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

According to Cailian Press, Berkshire Hathaway's third-quarter operating profit reached $12.71 billion, down 5.8% year-on-year. The net profit attributable to shareholders in the third quarter was $22.112 billion, compared with $30.796 billion in the same period last year. Earnings per Class A equivalent common share in the third quarter stood at $15,502. Net investment income for the third quarter was $9.407 billion, versus $17.311 billion in the same period last year. As of September 30, the company's third-quarter cash holdings were $356.9 billion; its cash reserves increased from the previous quarter to $377.4 billion, hitting a new high. The company repurchased $9.6 billion worth of stocks in the third quarter. Additionally, Berkshire Hathaway stated 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.