Buffett's Berkshire Hathaway Outpaces S&P 500 With Best 2-Month Run Since 2010

When the going gets tough, the tough get going. This old adage rings true in today’s volatile markets, as Warren Buffett‘s Berkshire Hathaway Inc. BRK BRK is on track for its strongest two-month performance relative to the S&P 500 since 2010.

The Omaha-based conglomerate surged 10.3% in February 2025, marking its best month since March 2022, and has gained another 2.5% in March.

Meanwhile, the SPDR S&P 500 ETF Trust SPY, which tracks the broader market, declined 1.3% in February and has plunged nearly 5% in March.

This performance has widened Berkshire's outperformance over the S&P 500 to 20 percentage points since February, putting it on track for its best two-month run versus the index since February 2010.

In 2024, Berkshire Hathaway had only marginally outperformed the S&P 500 by 1.8 percentage points.

On Thursday, shares of Berkshire Hathaway Inc. New hit fresh record highs, closing at $528.73.

Buffett's Long-Term View Holds

The stock's momentum aligns with Buffett's long-standing investment philosophy, as outlined in Berkshire's latest annual letter to shareholders.

The 93-year-old billionaire emphasized the company's patient, long-term approach: “Over time, we think it highly likely that gains will prevail – why else would we buy these securities? – though the year-by-year numbers will swing wildly and unpredictably. Our horizon for such commitments is almost always far longer than a single year. In many, our thinking involves decades. These long-termers are the purchases that sometimes make the cash register ring like church bells.”

Buffett also highlighted Berkshire's role as a major taxpayer, noting that the company has paid more in corporate income tax than any other U.S. firm in history, including tech giants with trillion-dollar valuations. In 2024 alone, Berkshire made four payments to the IRS totaling $26.8 billion, accounting for about 5% of all corporate taxes paid in the U.S.

Berkshire's Top Holdings

According to Berkshire's latest 13F filing as of December 2024, Apple Inc. AAPL remained its largest holding, representing 28.1% of the company's portfolio. This was followed by American Express Co. AXP at 16.8% and Bank of America Corp. BAC at 11.2%.

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