Berkshire Hathaway has improved its relative performance after a stronger June, but it still trails the broader U.S. market in 2026. According to the report, the company’s Class B shares were down 1.8% for the year, leaving Berkshire 12.4 percentage points behind the S&P 500’s 10.7% gain. When dividends are included, the index’s lead widens to 13.1 percentage points.
The June rebound trimmed a large portion of Berkshire’s earlier deficit. At the start of the month, the gap had stood at 17.5 percentage points, the biggest underperformance margin for Berkshire so far this year. Even so, the second quarter remained difficult for the conglomerate, which rose a little more than 3% over the period, while the S&P 500 advanced about 16% on the back of technology strength.
That quarterly move also erased Berkshire’s narrow advantage at the end of March, when it was ahead of the benchmark by 1.8 percentage points. The report noted that Berkshire also lagged the S&P 500 last year, by 5.5 percentage points excluding dividends and by 7.0 percentage points including them.
Sun Valley appearance by Berkshire executives
The report also said Berkshire Hathaway CEO Greg Abel and portfolio manager Ted Weschler were among the attendees at Allen & Co.’s annual Sun Valley conference in Idaho. Warren Buffett, who regularly attended the event for many years, has not been there in recent years. The article recalled that Buffett used the conference in 1999 to warn that investors were expecting too much from the internet during the dot-com era.
Source: cnbc.com
