Berkshire Hathaway (NYSE:BRK.A) shares rose more than 2% on early Monday after the conglomerate posted a 34% year-on-year jump in operating profit for the third quarter, according to the company's quarterly report.

Berkshire Hathaway has a record-high cash reserve of $381.7 billion after increasing its third-quarter earnings by 34% from a year ago, the firm reported.

Berkshire Hathaway is holding a record $381.7 billion in cash, signaling a cautious approach to equity markets as the company continues to be a net se

Warren Buffett's Berkshire Hathaway reported a 34% rise in operating profit in the third quarter to $13.49bn, according to results released on Saturday. Net earnings attributable to shareholders grew to $30.

The Oracle of Omaha's retirement at the end of this year isn't the biggest concern for Berkshire Hathaway shareholders.

The conglomerate sold $12.5 billion of stock in the latest period and bought $6.4 billion, marking the 12th consecutive quarter of net selling.

The conglomerate inches closer to Warren Buffett’s retirement as CEO with a record cash pile.

Berkshire Hathaway has a $1 trillion market cap but should continue to be a steady compounder. Broadcom is looking a little overvalued and could underperform. If Berkshire keeps delivering strong returns, it could surpass Broadcom by the end of 2030.