BERKSHIRE JUST MADE ITS BIGGEST BUYBACK EVER
Berkshire spent $9.6 billion buying back its own stock in Q3, topping its previous record of $9.3 billion from Q3 2020.
A year ago, it wasn't buying back a single share. Berkshire went six straight quarters without a buyback, from mid-2024 through the end of 2025.
September alone accounted for about $5.4 billion, at an average of $506.64 per Class B share.
Its favorite stock in Q3 was its own: Berkshire spent about four times as much on buybacks as on other companies' shares, buying $2.4 billion of stocks while selling $2.8 billion.