5 Highlights Of Berkshire Hathaway 2020 Third Quarter Report
5 Highlights of Berkshire (BRK-A)’s third quarter report:
- Berkshire Q3 reported $145.7 billion in cash, slight decline from Q2.
- Berkshire Q3 bought back $9 billion of stock and the nine month total now equals $16 billion, which exceeds any previous year total.
- Berkshire’s Q3 2020 operating earnings declined by 32% vs. 2019 Q3.
- Berkshire in Q3 maintained its stake in Apple (AAPL) (valued at $111.7 billion on September 30).
- Berkshire reduced its holdings in “Banks, insurance, and finance” by $4 billion (cost basis), increased “Commercial, industrial, and other” by $15 billion (cost basis), and decreased “Consumer products” by $1.7 billion (cost basis).