Berkshire Hathaway Q3 operating profit was 12.71 billion USD, repurchased 9.6 billion USD of stock

According to reports from the Financial Associated Press, Berkshire Hathaway's operating profit for the third quarter was $12.71 billion, a year-on-year decrease of 5.8%. The net profit attributable to shareholders for the third quarter was $22.112 billion, compared to $30.796 billion in the same period last year; the net earnings per Class A equivalent common share for the third quarter were $15,502; the net investment income for the third quarter was $9.407 billion, down from $17.311 billion in the same period last year.

As of September 30, the company's cash holdings for the third quarter were $356.9 billion; cash reserves increased from the previous quarter to $377.4 billion, setting a new record. The company repurchased $9.6 billion in stock during the third quarter. Additionally, Berkshire Hathaway stated that 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.