( This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can register here to get it every Friday night in your inbox.)
Berkshire shares left as S&P 500 rallies to tape-record high
At the close on March 31, Berkshire shares were practically even with the S&P with year-to-date losses of around 4.7%.
The day previously, Berkshire B was running 1.8 portion points ahead of the S&P, its greatest lead of the year.
Friday, it closed 9.7 portion points behind the index, its greatest space up until now in 2026.
By themselves terms, Berkshire shares have actually not been carrying out well given that they closed at record highs on Might 2, 2025, right before Warren Buffett revealed he would be stepping down as CEO at the end of that year.
While they are around 3% above their early-August lows, both classes are now down a bit more than 12% given that Buffett’s statement.
Berkshire’s monetary history gets an upgrade
BUFFETT & & BERKSHIRE AROUND THE WEB
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HIGHLIGHTS FROM CNBC’S BUFFETT ARCHIVE
‘ We do not resent the taxes we pay’ (2014 )
Warren Buffett and Charlie Munger discuss why they do not attempt to navigate paying U.S. taxes.
ANDREW ROSS SORKIN: “Berkshire paid $8.9 billion in taxes in 2013. Pfizer is presently considering an acquisition that would permit it to move its technical holding business overseas and consequently conserve earnings tax cost and produce investor worth. Is this something you and Charlie would ever think about if it would produce worth for Berkshire investors?”
WARREN BUFFETT: I believe the response to that is no.
What do you state, Charlie? (Applause)
CHARLIE MUNGER: I believe it would be– I believe it would be insane to be as thriving as Berkshire and get our tax to absolutely no while we stay this thriving. That would not be a genuine suitable. (Applause)
WARREN BUFFETT: Yeah.
We might not have actually done Berkshire in any other nation other than the United States, either. You understand, and simply take a look at what we have actually obtained and whatever.
America has, in an extremely, really, huge method, assisted Charlie and I end up being really, really, really abundant. (Chuckles). Charlie?
CHARLIE MUNGER: I have actually got no problems. And I browse at this group, I see you at breakfast, it’s an extremely delighted group of individuals.
I do not believe a great deal of individuals are gnashing their teeth that someone else has a bit more.
WARREN BUFFETT: However we do not pay– I do not wish to make it holier than thou, this things. We do not pay anything beyond that– when we get all through determining tax on our 20,000 page-plus return, we simply do not– we do not include a pointer of 20 percent or 15 percent or anything.( Laughter)
And we do particular deals which are tax driven. We remain in low-income real estate tax credits, which, really, George Bush 41 praised me for. So it’s bipartisan.
We– the wind energy offers we do, the solar offers we do, they are tax driven to– I suggest, they will not make financial sense otherwise.
So, we follow the guidelines.
However we do not resent the taxes we pay. We have actually made a great deal of cash while paying U.S. taxes. (Applause)
BERKSHIRE STOCK SEE
BRK.A stock rate: ~$ 711,558.8
BRK.B stock rate: $474.58
BRK.B P/E (TTM): 15.29
Berkshire market capitalization: $1,023,449,080,531
Berkshire Money since Dec. 31: $373.3 billion (Down 2.2% from Sept. 30)
Leaving Out Rail Money and Deducting T-Bills Payable: $369.0 billion (Up 4.1% from Sept. 30)
Berkshire resumed stock repurchases on March 4, 2026, however has not stated whether it made any extra buys after that date.
( All figures are since the date of publication, unless otherwise suggested)
BERKSHIRE’S LEADING EQUITY HOLDINGS – Apr. 17, 2026
Berkshire’s leading holdings of revealed openly traded stocks in the U.S. and Japan, by market price, based upon the current closing costs.
Holdings are since Sept. 30, 2025, as reported in Berkshire Hathaway’s 13F filing on Nov. 14, 2025, other than for:
The complete list of holdings and existing market price is offered from CNBC.com’s Berkshire Hathaway Portfolio Tracker.
CONCERNS OR REMARKS
Please send out any concerns or remarks about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, however we do not forward concerns or remarks to Buffett himself.)
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Likewise, Buffett’s yearly letters to investors are extremely suggested reading. There are gathered here on Berkshire’s site.
— Alex Crippen, Editor, Warren Buffett Watch