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Berkshire Hathaway Class A
BRK.A

1,362 hedge funds and large institutions have $66.2B invested in Berkshire Hathaway Class A in 2025 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 89 increasing their positions, 155 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more call options, than puts

Call options by funds: $1.81B | Put options by funds: $302M

2% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 51

1% less funds holding

Funds holding: 1,382 → 1,362 (-20)

10% less funds holding in top 10

Funds holding in top 10: 147 → 132 (-15)

14% less capital invested

Capital invested by funds: $77.1B → $66.2B (-$10.9B)

43% less repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 155

187% less ownership

Funds ownership: 206.29% → 19.29% (-187%)

Holders
1,362
Holders Change
-20
Holders Change %
-1.45%
% of All Funds
17.87%
Holding in Top 10
132
Holding in Top 10 Change
-15
Holding in Top 10 Change %
-10.2%
% of All Funds
1.73%
New
50
Increased
89
Reduced
155
Closed
51
Calls
$1.81B
Puts
$302M
Net Calls
+$1.51B
Net Calls Change
+$1.51B

Top Buyers

Rank Fund Capital Flow
1
NI
Natural Investments
California
+$1.73B
2
SA
SoundView Advisors
Washington
+$369M
3
Franklin Resources
Franklin Resources
California
+$250M
4
First Manhattan
First Manhattan
New York
+$233M
5
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
+$88M

Top Sellers

Rank Fund Capital Flow
1
WA
Waterford Advisors
New York
-$385B
2
VC
Vestor Capital
Illinois
-$291B
3
MWM
Modern Wealth Management
Kansas
-$48B
4
WF
WoodTrust Financial
Wisconsin
-$7.09B
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$4.5B
Name Holding Trade Value Shares
Change 		Change in
Stake
BDCMI
651
Black Diamond Capital Management I
$3.02M +$2.91M +4 New
QC
652
Quantessence Capital
New York
$3.02M +$2.91M +4 New
VF
653
Vawter Financial
Ohio
$3.02M +$2.91M +4 New
RAM
654
RK Asset Management
Michigan
$3.02M – – –
Janus Henderson Group
655
Janus Henderson Group
United Kingdom
$3.02M +$727K +1 +33%
NAM
656
NorthCrest Asset Manangement
Minnesota
$3.01M – – –
Jones Financial Companies
657
Jones Financial Companies
Missouri
$3.01M – – –
FMN
658
Financial Management Network
California
$3M – – –
CWA
659
Canvas Wealth Advisors
Kansas
$3M – – –
FNC
660
First National Corp
Massachusetts
$2.98M – – –
LWCFA
661
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$2.94M – – –
DekaBank Deutsche Girozentrale
662
DekaBank Deutsche Girozentrale
Germany
$2.94M – – –
MMPW
663
Mitchell McLeod Pugh & Williams
Alabama
$2.89M – – –
VCP
664
Vista Capital Partners
Oregon
$2.72M -$29.1M -40 -0.7%
NI
665
Natural Investments
California
$2.7M +$1.73B +2,376 +118,800%
AIS
666
AM Investment Strategies
Tennessee
$2.26M – – –
AAMC
667
Asset Allocation & Management Company
Illinois
$2.26M – – –
BFO
668
Boston Family Office
Massachusetts
$2.26M – – –
FPB
669
First PREMIER Bank
South Dakota
$2.26M – – –
MFG
670
Mosaic Financial Group
Illinois
$2.26M – – –
RMCM
671
Reynders McVeigh Capital Management
Massachusetts
$2.26M – – –
ST
672
Sentinel Trust
Texas
$2.26M – – –
SC
673
Steginsky Capital
New York
$2.26M – – –
Thrivent Financial for Lutherans
674
Thrivent Financial for Lutherans
Minnesota
$2.26M – – –
Envestnet Asset Management
675
Envestnet Asset Management
Illinois
$2.26M -$5.82M -8 -73%
25 26
27
28 29

BRK.A Hedge Fund Activity: Q3 2025 in Review

1,362 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Berkshire Hathaway Class A (BRK.A) for Q3 2025, worth a combined $66.2B — down 14% from $77.1B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of BRK.A and 50 opened new positions — a net loss of 1 holder — while 155 trimmed existing stakes and 89 added.

The largest buyer was Natural Investments, adding an estimated $1.73B. The largest seller was Waterford Advisors, cutting an estimated $385B.

  • 1,362 institutional investors held Berkshire Hathaway Class A (BRK.A) as of Q3 2025, down from 1,382 in Q2 2025.
  • Funds reported $66.2B of Berkshire Hathaway Class A stock for Q3 2025, down 14% quarter-over-quarter.
  • 50 funds opened new Berkshire Hathaway Class A positions in Q3 2025 and 51 closed out, a net change of -1 holder.
  • The largest Berkshire Hathaway Class A buyer in Q3 2025 was Natural Investments, an estimated $1.73B added.
  • The largest Berkshire Hathaway Class A seller in Q3 2025 was Waterford Advisors, an estimated $385B sold.

Based on aggregated 13F filings for Q3 2025.