After the Filing / Q3 2025 / Reviewed Oct 24, 2026

Berkshire Hathaway
After the filing.

One new common-stock position. Three possible entry dates. The complete Q3 cohort behind the Alphabet headline.

Portfolio snapshotSep 30, 2025

SEC accepted the filingNov 14, 202516:05:03 Eastern · after market close

First replay entryNov 17, 2025Next trading session’s close

Read this first

What belongs in this report?

Alphabet was the only newly reported common-stock security in the reviewed Q3 table. A complete report can be small: adding familiar holdings would change the selection rule.

At the 60-session exit, the first-session GOOGL entry gained 7.26%; the five-session wait lost 4.04%. That wait meant entering at a higher price; waiting one session was slightly cheaper and gained 7.54%. This is a follower’s hypothetical result, not Berkshire’s cost or return.

“New” means absent from the prior-quarter common-stock table. It does not establish a purchase date, purchase price or first public announcement.

All qualifying positions

What did waiting change?

Read across a case to compare entry dates.

Exit window for this comparison

Which result would you like to see?

“First session” means the next trading session’s closing price after the filing. Each case keeps its own exit date fixed, 60 sessions after that base entry. Waiting 1 or 5 sessions means holding for 59 or 55 sessions. All qualifying new common-stock positions in this report are included.

60-session exit window. Showing stock price changes. A minus sign means the stock lost value; SPY below each result shows the market over the same entry and exit dates.

GOOGL / Q3 2025

Alphabet

Berkshire Hathaway

Exit Feb 13, 2026

First session: +7.26%SPY +2.42%Entry Nov 17, 2025
Wait 1 session: +7.54%SPY +3.28%Entry Nov 18, 2025
Wait 5 sessions: -4.04%SPY +1.95%Entry Nov 24, 2025

What waiting 5 sessions changed The stock price change was 11.30 percentage points lower than entering at the first session’s close.

Every qualifying position from this selected manager-quarter is included. The manager and quarter were chosen with hindsight; this is not evidence that waiting usually works. These are hypothetical follower price changes, not the managers’ returns. Dividends, trading costs, taxes and slippage are excluded. Read the calculation method ↗

Follow the individual price paths.

Each replay includes the filing timeline, entry controls, a stock-versus-SPY chart and the daily closing prices.

Alphabet (GOOGL) — open the replay ↗

The inclusion ledger

Every position has a place.

115 SEC table rows combine into 41 distinct CUSIP/option pairs. Multiple rows for the same security are combined; different share classes and options remain separate. One position qualifies for the replay. Every other current position is accounted for below.

This ledger classifies the Q3 table. It is not a buy/sell history and does not list Q2 positions that disappeared. On a small screen, swipe the table sideways to see the decision column.

