Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), a diversified conglomerate operating insurance, railroad, energy and manufacturing businesses, slipped approximately 0.4% in Wednesday's regular session by 11:52 a.m. ET after gaining more than 2% Tuesday. UBS NYSE:UBS, a Swiss banking and wealth-management company, raised its price target for Berkshire's Class A shares to $877,848. Analyst Brian Meredith cited modest earnings improvement and lower catastrophe-related insurance losses when revising the target.
Berkshire's publicly traded equity portfolio was estimated at approximately $360 billion. Apple (AAPL), a consumer-technology company, represented about $77 billion, while Coca-Cola NYSE:KO, a global beverage producer, accounted for approximately $35 billion. Gains in those holdings helped support Tuesday's rally. However, Berkshire's two share classes had advanced only about 1% during 2026, compared with an approximately 9% increase for the S&P 500.
Berkshire held nearly $400 billion in cash, while Barron's estimated that the company may have repurchased approximately $8.5 billion of stock during the second quarter. If confirmed, that would represent one of Berkshire's largest quarterly buybacks. Its price-to-book ratio was approximately 1.4, below the 1.8 level reached in May 2025. Investors may now evaluate whether portfolio gains, insurance performance and share repurchases can close Berkshire's performance gap while management decides how to deploy its unusually large cash position.