Berkshire Hathaway closed 0.11% little astatine $475.66 connected March 26, extending a losing streak to 7 consecutive sessions. Shares person declined much than 3.33% implicit that stretch, underperforming the S&P 500 implicit the aforesaid period.
The descent comes astatine a delicate moment. Greg Abel took implicit arsenic CEO astatine the commencement of 2026, with Warren Buffett remaining arsenic chairman. The stock's caller weakness is drafting renewed attraction to the company's near-term headwinds and what the caller enactment epoch means for shareholders.
Berkshire's concern premix is facing unit from respective directions astatine once. The company's vulnerability to user spending, manufacturing, and freight obstruction leaves it susceptible to an situation successful which lipid prices are elevated and economical uncertainty is rising.
BNSF, Berkshire's freight railroad, operates successful an situation wherever diesel costs straight impact margins. Higher vigor prices provender done to proscription costs crossed aggregate Berkshire subsidiaries. The user brands successful the portfolio look a akin dynamic, arsenic higher substance costs erode the existent disposable income that drives spending connected discretionary goods.
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Q4 2025 operating net dropped astir 30% twelvemonth implicit twelvemonth to $10.2 billion, weighed down by a crisp diminution successful security underwriting profits, which fell 54% twelvemonth implicit year. Full twelvemonth 2025 operating net came successful astatine $44.5 billion, down 6% from 2024.
The net diminution looks worse against a pugnacious comparison. The anterior twelvemonth included exceptionally beardown security underwriting results that are improbable to repetition astatine the aforesaid level. But the numbers were capable to spook investors erstwhile Berkshire reported results connected Feb. 28.
Berkshire ended 2025 with $373.3 cardinal successful cash, currency equivalents, and U.S. Treasury bills. That fig slipped from a grounds $381.6 cardinal successful Q3 2025, but remains 1 of the largest currency positions held by immoderate institution successful the world.
One of the astir intimately watched questions heading into 2026 was whether Abel would statesman deploying that capital. The reply has started to travel through.
Berkshire resumed buybacks connected March 4, its archetypal stock repurchases since May 2024. Abel besides disclosed a idiosyncratic acquisition of $15.3 cardinal successful Berkshire stock, committing to put his full after-tax wage successful the institution each twelvemonth helium serves arsenic CEO.

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