Five things Berkshire’s Q3 2026 filings will show, each with the record so far and what the shareholder letters said about the same kind of move. This page says what the filings will show, never what they should.
Expected: 10-Q around November 7, 13F by mid-November 2026. Every figure below is from Berkshire’s filings through Q2 2026, as on Q2 2026, against the record.
What to watch
Cash and T-bills
The record so far
At June 30, 2026, Berkshire held $365.5B in cash, cash equivalents and U.S. Treasury Bills, down from $397.4B at March 31, 2026, which is the largest figure in this record. Q1 2026 10-QQ2 2026 10-Q
What the filing will show
At September 30: above or below $365.5B?
What the letters said
1994Claim
A fat wallet, however, is the enemy of superior investment results.
In Q2 2026, Berkshire bought $23.5B of equities and sold $3.7B: a net buyer, +$19.8B, the first quarter of net buying after 14 quarters of net selling (Q4 2022 to Q1 2026). Q2 2026 10-Q
What the filing will show
In Q3 2026: net buyer or net seller?
What the letters said
2006Claim
Be fearful when others are greedy, and be greedy when others are fearful.
Berkshire repurchased $235M of its stock in Q1 2026 and $4.5B of its stock in Q2 2026, after six quarters with none (Q3 2024 to Q4 2025). Q1 2026 10-QQ2 2026 10-Q
What the filing will show
In Q3 2026: repurchases, or none?
What the letters said
2016Conditional
For continuing shareholders, however, repurchases only make sense if the shares are bought at a price below intrinsic value.
Q2 2026's 13F added D R HORTON INC and no longer listed CONSTELLATION BRANDS INC. Its five largest holdings were 71.9% of its reported value. Q2 2026 13F
What the filing will show
Q3 2026's 13F: which issuers come and go, and is the five largest holdings' share above or below 71.9%?
What the letters said
1993Conditional
a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business