Berkshire Hathaway Class B Rises on Earnings, Buyback; Burry Stays Out
What happened
Berkshire Hathaway reported strong quarterly earnings, sending Class B shares higher on the session. The company also executed a significant share repurchase program alongside the results. Notably, Michael Burry — the Scion Asset Management founder known for his contrarian macro calls — did not establish or add a position in the company, according to disclosures reviewed by CNBC. Shares rose on the earnings and buyback news despite Burry's absence from the shareholder register.
The QL Read
With market breadth running risk-off at 39.1% advancing, BRK.B's defensive earnings profile and buyback activity align with its composite signal of 72/100 (bullish) and a +2.31% day gain — outperforming a tape where declining issues outnumber advancers nearly 3-to-2.
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