Berkshire Hathaway (BRK.A.US) hit an all-time high, with A shares up 17.2% so far this year.

Shares of Berkshire Hathaway (BRK.A.US, BRK.B.US) hit an all-time high. The A shares of the company rose 1.66% to $639,500 on Friday, above the record of $634,440 set on March 28.

The stock has risen 17.2% since the beginning of 2024, slightly below the S&P 500's 18.5% total return. The B shares rose 1.1% to $423 on the same day.

The company is valued at about $91.4bn and Mr Buffett owns about 15% of the company, or 207,964 A shares worth $133bn.

The stock has been boosted recently by a rebound in value stocks, which have lagged growth stocks this year. Berkshire Hathaway is the largest component of the Russell 1000 Value Index, which is made up of the value stocks of the top 1000 companies by market capitalization.

The A shares are still below the intraday high of about $647,000 set after the company's first-quarter earnings report on Feb. 26.

The company's $400bn stock portfolio has been driven largely by the rise in Apple (AAPL.US), which makes up more than 40% of the portfolio. Apple shares rose 1.31% to $230.54 on Friday, up 35% since the end of the first quarter. Berkshire Hathaway's price/earnings ratio is about 22 times expected earnings for 2024, slightly below the S&P 500's 23 times.