In its latest quarterly report, Berkshire said the cost basis of its consumer products equity holdings fell by roughly $1.2 billion from the prior quarter.

For the fifth straight quarter, the firm declined to buy back its own shares, even after sliding 12% since May, when Buffett said he would step down as CEO by year's end.

In its latest quarterly report, Berkshire said the cost basis of its consumer products equity holdings fell by roughly $1.2 billion from the prior quarter.