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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
LOPW
726
Live Oak Private Wealth
North Carolina
$2.26M – – –
MWM
727
Maltin Wealth Management
New Jersey
$2.26M – – –
MCM
728
Maple Capital Management
Vermont
$2.26M – – –
MGWM
729
Marks Group Wealth Management
Minnesota
$2.26M – – –
MWM
730
McMill Wealth Management
Nebraska
$2.26M – – –
MC
731
Middleton & Co
Massachusetts
$2.26M – – –
MWM
732
Mission Wealth Management
California
$2.26M – – –
MIM
733
Montgomery Investment Management
Maryland
$2.26M – – –
MQWP
734
Morey & Quinn Wealth Partners
Nebraska
$2.26M – – –
OFG
735
Oxford Financial Group
Indiana
$2.26M – – –
PJWM
736
Philip James Wealth Mangement
Georgia
$2.26M – – –
RA
737
RoundAngle Advisors
New Jersey
$2.26M – – –
RCWM
738
Royal Capital Wealth Management
Indiana
$2.26M – – –
SDWMA
739
Schneider Downs Wealth Management Advisors
Pennsylvania
$2.26M – – –
SLA
740
Silver Lake Advisory
Utah
$2.26M – – –
SAMC
741
Spectrum Asset Management (California)
California
$2.26M – – –
SWA
742
Stratos Wealth Advisors
Ohio
$2.26M – – –
SWP
743
Stratos Wealth Partners
Ohio
$2.26M – – –
SEM
744
Suncoast Equity Management
Florida
$2.26M – – –
WAOI
745
Wealth Advisors of Iowa
Iowa
$2.26M – – –
WB
746
Webster Bank
Connecticut
$2.26M – – –
XF
747
XML Financial
Maryland
$2.26M – – –
ZF
748
Zhang Financial
Michigan
$2.26M – – –
FA
749
Fiducient Advisors
Illinois
$2.26M +$727K +1 +50%
LFG
750
Larson Financial Group
Missouri
$2.26M +$727K +1 +50%
28 29
30
31 32

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.