Both classes of Berkshire Hathaway’s stocks rallied this week to end today at all-time closing highs, topping the previous records set in late March.
The Class A shares closed at $639,500 per share, up 1.7% today, 3.4% this week, and almost 17.9% since the beginning of the year.
The previous closing high was $634,440 on March 28.
The more widely held Class B shares finished today at $424.44, up almost 1.4% today, 3.2% this week, and 19.0% year-to-date. (The benchmark S&P is up 17.7% YTD.)
The previous closing high was $420.52, also on March 28.
Berkshire’s market value is now around $916 billion, the seventh largest for a U.S. corporation and the first on the list that’s below $1 trillion.
Also in the race for that milestone: Eli Lilly with $901 billion, as well as Tesla and Broadcom, both at $792 billion.
With help from a 7.7% gain for Apple, Berkshire’s largest equity holding, over the past two weeks as it hit seven consecutive record high closes, the market value of that portfolio is now above $400 billion for the first time ever.
Apple’s $182 billion accounts for almost 45% of that amount.
The 116.2 million Apple shares sold by Berkshire during the first quarter of this year, at least partially due to tax considerations, would currently be valued at $26.8 billion, bringing the “hindsight is 20/20” portfolio total to around $436 billion.
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Also, Buffett’s annual letters to shareholders are highly-recommended reading. There are collected here on Berkshire’s website.
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