Famous Investors Face a Nov. 16 Holdings Deadline While Recent Filings Fill In the Gap

The upcoming holdings reports will describe Sept. 30 positions, rather than portfolios on the day the reports appear.

Rhea-AI Summary

Berkshire Hathaway (NYSE: BRK.B) reported lower third-quarter operating earnings as investors await the Nov. 16 deadline for third-quarter 2026 holdings reports. Operating earnings were $12,705 million, versus $13,485 million a year earlier. Berkshire repurchased approximately $9.6 billion of shares during the quarter and held $336.7 billion in short-term U.S. Treasury bills at Sept. 30.

Gregory Abel signed Berkshire's quarterly certification as President and Principal Executive Officer; Warren Buffett became Chairman Emeritus, and Howard Buffett was elected Chairman. Among companies linked to Berkshire and Pershing Square holdings, Apple reported fiscal fourth-quarter revenue growth of 12%, while SiriusXM raised its 2026 outlook. Howard Hughes reported a $1.1 million loss attributable to common stockholders and plans an asset-light transition. Restaurant Brands reported third-quarter system-wide sales growth of 6.2%.

18 points · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointHoward Hughes raised $1.0 billion through its June 4 preferred-stock subscription agreement with a Pershing Square affiliate.
• Moderate pointBerkshire repurchased approximately $9.6 billion of shares in the third quarter, bringing nine-month repurchases to about $14.4 billion.
• Moderate pointApple fiscal fourth-quarter revenue rose 12% year over year to $114.5 billion.
• Moderate pointApple fiscal fourth-quarter diluted EPS rose 14% to $2.10, including a favorable $0.05 tariff-refund impact.
• Moderate pointApple returned $28 billion to shareholders during its fiscal fourth quarter.
• Moderate pointSiriusXM third-quarter net income increased 7% to $317 million.
• Moderate pointSiriusXM third-quarter free cash flow increased 14% to $293 million.
• Moderate point. Forward-looking: it has not happened yet and may not happen.SiriusXM raised 2026 revenue guidance by $25 million to approximately $8.55 billion.
• Moderate pointHoward Hughes third-quarter operating assets net operating income, including unconsolidated ventures, increased 8% to $73.0 million.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Howard Hughes plans an asset-light development and asset management platform, monetizing selected properties through sales and joint ventures.
• Moderate pointRestaurant Brands third-quarter system-wide sales grew 6.2%, including 9.0% in International.
• Moderate pointRestaurant Brands third-quarter diluted EPS from continuing operations rose to $1.54, versus $0.96 a year earlier.
• Moderate pointRestaurant Brands returned $1.3 billion through dividends and share repurchases year to date.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Restaurant Brands expects to remain on track for 8% organic adjusted operating income growth in 2026.

4 minor points

• Minor pointApple fiscal 2026 revenue reached an all-time record $479 billion.
• Minor point. Forward-looking: it has not happened yet and may not happen.SiriusXM raised 2026 adjusted EBITDA guidance by $25 million to approximately $2.65 billion.
• Minor point. Forward-looking: it has not happened yet and may not happen.SiriusXM raised 2026 free cash flow guidance by $25 million to approximately $1.40 billion.
• Minor pointRestaurant Brands third-quarter global comparable sales grew 3.8%, including 8.4% at Burger King US.

Negative

• Major pointHoward Hughes issued 140,000 Series A preferred shares for $1.0 billion, adding preferred equity to its capital structure.
• Moderate pointBerkshire third-quarter operating earnings fell to $12,705 million from $13,485 million a year earlier.
• Moderate pointHoward Hughes recorded a $1.1 million common-stockholder net loss, versus $119.5 million net income a year earlier.
• Minor pointSiriusXM third-quarter revenue declined slightly year over year to $2.15 billion.

News Explained

Howard Hughes received one billion dollars for preferred shares; the Nov. 16 filings will show Sept. 30 positions, not live holdings.

The third-quarter 2026 Form 13F reports are due Monday, Nov. 16, 2026, for the quarter ended Sept. 30, 2026. They report quarter-end holdings, omit short positions, and do not show what managers own on the filing date.

Howard Hughes reported that on June 4 it sold 140,000 Series A preferred shares to a Pershing Square affiliate for $1.0 billion.

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Key Figures

Form 13F deadline: Nov. 16, 2026 Filing window: 45 days

Form 13F deadline

Nov. 16, 2026

Due date for third-quarter 2026 holdings reports

Filing window

45 days

SEC guidance for filing after a calendar quarter ends

Key Terms

form 13f, 10-q, adjusted ebitda, series a preferred stock

4 terms

form 13f regulatory

"Form 13F holdings reports for the quarter"

A Form 13F is a quarterly filing that large investment managers must submit to disclose their holdings in publicly traded stocks and certain other securities. It acts like a peek into the portfolios of big investors, helping other market participants see what large players are buying or selling and offering clues about investment trends, crowded trades, and potential market impact.

