Berkshire shares suffer longest losing streak in more than 7 years
CNBC • • business
Key Points:
- Berkshire Hathaway shares have declined for eight consecutive days, marking their longest losing streak since December 2018, with Class A shares down 4.7% and Class B shares down 4.9% since March 17, amid rising energy prices and global uncertainty related to the Iran war.
- The S&P 500 has also fallen 5.2% over the same period and is on a five-week losing streak, while Berkshire's year-to-date losses of nearly 7% closely track the benchmark index's decline.
- Berkshire's recent investment in Japan's Tokio Marine Holdings has surged over 24% this week, with Berkshire's National Indemnity acquiring a nearly 2.5% stake for $1.8 billion, marking a strategic partnership expected to foster medium- to long-term growth for both companies.
- The partnership includes collaboration in reinsurance and strategic investments globally, with Tokio Marine noting strong alignment in corporate culture and values, and Berkshire allowed to increase its stake up to just under 10% through open-market purchases.
- Berkshire continues to build on its successful Japanese investments, with stakes in major trading houses up 42% to 124% over the past year, and has resumed stock repurchases as of March 4, 2026, despite recent stock price declines.
