Berkshire Hathaway released its 2nd quarter 10-Q and operating earnings this morning. Despite little activity on the capital allocation front, Berkshire’s key businesses produced generally solid profitability, and FAR BETTER than is being generally reported. A brief summary: 1/5

— Christopher Bloomstran (@ChrisBloomstran) August 2, 2025

Stunning. The 7 largest U.S. stocks reached a combined $20 trillion in market value, an unprecedented 37% of the S&P 500. That’s 55% larger than the index at its 2000 and 2007 peaks. It matches where the index first traded in April 2017 and larger than the March 2020 Covid low.… pic.twitter.com/QMYJjGI7TW

— Christopher Bloomstran (@ChrisBloomstran) July 31, 2025