10-q regulatory

"published its third quarter 2026 results on Nov. 7 and filed its 10-Q on Nov. 9"

A 10-Q is a company’s required quarterly filing with U.S. regulators that provides updated financial statements, management discussion of results, and disclosures about risks, legal matters and operational changes. Think of it as a quarterly report card and progress update that lets investors track recent performance, spot trends or warning signs between annual reports, and make informed buy/sell decisions based on the latest verified financial and business information.

View in glossary

adjusted ebitda financial

"approximately $2.65 billion in adjusted EBITDA"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

series a preferred stock financial

"140,000 shares of Series A preferred stock"

Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Nov. 11, 2026 /PRNewswire/ -- Market Updates News Commentary - Investors who follow Warren Buffett, Bill Ackman and Michael Burry by the paperwork they leave behind have a date circled. Under the Securities and Exchange Commission's published schedule, Form 13F holdings reports for the quarter that ended Sept. 30, 2026 are due Monday, Nov. 16. Until those arrive, the latest 13F reports on file from the firms tied to two of them cover June 30, the filing history of the third stops in late 2025, and companies connected to those filings have reported results over the past two weeks. Active Companies from around the markets with current developments this week include: Berkshire Hathaway Inc. (NYSE: BRK.B), Apple Inc. (NASDAQ: AAPL), Sirius XM Holdings Inc. (NASDAQ: SIRI), Howard Hughes Holdings Inc. (NYSE: HHH), and Restaurant Brands International Inc. (NYSE: QSR).

What a 13F shows, and what it leaves out

According to the SEC staff's frequently asked questions about Form 13F, each report is due within 45 days after the end of a calendar quarter, and when that deadline falls on a weekend or holiday it moves to the first business day after. The 45th day after Sept. 30 is Saturday, Nov. 14, and the SEC lists Monday, Nov. 16, 2026 as the deadline for the third quarter of 2026.

The same guidance says a 13F lists the issuer, the class of security, the number of shares owned and their fair market value as of the end of the calendar quarter, and that short positions are not included. That means the reports due next week will describe holdings as of Sept. 30, not what any manager owns on the day a report is posted.

Berkshire reports under a new leadership lineup

Berkshire Hathaway Inc. (NYSE: BRK.B) published its third quarter 2026 results on Nov. 7 and filed its 10-Q on Nov. 9. Operating earnings were $12,705 million, compared with $13,485 million a year earlier, and the company said it acquired approximately $9.6 billion in treasury shares during the quarter, bringing the nine-month total to about $14.4 billion. Insurance float was approximately $178.5 billion at Sept. 30.

The 10-Q's certification was signed by Gregory E. Abel as President and Principal Executive Officer, and a Sept. 18 release on Berkshire's website is titled "Warren E. Buffett Becomes Chairman Emeritus, Remains Director; Howard G. Buffett Elected Chairman." The 10-Q shows purchases of equity securities of $41,771 million and sales of $30,572 million in the first nine months of 2026, along with $336.7 billion of short-term investments in U.S. Treasury Bills on the Insurance and Other balance sheet at Sept. 30.

Two Berkshire holdings with fresh numbers

Berkshire's 10-Q names Apple Inc. (NASDAQ: AAPL) among its five largest holdings at Sept. 30, 2026, and Berkshire's 13F for June 30 lists 227,917,808 Apple shares, the same count as in its March 31 report. Apple's fiscal fourth quarter results, released Nov. 2 for the quarter ended Sept. 26, showed revenue of $114.5 billion, up 12 percent year over year, and diluted earnings per share of $2.10, up 14 percent, including a favorable impact of $0.05 from tariff refunds.

Apple's release cited all-time record revenue of $479 billion for fiscal 2026 and $28 billion returned to shareholders during the quarter. Apple's board of directors also declared a cash dividend of $0.27 per share, payable on Nov. 16, 2026, to shareholders of record as of the close of business on Nov. 12, 2026.

The same June 30 report lists 124,807,117 shares of Sirius XM Holdings Inc. (NASDAQ: SIRI), unchanged from March 31. In its third quarter 2026 results on Oct. 29, the company reported revenue of $2.15 billion, down slightly year over year, which it said primarily reflected lower equipment revenue due to higher memory costs. Net income increased 7% to $317 million and free cash flow increased 14% to $293 million.

