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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
AOI
51
Auto-Owners Insurance
Michigan
$118M – – –
Neuberger Berman Group
52
Neuberger Berman Group
New York
$118M +$8.72M +12 +8%
BAM
53
Burgundy Asset Management
Ontario, Canada
$116M – – –
CCM
54
Coldstream Capital Management
Washington
$114M -$10.9M -15 -9%
HSBC Holdings
55
HSBC Holdings
United Kingdom
$110M -$727K -1 -0.7%
PCM
56
Punch Card Management
Florida
$109M – – –
TBC
57
Tweedy, Browne Co
Connecticut
$109M -$6.54M -9 -6%
BBHC
58
Brown Brothers Harriman & Co
New York
$107M -$26.9M -37 -21%
Stifel Financial
59
Stifel Financial
Missouri
$103M -$5.09M -7 -5%
American Century Companies
60
American Century Companies
Missouri
$103M -$2.91M -4 -3%
GF
61
Gabelli Funds
New York
$103M -$727K -1 -0.7%
Royal London Asset Management
62
Royal London Asset Management
United Kingdom
$98M -$2.91M -4 -3%
VLKIM
63
Van Lanschot Kempen Investment Management
Netherlands
$98M – – –
WM
64
WS Management
Florida
$94.3M – – –
Wells Fargo
65
Wells Fargo
California
$91.5M – – –
Universal-Beteiligungs- und Servicegesellschaft
66
Universal-Beteiligungs- und Servicegesellschaft
Germany
$90.5M -$10.9M -15 -11%
Commonwealth Equity Services
67
Commonwealth Equity Services
Massachusetts
$90.5M -$10.2M -14 -10%
HIC
68
Hartline Investment Corp
Illinois
$90.5M -$4.36M -6 -5%
DAM
69
Davis Asset Management
California
$90.5M – – –
MCM
70
Mill Capital Management
North Carolina
$89.7M -$727K -1 -0.8%
Mercer Global Advisors
71
Mercer Global Advisors
Colorado
$89.7M +$5.09M +7 +6%
RCG
72
Ruane, Cunniff & Goldfarb
New York
$88.2M – – –
SAIG
73
Semper Augustus Investments Group
Colorado
$87.5M – – –
SOMRS
74
State of Michigan Retirement System
Michigan
$87.5M – – –
WDL
75
Well Done LLC
Michigan
$84.5M – – –
1 2
3
4 5

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.