The continued pause on buybacks comes as Berkshire shares have lagged the broader market recently. Berkshire’s stock has risen only 5% in the year to date, versus a 16% rise for the S&P 500 over the same span. During the third quarter, Berkshire’s stock advanced 3.5%, about half the gain seen for the S&P 500 over that period.

U.S. stocks closed higher Friday, with shares of Amazon surging following its quarterly earnings results. The Dow, S&P 500 and Nasdaq ended October with monthly gains despite the government shutdown.

The first 10 months of 2025 have been rather quiet when it comes to stock splits, but we're starting to see more activity. In fact, so far in the third-quarter earnings season, we've seen two major stock split announcements from major tech companies.