## Berkshire Hathaway’s Earnings Dip, Stock Sales Continue
Here’s a quick rundown of the latest news from Warren Buffett’s Berkshire Hathaway:
- Operating Earnings Down: Berkshire Hathaway’s operating earnings decreased by 4% year-over-year to $11.16 billion in the second quarter. While some sectors performed well, a drop in insurance underwriting pulled down the overall results.
- Stock Price Reaction: Both Class A and B shares of Berkshire declined more than 2% following the earnings report. The stock is down about 12% from its all-time high in early May.
- Kraft Heinz Write-Down: Berkshire recorded a $3.8 billion loss on its Kraft Heinz stake, reflecting the underperformance of the investment. This comes amid reports of a potential spinoff of Kraft Heinz’s grocery business.
- Stock Sales Continue: Berkshire continued its trend of selling stocks, dumping $4.5 billion in equities in the first six months of 2025, marking the 11th consecutive quarter of net selling.
- No Share Repurchases: The company did not repurchase any of its own shares in the first half of 2025, even as the stock price corrected.
- CEO Transition: The article mentions the upcoming CEO transition, with Greg Abel set to take over from Warren Buffett at the end of 2025.
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