earnings as Wall Street swooned over AI fears.

  • Forget the AI Friday Rally: Why Big Money Is Still Fleeing to Warren Buffett's Berkshire Hathaway247wallst.com· 7d

    In a 24/7 Wall St. article, Lee Jackson argues Berkshire Hathaway remains his favorite long-haul stock as investors flee the AI rout, pointing to its $377 billion cash pile, $14.4 billion in 2026 buybacks, and Greg Abel's $15 million purchase since succeeding Warren Buffett as CEO. He sees Abel as the right leader and expects the mid-November 13F filing and Abel's next deal as money moves away from AI.

  • Warren Buffett's Berkshire Just Spent a Record $9.6 Billion Buying Its Own Stock247wallst.com· 7d

    A 247wallst.com article reports Berkshire Hathaway bought back a record $9.6 billion of its own stock in the third quarter of 2026, the first big buyback under CEO Greg Abel, calling it a signal management saw the stock as cheap at about $504. It also covers quarterly earnings and, through a retiree's hypothetical, argues buybacks quietly aid a sell-shares income plan.

  • Warren Buffett's Berkshire Rose 5% in the Market's Worst Week Since April 2025247wallst.com· 7d

    Jeremy Phillips's 247wallst.com article reports that while the market had its worst week since April 2025 — the S&P 500 fell 2.7%, dragged by a 4.4% selloff in AI stocks — Berkshire Hathaway's Class B shares rose 5.2% to a record high, with Warren Buffett now chairman and Greg Abel running the company ahead of Saturday's third-quarter results. According to CNBC the company held about $365.5 billion in cash at the end of June, and the article argues that same cash habit — keeping enough to cover a few years of spending — lets retirees like a 67-year-old with $900,000 ride out a 20% stock drop without selling low.

  • Berkshire Has Gained 16% in About 5 Weeks247wallst.com· 9d

    247wallst.com reports that Berkshire Hathaway's Class B shares hit a record $579.09 on November 4, 2026, a 16.29% gain over 25 sessions while the S&P 500 stayed nearly flat and the Nasdaq fell about 4.2%, with no filing or company statement explaining the jump. 24/7 Wall St. judges that the market has accepted Greg Abel's new leadership, but argues the rally's case weakens if the November 7 quarterly report shows buybacks stopped, cash built up, or earnings slipped.

Background newest first

  • Warren Buffett's Berkshire Just Bought $600 Million in Lennar Stock as the Housing Market Weakens247wallst.com· 3d

    Mike Barrington reports for 247wallst.com that Berkshire Hathaway kept buying Lennar from mid-September into early November 2026, spending roughly $596 million in recent trades and lifting its stake to about 29 million shares — roughly 12%, worth about $2.2 billion — even as Lennar stock slid 28.63% over the year and its Q3 earnings missed with revenue down 8.52% to $8.05 billion. Among the signs of a weakening market cited: Freddie Mac's 30-year mortgage rate at 7.40%, existing home sales near a 12-month low, and analyst Charlie Bilello's report that over 14% of U.S. home purchases were canceled in September, while CEO Stuart Miller said nearly half of Lennar's visitors in many markets cannot immediately qualify.

  • In 1957, A Pediatrician Signed Up For An Investing Class In Omaha. She Decided To Invest Half Her Life Savings With The Teacher. His Name Was Warren Buffett. At 71 Years Old She Was Still Practicing Medicine And Carol Angle's Family Fortune Was $300 Million.247wallst.com· 3d

    A 247wallst.com article recounts how pediatrician Carol Angle put half her life savings into Warren Buffett's 1957 Omaha investing class partnership, later joining 11 dinner doctors in Emdee, Ltd., and by 1998 her family's Berkshire Hathaway stake was worth about $300 million. Modeling that $30,000 at $4.52 billion by November 2026, the article argues her story shows what concentration costs, less a reason to hold one stock than a checklist of what makes it safe.

  • Berkshire Hathaway Hasn't Paid a Dividend Since 1967, and $1,000 Still Grew to $3,654 in Ten Years247wallst.com· 4d

    247wallst.com examines why Berkshire Hathaway, which paid a single dividend in 1967 and pays none since, still turned $1,000 into $3,654 over nearly ten years, beating the S&P 500's $3,481.80, with the share price carrying the whole return. It notes record $380 billion cash, Warren Buffett's handover to Greg Abel, and rising buybacks.

  • In 1984 After He Bought Her Company, Warren Buffett Said He'd "Rather Wrestle Grizzlies Than Compete With Mrs. B And Her Progeny." Five Years Later Rose Blumkin Opened A Rival Store Across The Street. In 1992 Buffett Bought It Too247wallst.com· 5d

    A 247wallst.com article tells how Rose Blumkin, whom Warren Buffett said he'd "rather wrestle grizzlies" than compete with, never signed a non-compete when Berkshire Hathaway bought Nebraska Furniture Mart in 1983, quit at 96 to open a rival store across the street, and in 1992 Buffett bought that too. Buffett's letters praise her, citing her $500 savings, her courtroom carpet sales, and her signing a non-compete at 99.

  • Greg Abel's Next 13F Lands November 16, and 1 Question About Berkshire Hathaway's $299 Billion Portfolio Looms Larger Than Any Other247wallst.com· 9d

    247wallst.com previews Berkshire Hathaway's November 16, 2026 13F, which will show its $299.3 billion June portfolio's moves — Alphabet added heavily, Bank of America trimmed, Apple and Coca-Cola held — and says the big question is whether the Alphabet buying continued under new CEO Greg Abel. Michael Williams tells readers to check both Alphabet share counts first.