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.

What is Buffett’s legacy?Start the day smarter. Get all the news you need in your inbox each morning. Buffett took over Berkshire in 1965 with a value approach to investing. Value investing includes focusing on identifying and purchasing stocks that are trading below their perceived intrinsic or fair value.