Berkshire Hathaway Shares Hit Record High After 19% Fourth-Quarter Surge

Berkshire Hathaway shares finished the week with four consecutive record high closes, driven by a 19.1% surge since the fourth quarter began on October 1. Both Class A and Class B shares participated in the gains, outperforming the S&P 500 as investors sought a safe haven amid concerns over AI stocks and spending. At the same time, recent financial filings indicate that Berkshire continued reducing its stake in Bank of America during the third quarter. This points to what could be the ninth consecutive quarter of selling down its position in the bank.