Inspect all 41 disclosed security/option pairs

Q3 2025 position classification · quantities are not purchase amounts
Issuer / security	CUSIP	Q3 quantity	Decision
ALLY FINL INCCOM	02005N100	29,000,000Shares	Already reported in Q2 — not a new common-stock position
ALPHABET INCCAP STK CL A	02079K305	17,846,142Shares	Included — new common-stock position
AMAZON COM INCCOM	023135106	10,000,000Shares	Already reported in Q2 — not a new common-stock position
AMERICAN EXPRESS COCOM	025816109	151,610,700Shares	Already reported in Q2 — not a new common-stock position
APPLE INCCOM	037833100	238,212,764Shares	Already reported in Q2 — not a new common-stock position
ATLANTA BRAVES HLDGS INCCOM SER C	047726302	223,645Shares	Already reported in Q2 — not a new common-stock position
BANK AMER CORPCOM	060505104	568,070,012Shares	Already reported in Q2 — not a new common-stock position
CAPITAL ONE FINL CORPCOM	14040H105	7,150,000Shares	Already reported in Q2 — not a new common-stock position
CHARTER COMMUNICATIONS INC NCL A	16119P108	1,060,882Shares	Already reported in Q2 — not a new common-stock position
CHEVRON CORP NEWCOM	166764100	122,064,792Shares	Already reported in Q2 — not a new common-stock position
COCA COLA COCOM	191216100	400,000,000Shares	Already reported in Q2 — not a new common-stock position
CONSTELLATION BRANDS INCCL A	21036P108	13,400,000Shares	Already reported in Q2 — not a new common-stock position
DAVITA INCCOM	23918K108	32,160,579Shares	Already reported in Q2 — not a new common-stock position
DIAGEO P L CSPON ADR NEW	25243Q205	227,750Shares	Depositary shares — outside common-stock scope
DOMINOS PIZZA INCCOM	25754A201	2,981,945Shares	Already reported in Q2 — not a new common-stock position
HEICO CORP NEWCL A	422806208	1,294,612Shares	Already reported in Q2 — not a new common-stock position
JEFFERIES FINL GROUP INCCOM	47233W109	433,558Shares	Already reported in Q2 — not a new common-stock position
KRAFT HEINZ COCOM	500754106	325,634,818Shares	Already reported in Q2 — not a new common-stock position
KROGER COCOM	501044101	50,000,000Shares	Already reported in Q2 — not a new common-stock position
LAMAR ADVERTISING CO NEWCL A	512816109	1,202,110Shares	Already reported in Q2 — not a new common-stock position
LENNAR CORPCL A	526057104	7,050,950Shares	Already reported in Q2 — not a new common-stock position
LENNAR CORPCL B	526057302	180,980Shares	Already reported in Q2 — not a new common-stock position
LIBERTY MEDIA CORP DELCOM LBTY LIV S C	531229722	10,917,661Shares	Already reported in Q2 — not a new common-stock position
LIBERTY MEDIA CORP DELCOM LBTY LIV S A	531229748	4,986,588Shares	Already reported in Q2 — not a new common-stock position
LIBERTY MEDIA CORP DELCOM SER C FRMLA	531229854	3,018,555Shares	Already reported in Q2 — not a new common-stock position
LOUISIANA PAC CORPCOM	546347105	5,664,793Shares	Already reported in Q2 — not a new common-stock position
MASTERCARD INCCL A	57636Q104	3,986,648Shares	Already reported in Q2 — not a new common-stock position
MOODYS CORPCOM	615369105	24,669,778Shares	Already reported in Q2 — not a new common-stock position
NVR INCCOM	62944T105	11,112Shares	Already reported in Q2 — not a new common-stock position
NUCOR CORPCOM	670346105	6,407,749Shares	Already reported in Q2 — not a new common-stock position
OCCIDENTAL PETE CORPCOM	674599105	264,941,431Shares	Already reported in Q2 — not a new common-stock position
POOL CORPCOM	73278L105	3,458,885Shares	Already reported in Q2 — not a new common-stock position
SIRIUS XM HOLDINGS INCCOMMON STOCK	829933100	124,807,117Shares	Already reported in Q2 — not a new common-stock position
UNITEDHEALTH GROUP INCCOM	91324P102	5,039,564Shares	Already reported in Q2 — not a new common-stock position
VERISIGN INCCOM	92343E102	8,989,880Shares	Already reported in Q2 — not a new common-stock position
VISA INCCOM CL A	92826C839	8,297,460Shares	Already reported in Q2 — not a new common-stock position
ALLEGION PLCORD SHS	G0176J109	780,133Shares	Already reported in Q2 — not a new common-stock position
AON PLCSHS CL A	G0403H108	4,100,000Shares	Already reported in Q2 — not a new common-stock position
LIBERTY LATIN AMERICA LTDCOM CL A	G9001E102	2,630,792Shares	Already reported in Q2 — not a new common-stock position
LIBERTY LATIN AMERICA LTDCOM CL C	G9001E128	1,284,020Shares	Already reported in Q2 — not a new common-stock position
CHUBB LIMITEDCOM	H1467J104	31,332,895Shares	Already reported in Q2 — not a new common-stock position

Download both reports’ full ledgers (CSV) ↓

Scope, evidence & limits

What “complete” means here.

Compare each manager’s Q3 2025 public information table with its Q2 2025 table. Group repeated rows by CUSIP and put/call type, retaining distinct share classes.
Include every newly reported non-option common or ordinary stock position. Exclude existing positions, options, preferred stock and depositary shares. These exclusions appear in the ledger; none depend on the later return.
The reviewed SEC filing histories contain no Q2 or Q3 2025 amendments for these managers. This is a review as of Oct 24, 2026, not automatic monitoring. Confidential holdings and earlier non-13F announcements can limit what “new” means.
Use the next trading session’s close as the first entry. Exit 20 or 60 sessions after that base entry. Waiting 1 or 5 sessions moves only the entry, shortening the holding period. SPY uses the same dates.
Price change = (exit close ÷ entry close − 1) × 100. Difference versus SPY is measured in percentage points. USD closing prices exclude dividends, costs, taxes and slippage; no recorded splits occur in these replay windows.

The managers and quarter were chosen with hindsight. A complete cohort within this scope is not a representative sample of all 13F positions. Results are hypothetical follower price changes, not fund returns or proof that disclosure caused a move. Both reports have complete 20- and 60-session windows. As of Oct 24, 2026, SEC records show no later Scion 13F; Berkshire has filed later quarterly reports that these pages do not cover.

Download both reports’ replay prices (CSV) ↓

Buteon Research · Reviewed Oct 24, 2026. Educational research, not an investment recommendation. The publisher/researcher has disclosed a GOOGL holding in Buteon’s Alphabet research.