Berkshire Hathaway Class B (BRK-B)
Owns decentralized insurance, railroad, energy, manufacturing, service, and retail businesses.
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Owns insurance and reinsurance businesses, BNSF, Berkshire Hathaway Energy, and a broad set of manufacturing, chemical, homebuilding, distribution, service, and retail subsidiaries. Earnings combine operating results with investment income on insurance float, while an unusually decentralized structure leaves daily management to individual businesses.
Owns a decentralized collection of businesses spanning insurance and reinsurance, freight rail, regulated utilities and energy, manufacturing, chemicals, homebuilding, distribution, services, and retailing. GEICO, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group anchor insurance; BNSF and Berkshire Hathaway Energy are major non-insurance operations, alongside OxyChem, Precision Castparts, Marmon, McLane, Pilot, Clayton Homes, Taylor Morrison, and NetJets.
Combines underwriting earnings and investment income on insurance float with cash generated by owned operating businesses. Subsidiary managers run daily operations with few centralized functions, while the CEO directs major capital allocation. Most employees are in the United States, though several businesses operate internationally. Insurance subsidiaries operate under state and international licensing, solvency, and capital rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $365.51B · Total debt $129.37B · Total assets $1.26T · Shareholders' equity $750.18B
- Revenue
- $101.81B
- Operating income
- $17.49B
- Net income
- $25.67B
No dividends on record.
| Institutions | ≈ 50.45% | 1.08B shares | |
|---|---|---|---|
| 5,043 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.01% | 249.9K shares | |
| 3 holders · as of Sep 4, 2026 | |||
| Other | ≈ 49.54% | 1.06B shares | |
| remainder | |||
2.14B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 5.69% | 447 A · 121.18M B | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.63% | 1,378 A · 118.36M B | as of Jun 30, 2026 |
State Street CorpInstitution | 3.56% | 268 A · 75.75M B | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 1.94% | 41.53M B | as of Jun 30, 2026 |
FMR LLCInstitution | 1.50% | 14,533 A · 10.40M B | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 21, 2026 | Berkshire Hathaway Inc | 10 percent owner | +667,118 | $77.74 |
| Sep 18, 2026 | Berkshire Hathaway Inc | 10 percent owner | +1,381,397 | $76.48 |
| Sep 17, 2026 | Berkshire Hathaway Inc | 10 percent owner | +695,014 | $78.98 |
| Aug 12, 2026 | Michael J. O'Sullivan | officer: See Remarks | +488 | $512.44 |
| Aug 12, 2026 | Charles C. Chang | officer: See Remarks | +1 |
- Progressive
Direct auto insurance rival to GEICO via telematics-led pricing supremacy.
- Union Pacific
BNSF's named primary rail rival across the same western US freight corridors.
- NextEra Energy
Leading US utility and world's largest renewable generator competing with BHE.
- Markel Group
Structural "baby Berkshire" — float, equity portfolio, and owned businesses.
- Chubb
Global commercial P&C leader in specialty, commercial lines, and reinsurance.
- Travelers
#1 US commercial lines writer, competing with BH Primary Group.
- Allstate
#4 US auto and #2 homeowners insurer, named GEICO rival in Berkshire's 10-K.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Berkshire Hathaway Class B | $505.15 | +0.63% | $1.08T | 12.6 | 23.2 | 2.8 | +3.0% |
| Progressive | $206.73 | −2.60% | $123.40B | 10.6 | 12.5 | 1.4 | +5.0% |
| Union Pacific | $272.26 | +0.98% | $160.18B | 21.8 | 20.1 | 6.3 | +11.5% |
| NextEra Energy | $79.61 | −0.03% | $166.11B | 17.9 | 19.6 | 5.7 | +12.5% |
| Markel Group | $1,760.00 | −0.82% | $21.99B | 9.8 | 15.3 | 1.3 | +17.6% |
| Chubb | $336.24 | −0.30% | $130.11B | 11.9 | 12.0 | 2.1 | −1.3% |
| Travelers | $362.46 | −2.34% | $77.41B | 9.9 | 12.1 | 1.6 | −4.8% |
| Allstate | $230.20 | −5.21% | $62.52B | 4.8 | 8.2 | 0.9 | −7.2% |
| Median | 10.6 | 12.5 | 1.6 | +5.0% |