Berkshire Hathaway (BRK.A, BRK.B), the conglomerate led by the legendary investor and the CEO that will soon become Warren Buffett, reported on Saturday that he had registered an elimination of almost $ 5 billion in the second quarter of Kraft Heinz’s shares.
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Berkshire, based in OMAHA, NEB., Reported Q2 operational profits that fell almost 4% year after year to $ 11,16 billion. The quarter ended with $ 344.1 billion in cash, equivalent in cash and short -term investments in the United States Treasury invoices, a bit of $ 347.7 billion in Q1.
Berkshire said in his quarterly presentation before the SEC that it is not clear how tensions related to commercial policy and tariffs will affect their businesses. “It is reasonably possible that there may be adverse consequences in the majority, if not all, of our operational businesses, as well as in our investments in capital values, which could significantly affect our future results,” said the company.
At Berkshire’s annual meeting on May 3, Buffett, the so -called “Omaha Oracle,” said he would resign from his role as CEO at the end of 2025, and recommended that Vice President Greg Abel assume the role. The Berkshire Board approved Abel as the next CEO of the company the next day.
Berkshire Hathaway’s class B actions have increased a little more than 4% since the beginning of the year, delaying the 6% gain by the S&P 500 reference index. Last year, Berkshire’s shares rose 27%, slightly exceeding the broader market.
