(Reuters) -Class A shares of Warren Buffett’s Berkshire Hathaway (BRK-A) fell 3% in afternoon buying and selling on Monday, as traders fretted over a $3.8 billion write-down and a dip in quarterly working revenue that the agency disclosed on Saturday.
The write-down of Berkshire Hathaway’s 27.4% stake in Kraft Heinz, its second for the corporate, displays a big decline within the worth of the funding.
Berkshire had taken a $3 billion write-down in Kraft Heinz in 2019.
The conglomerate additionally reported a 4% dip in working revenue, which fell from $11.6 billion the 12 months earlier, as underwriting premiums fell and commerce coverage uncertainties damage most of Berkshire’s shopper companies.
The Omaha, Nebraska-based firm, which has not repurchased any shares since Might 2024, indicated it stays cautious about market valuations amid ongoing uncertainty over tariffs and financial development.
Class A shares of the corporate, which have gained about 2% in 2025, lagged the benchmark S&P 500 index. The inventory shed features since Buffett’s announcement to step down because the CEO of the conglomerate on the finish of the 12 months.
Buffett, 94, has led the corporate for over 5 a long time.
(Reporting by Pritam Biswas in Bengaluru; Modifying by Alan Barona)