As of mid-2026, Berkshire Hathaway's B shares are down 1.8% year-to-date and trail the S&P 500's 10.7% gain by 12.4 percentage points (including dividends, the S&P is up 11.4%, giving it a 13.1 percentage point lead).
A strong June for Berkshire erased almost a third of its 17.5 percentage point deficit as of June 1, its biggest losing margin of the year so far.
Despite that June bump, however, it has been a tough Q2 for Berkshire with a gain of just over 3% compared to the benchmark's strong tech-driven 16% advance, completely erasing what was a slim 1.8 percentage point Berkshire lead at the end of March.
Last year, Berkshire underperformed the S&P by 5.5 percentage points excluding dividends, with a deficit of 7.0 percentage points including dividends.
Berkshire Executives Spotted at Exclusive Sun Valley Conference
Berkshire Hathaway CEO Greg Abel and portfolio manager Ted Weschler are attending the ongoing "Billionaire Summer Camp" in Sun Valley.
They are listed among attendees in a Forbes article, which includes names like Jeff Bezos, Mark Zuckerberg, and Sam Altman:
Greg Abel and Ted Weschler at the annual Allen & Co. conference.
