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Berkshire shares have been nearly in line with the S&P since the start of the year, recovering from a deficit of nearly 8 percentage points last week.
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DaVita is rebounding on strong earnings after Berkshire reduced its stake
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That’s good news for Berkshire, which owns a 44% stake in more than 30 million shares worth $4.2 billion.
The not-so-good news, however, is that last Thursday the company had to sell nearly 1.7 million DVA shares at a pre-surge price of $120.56 each, for a total value of just under $200 million.
In an agreement with DaVita through 2024, Berkshire pledged to keep its stake at or below 45% of the company’s outstanding shares, a level that fell last quarter as DaVita bought back its own shares.
Borsheim’s golden renovation
Berkshire Hathaway subsidiary Borsheims is planning a “major architectural transformation” of its flagship jewelry store in Omaha to mark the entry into a “new golden era.”
A press release quoted President and CEO Karen Goracke as saying the goal is to “reimagine the customer experience” with an “upscale luxury environment” that “strengthens Borsheims as a destination.”
Discounts offered to shareholders will help make the deal a draw during Berkshire’s annual meeting weekend.
Renovations will begin after the May meeting. The store will remain open during construction.
The design comes from HDR, the construction comes from Kiewit. Both are based in Omaha.
BUFFETT & BERKSHIRE ON THE INTERNET
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HIGHLIGHTS FROM CNBC’S BUFFETT ARCHIVE
“Find out what makes sense and follow your own path” (2016)
AUDIENCE MEMBER: My question is for my children who are watching at home today and for the children in the audience.
How should they look at stocks when every day in the media they see companies that have never made a dime in their lives going public?
WARREN BUFFETT: You don’t really have to worry about what’s going on with IPOs or which people are making money.
People win the lottery every day, but there’s no reason it should even affect you. You shouldn’t be jealous of that.
I mean, you know, if they want to do mathematically unreliable things and one of them gets lucky occasionally and they put the one person on TV and they took out the million that contributed to the profits with the big share for the state, you know, then you’re stuck – that’s nothing to worry about.
You just have to figure out what makes sense. And you don’t – and you look at buying – when you – when you buy a stock, you get into the mental frame of mind that you’re buying a company, and if you don’t look at a price on it for five years, that’s fine…
Let the rest of the world go its own way. You don’t want to jump into a stupid game just because it’s available…
Many problems are, as Charlie would say, caused by envy. You don’t want to be jealous of someone who won the lottery or did an IPO that went up.
You have to figure out what makes sense and go your own way.
BERKSHIRE STOCK CLOCK
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BRK.A share price: $762,569.63
BRK.B share price: $508.09
BRK.BP/E (TTM): 16.25
Berkshire market cap: $1,096,347,710,921
Berkshire Cash as of September 30: $381.7 billion (up 10.9% from June 30)
Excluding Rail Cash and deducting T-Bills payable: $354.3 billion (up 4.3% from June 30)
No Berkshire share buybacks since May 2024.
(All figures are as of the date of publication unless otherwise stated)
BERKSHIRE’S TOP STOCK HOLDINGS – February 6, 2026
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Berkshire’s largest holdings of disclosed publicly traded stocks in the US and Japan, by market value based on recent closing prices.
Holdings are as of September 30, 2025, as reflected in Berkshire Hathaway’s 13F filing dated November 14, 2025, except for:
For the full list of holdings and current market values, visit CNBC.com’s Berkshire Hathaway Portfolio Tracker.
QUESTIONS OR COMMENTS
Please send me questions or comments about the newsletter to alex.crippen@nbcuni.com. (We’re sorry, but we don’t forward questions or comments to Buffett himself.)
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Buffett’s annual letters to shareholders are also highly recommended reading. They are collected here on Berkshire’s website.
— Alex Crippen, Editor, Warren Buffett Watch