Berkshire Hathaway: Q3 operating profit at $12.71 billion, 65% of equity investments concentrated in five companies.

BlockBeats news, November 7, according to Cailian Press, Berkshire Hathaway's third-quarter operating profit was $12.71 billion, a year-on-year decrease of 5.8%; third-quarter net profit attributable to shareholders was $22.112 billion, compared with $30.796 billion in the same period last year; third-quarter net earnings per Class A equivalent common share were $15,502; third-quarter net investment income was $9.407 billion, compared with $17.311 billion in the same period last year. As of September 30, the company's third-quarter cash holdings were $356.9 billion; cash reserves increased from the previous quarter, reaching $377.4 billion, a new record high. The company repurchased $9.6 billion of stock in the third quarter.

In addition, Berkshire Hathaway said that as of September 30, 65% of the total fair value of the company's equity investments was concentrated in Alphabet, American Express, Apple, Bank of America, and Coca-Cola.