Berkshire Hathaway shares have risen 13.6% year to date, outperforming the S&P 500’s 7.8% gain as investors rotate away from high-flying technology stocks. Since October 1, the stock has climbed 14% while the S&P 500 has fallen about 4%, mirroring periods of major market upheaval. Berkshire’s investment gains, however, plunged 46% year over year to $9.4 billion in the third quarter. The company invested $2.4 billion in stocks and sold about $2.8 billion, while also repurchasing $9.6 billion of its own shares during the quarter and roughly $2 billion more in the first four weeks of the fourth quarter. Under new CEO Greg Abel, Berkshire continues to build on its traditional-business strategy and increased share buybacks, following its agreement to acquire homebuilder Taylor Morrison for $6.8 billion.
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