I caught up with 20 Berkshire shareholders at a bar, picnic, run, and brunch in Omaha, Nebraska. Some were devastated, while others had high hopes.

Other fund managers also hold major stakes in Berkshire Hathaway Class B shares. BlackRock owns nearly 111.6 million Class B shares, roughly 8.3% of the total outstanding shares. State Street Corporation ranks high on the list as well, with nearly 71.7 million Class B shares making up 5.35% of the total.

OMAHA, Neb. (AP) — Billionaire Warren Buffett will remain with Berkshire Hathaway as chairman of the board when vice chairman Greg Abel takes over as CEO to begin 2026.