BRK is an acronym that stands for Berkshire Hathaway Inc., a multinational conglomerate holding company. It was founded by notable American investor and philanthropist Warren Buffett. As of July 2021, Berkshire Hathaway is among the largest publicly traded companies globally.
Berkshire Hathaway is primarily engaged in various business activities, including insurance, utility companies, manufacturing, railroad, energy, and investing in publicly traded stocks and other securities. The company operates through several subsidiaries, each having considerable autonomy in their operations, while being under the overarching management of Berkshire Hathaway.
Furthermore, BRK, when used as a stock ticker symbol, represents the publicly traded shares of Berkshire Hathaway on various stock exchanges. It is worth noting that Berkshire Hathaway has two classes of stock, namely Class A and Class B. BRK.A typically represents the shares of the company's Class A common stock, whereas BRK.B represents the Class B common stock. The primary difference between these two classes of stock lies in the voting rights they provide to their shareholders.
Due to Warren Buffett's successful investment track record, Berkshire Hathaway has gained significant recognition and receives considerable attention from investors and the financial industry. Many shareholders and market observers closely follow BRK as an indicator of the health and performance of the larger conglomerate.
