Berkshire Hathaway Q3 Operating Profit at $12.71 Billion, 65% of Equity Investments Concentrated in Five Companies

Berkshire Hathaway's operating profit for the third quarter was $12.71 billion, a decrease of 5.8% year-on-year; net profit attributable to shareholders was $22.112 billion, down from $30.796 billion in the same period last year; earnings per Class A equivalent common share were $15,502; net investment income was $9.407 billion, compared to $17.311 billion in the same period last year. As of September 30, the company's cash holdings were $356.9 billion, with cash reserves increasing to $377.4 billion from the previous quarter, setting a new record. The company repurchased $9.6 billion in stock during the third quarter. Additionally, as of September 30, 65% of the total fair value of the company's equity investments was concentrated in Alphabet, American Express, Apple, Bank of America, and Coca-Cola.

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