Warren Buffett continues to see owning more of Berkshire Hathaway as one of the conglomerate’s best investments.
Berkshire Hathaway used approximately $7.6 billion to repurchase Berkshire shares during the third quarter, bringing the nine month total to approximately $20.2 billion.
The $7.6 billion in stock buybacks represents an increase over the first and second quarters. Berkshire repurchased $6.6 billion in stock in the first quarter and $6 billion in the second quarter.
Even with the most recent buyback, Berkshire still finished the third quarter with a record $149 billion in cash.
© 2021 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.