SiriusXM raised its full year 2026 guidance for the second consecutive quarter, lifting each of its three key financial metrics by $25 million, to approximately $8.55 billion in revenue, approximately $2.65 billion in adjusted EBITDA and approximately $1.40 billion in free cash flow.

Reading filings like these is one half of the job; reading the chart is the other. Our sister site, Stock Preachers, offers Knowledge is Power, a free 27-page guide in 10 chapters that covers both skills in plain English, along with The Roadmap every Monday, Wednesday and Friday. Get the free guide here.

Ackman's filings point to two operating companies

Bill Ackman is CEO of Pershing Square Inc., according to its Nov. 2 third quarter release, which describes Pershing Square Capital Management, L.P. as a wholly owned subsidiary. For June 30, 2026, Pershing Square Capital Management filed a 13F notice stating that its holdings are now included in the report of its public parent company, Pershing Square Inc. That report, filed Aug. 14, is the most recent 13F on file for Pershing Square Inc.

It lists two entries in Howard Hughes Holdings Inc. (NYSE: HHH) common stock totaling 27,852,064 shares. Howard Hughes' 10-Q describes Pershing Square as a related party because of its ownership interest and its representation on the board, and says that on June 4 it entered into a subscription agreement under which it issued and sold 140,000 shares of Series A preferred stock to an affiliate of Pershing Square for $1.0 billion. In third quarter 2026 results released Nov. 5, Howard Hughes reported a net loss attributable to common stockholders of $1.1 million, compared with net income of $119.5 million a year earlier.

The company said Total Operating Assets NOI, including contributions from unconsolidated ventures, increased 8% to $73.0 million, and it announced an intention to transition its real estate model to an asset-light real estate development and asset management platform by monetizing select real estate assets through asset sales and joint ventures.

The same Pershing Square report lists 25,821,284 shares of Restaurant Brands International Inc. (NYSE: QSR), which owns the Tim Hortons, Burger King, Popeyes and Firehouse Subs brands. In its third quarter 2026 results on Oct. 29, the company reported consolidated system-wide sales growth of 6.2%, including 9.0% in International, and global comparable sales of 3.8%, including 8.4% at BK US.

Diluted earnings per share from continuing operations were $1.54, compared with $0.96 a year earlier, and adjusted diluted earnings per share were $1.10, compared with $1.03. The company said it has returned $1.3 billion of capital to shareholders year to date through dividends and share repurchases and remains on track for 8% organic adjusted operating income growth in 2026.

Where the Burry paper trail ends

Scion Asset Management, LLC, whose most recent 13F was signed by Michael J. Burry as Chief Executive Officer, is a different case. Its EDGAR filing index lists a Form 13F filed Nov. 3, 2025 for the quarter ended Sept. 30, 2025 as its most recent filing, and no later filing appears on the index as of Nov. 10, 2026. That report reflects positions as of Sept. 30, 2025, so it does not describe holdings at any date in 2026.

For readers who want to line up a filing date with a price chart, the free Knowledge is Power guide from Stock Preachers walks through reading the news and reading the chart, and it comes with The Roadmap every Monday, Wednesday and Friday. https://market-updates.com/sp/

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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When are Berkshire and other managers' third-quarter 2026 Form 13F holdings reports due?

The third-quarter 2026 Form 13F deadline is Monday, Nov. 16, 2026. Reports cover holdings as of Sept. 30. The usual deadline is within 45 days after quarter-end, but the 45th day falls on Saturday, Nov. 14, moving the deadline to the next business day.

What Apple and SiriusXM positions did Berkshire's latest available 13F show?

Berkshire's June 30, 2026 report listed 227,917,808 Apple shares and 124,807,117 SiriusXM shares. Both counts were unchanged from March 31. Separately, Berkshire's third-quarter quarterly report named Apple among its five largest holdings at Sept. 30, without providing a new Apple share count in this commentary.

What Howard Hughes and Restaurant Brands holdings did Pershing Square report?

Pershing Square's June 30, 2026 report listed 27,852,064 Howard Hughes common shares across two entries and 25,821,284 Restaurant Brands shares. Pershing Square Capital Management's holdings were included in its public parent Pershing Square's report, filed Aug. 14.

Does Michael Burry's latest available Scion 13F show 2026 holdings?

No. Scion Asset Management's most recent listed 13F was filed Nov. 3, 2025, covering positions as of Sept. 30, 2025. No later filing appeared on its EDGAR index as of Nov. 10, 2026. More generally, Form 13F reports omit short positions and show quarter-end holdings, not current portfolios.

When will Apple pay its declared November 2026 dividend?

Apple's declared cash dividend of $0.27 per share is payable Nov. 16, 2026, to shareholders of record at the close of business on Nov. 12, 2026.