Has Warren Buffett's Berkshire been buying or selling stocks?

Berkshire Hathaway has just released its latest quarterly report.

| More on:
Warren Buffett

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • Berkshire Hathaway's latest financial report, covering Q3 2025, is one of the last to be delivered by Warren Buffett before he steps down as CEO in January 2026.
  • The company recorded a 34% increase in operating profits and a 17% rise in net income, alongside stock sales, resulting in US$10.4 billion in taxable gains.
  • Berkshire's cash reserves have reached a record $381.6 billion, suggesting Buffett is either cautious about current market valuations or anticipating future buying opportunities.

One of the world's most anticipated financial reports has just dropped over in the United States – that of Warren Buffett's massive conglomerate, Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B).

Like all US stocks, Berkshire is required to report its financials every three months, making its four quarterly reports some of the most anticipated on the American (and global) financial calendar.

The latest of these reports was released over the weekend, and covers the three months to 30 September 2025.

It's a notable report because it is the second-to-last one that Buffett will deliver as CEO of Berkshire. Earlier this year, the legendary 95-year-old investor announced he would be stepping down as CEO in January 2026, ending a monumentally successful tenure of more than six decades at the head of Berkshire Hathaway. He will still stay on as chairman, though.

Perhaps as a result, the Berkshire share price has had a fairly lacklustre year (up around 6%) to date, as investors slowly come to terms with the inevitable transition that almost all have dreaded.

But let's get to the latest numbers out of the massive company.

Has Buffett been buying or selling stocks?

Over the most recent quarter, the company's 10F filing shows that Buffett has continued to be a net seller of stocks. That's a position he has historically been uncomfortable about. The filing revealed that the company recorded US$10.4 billion in taxable gains over the three-month period. That included US$6.1 billion worth of sales of common stocks.

Unfortunately, we will have to wait a little longer to see exactly which stocks Buffett was selling, though. As of the most recent numbers, the company's top five public holdings include Apple Inc (NASDAQ: AAPL), American Express Inc (NYSE: AXP), Bank of America Corp (NYSE: BAC), Coca-Cola Co (NYSE: KO), and Chevron Corporation (NYSE: CVX).

Buffett also did not undertake any additional buybacks of Berkshire's own shares during the quarter, something he has been concentrating his efforts on in recent years.

Overall, Berkshire recorded a 34% rise in operating profits (year on year) to US$13.49 billion, and a 17% increase in quarterly net income to US$30.8 billion. Buffett always tells investors to disregard that net figure, though, as it includes on-paper investment gains.

This latest profit allowed Berkshire's gargantuan cash pile to climb to another record high. Berkshire reported that it now has a whopping US$381.6 billion in cash and cash equivalents. Going off Buffett's past behaviour, this could indicate that he simply sees nothing worth buying at the current time. Or perhaps it indicates that Buffett expects to see significant buying opportunities in the not-too-distant future.

Only time will tell if the 'Oracle of Omaha' is on the money on that one.

American Express is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Motley Fool contributor Sebastian Bowen has positions in American Express, Apple, Berkshire Hathaway, and Coca-Cola. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, Berkshire Hathaway, and Chevron. The Motley Fool Australia has recommended Apple and Berkshire Hathaway. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on International Stock News

A woman pulls her jumper up over her face, hiding.
International Stock News

Here's how the US Magnificent Seven stocks performed in 2025

Not so magnificent: 5 of the 7 stocks underperformed the S&P 500 and Nasdaq Composite.

Read more »

the australian flag lies alongside the united states flag on a flat surface.
Share Market News

US stocks vs. ASX shares in 2025

Which market came out on top?

Read more »

A female engineer inspects a printed circuit board for an artificial intelligence (AI) microchip company.
International Stock News

Should you really invest in AI stocks in 2026? Here's what other investors are saying

Is AI headed for a bubble? Or is there still room for growth?

Read more »

Happy teen friends jumping in front of a wall.
International Stock News

4 reasons to buy Nvidia stock like there's no tomorrow

Nvidia's 2026 is shaping up to be just as good as 2025.

Read more »

Hand with AI in capital letters and AI-related digital icons.
International Stock News

2 AI stocks to buy in January and hold for 20 years

Investing in these tech leaders can help you profit from a generational opportunity.

Read more »

A woman wearing a black and white striped t-shirt looks to the sky with her hand to her chin contemplating buying ASX shares today as the market rebounds
International Stock News

Where will Nvidia stock be in 1 year?

It's starting to head down. Is that a worrisome trend?

Read more »

Woman and man calculating a dividend yield.
International Stock News

Berkshire is selling Apple stock and buying this other magnificent artificial intelligence (AI) stock instead

Berkshire Hathaway has been selling Apple stock throughout the artificial intelligence (AI) revolution.

Read more »

Hand with AI in capital letters and AI-related digital icons.
International Stock News

2 no-brainer AI stocks to buy hand over fist for 2026

These two stocks are great additions to any growth portfolio.

Read more »