Berkshire's cash reserves hit a record high, with no stock buybacks for five consecutive quarters.

On the evening of November 1st, Berkshire Hathaway disclosed in its third quarter 2025 financial report that the top five holdings in the third quarter were still American Express, Apple, Bank of America, Coca-Cola, and Chevron. In terms of cash reserves, Berkshire Hathaway's cash reserve reached $381.7 billion, surpassing the previous high of $347.7 billion set in the first quarter of this year, setting a new record. In addition, there were zero repurchases in the first nine months of 2025. Since the third quarter of 2024, Berkshire Hathaway has not repurchased any stocks for the fifth consecutive quarter.