Berkshire Hathaway shares reached new records, but their weekly advance was modest, with the Class A stock closing at $815,600 after hitting an intraday high of $824,765. The group ended October with an 8.9% gain, compared with declines of 0.9% for the S&P 500 and 5.3% for the Nasdaq Composite, as investors moved away from technology stocks linked to artificial intelligence. Its stake in Alphabet fell by about $10.4 billion from its August peak of $40 billion, following a 13% drop in the shares and a third-quarter report showing negative free cash flow of $9.1 billion. Coca-Cola became the third-largest publicly traded equity holding, valued at $37.6 billion. Berkshire also sold $69 million of DaVita shares to keep its ownership stake at 45% or less under the agreement reached in 2024.
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