Berkshire Shares Hit Post-Buffett Highs as BRK.A Closes at $798,000
Updated
Updated · CNBC · Oct 17
Berkshire Shares Hit Post-Buffett Highs as BRK.A Closes at $798,000
3 articles · Updated · CNBC · Oct 17
Summary
BRK.A closed Friday at $798,000 and BRK.B at $532.02, their highest levels since Warren Buffett said in May 2025 he would step down as CEO.
The rebound follows a more than 14% slide in the three months after that announcement, with investors now rewarding CEO Greg Abel's capital deployment, including $4.5 billion of Q2 buybacks and new equity investments.
Higher short-term rates are also boosting returns on Berkshire's roughly $360 billion cash pile, while a quiet hurricane season, stronger oil prices and Chevron's rally have supported its insurance and energy-linked businesses.
Berkshire's nearly $1 billion bet on Bending Spoons has added to the momentum: the stake is now worth more than $1.4 billion on paper, after the stock jumped following a $330 million private placement.
The recovery has narrowed Berkshire's 2026 lag versus the S&P 500 to 6 percentage points from 17.5 points in June, suggesting investors are growing more comfortable with Berkshire after Buffett.