Berkshire Hathaway shares reach eight-month high

• UBS analyst raised price target and estimates higher following reports that Berkshire may have bought back as much as $11 billion of stock in Q2 2026
• Berkshire's three largest equity holdings have surged: Apple stake now worth over $70 billion, Coca-Cola at $35 billion (up 25% YTD), and Bank of America at $32 billion
• The company holds $397.4 billion in cash as of March 31, up 6.5% from year-end, with Q2 results expected August 8

Berkshire Hathaway Shares Reach Eight-Month High - Summary

Key Performance Metrics:

Berkshire Hathaway's Class B shares closed Friday at $511.54, reaching an eight-month high but remaining 5.2% below their all-time closing high of $539.80 from May 2, 2025. Class A shares closed at $766,600, down 5.3% from their record of $809,350. The stock has rallied significantly, erasing more than half of its 17.5 percentage point deficit versus the S&P 500 benchmark from just two months ago, though it still lags the index by 7.6 percentage points.

Major Holdings Performance:

Three of Berkshire's largest equity positions have delivered strong year-to-date gains:

• Apple (largest holding, valued over $70 billion): up 13.6%
• Coca-Cola (third-largest position at $35 billion): up 25%
• Bank of America (fourth-largest at $32 billion): up 12.6%

Analyst Activity and Share Buybacks:

UBS analyst Brian Meredith maintained a "buy" rating while raising his price target on Class B shares and increasing earnings estimates. Reports suggest Berkshire may have repurchased approximately $11 billion of its stock in Q2 2026, a significant increase from the $234 million bought back in Q1.

Financial Position:

As of March 31, Berkshire held $397.4 billion in cash, up 6.5% from year-end.

Market Outlook:

Analysts believe the rally "has room to run" given Berkshire's underperformance relative to both the broader market and key sector competitors in railroads and insurance. Second-quarter results are expected August 8, which will confirm actual buyback figures.