Berkshire Hathaway ramps up share buybacks as stock outperforms market

Berkshire Hathaway repurchased $9.6 billion of its own stock in the third quarter, more than twice the pace of the prior quarter. The company’s class B shares have risen 13.6% so far this year, beating the S&P 500’s 7.8% gain, while since 1 Oct the stock is up 14% as the broader index fell about 4%. In the same period Berkshire bought $2.4 billion of equities and sold $2.8 billion, and its portfolio’s investment gains dropped 46% year‑over‑year to $9.4 billion.