Warren Buffett’s Berkshire Hathaway on Saturday reported operating earnings for the second quarter fell 3.77% from the same time last year.

Berkshire posted a 4% drop in operating profits for Q2. Warren Buffett's company was a net seller of stocks for the 11th quarter in a row.

Warren Buffett's company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll.