Buffett, the god of stock, has a famous saying: "only when the tide fades, do you know who is swimming naked." As now, it is clear who is swimming naked in the S & P 500.

With its share price up 3.31% so far this year, Buffett's Berkshire Hathaway (Berkshire) has re-emerged as the fifth largest company by market capitalization in the s & p 500 index (eighth in January).

Berkshire's market capitalization has risen by $18 billion this year to $683.4 billion; it has surpassed Tesla, Inc., NVIDIA Corp and Meta this year, and Berkshire's market capitalization was previously lower than those of the three companies.

Whitney Tilson, an analyst at Imperial Financial Research, said:

Overall, Berkshire's financial performance continues to be impressive and the company's intrinsic value continues to grow. "

The market capitalization exceeds that of the Internet giant.

Berkshire's market capitalization now exceeds that of three companies that easily overtook it in January. This includes Tesla, Inc., Musk's electric car company.

Tesla, Inc. 's share price has fallen nearly 46% so far this year, resulting in a market capitalization loss of more than $500 billion. That reduced the company's market capitalization to $602.9 billion, just sixth behind Berkshire in the S & P 500. In January, the company ranked fifth, ahead of Berkshire, which ranked eighth.

NVIDIA Corp, a high-tech computer chip designer, is also falling in the rankings.

So far this year, the company's share price has fallen more than 44%, and its market capitalization has shrunk by more than $320 billion to $405.7 billion. In January, the company ranked seventh and now ranks 11th.

But the most unexpected is Mark Zuckerberg's Meta. As recently as January, the company had a market capitalization of $935.6 billion, ranking sixth in the s & p 500 index, but lost nearly $600 billion as its share price fell 66% this year. Today, Meta ranks 20th in the S & P 500 by market capitalization.

Beat the Standard & Poor's 500 Index

The more he is in a bear market, the more Buffett reminds investors why he is still a legend.

Berkshire's shares have outperformed the S & P 500 again this year. This year's gains have far outpaced the 16% decline in the S & P 500.

Berkshire's share price has risen 265.99 per cent over the past decade, surpassing the 177 per cent rise in the s & p over the same period, according to S&P Global Inc. market intelligence.

Continue to bottom out, Berkshire spent $9 billion on stocks in the third quarter

According to the 13F report released by Berkshire on November 14, Berkshire spent $9 billion to build three stocks in the third quarter, namely, Taiwan Semiconductor Manufacturing Co Ltd 60.06 million shares and the United States.Building materials manufacturer Louisiana-Pacific5.79 million shares and 434,000 shares of Jefferies, a financial company.

Spending $4.1 billion to build Cangtai SMC is Berkshire's rare big foray into the technology industry. Taiwan Semiconductor Manufacturing Co Ltd has been falling since mid-January and its share price has fallen 40 per cent.

In addition, Berkshire increased its holdings in Western Oil companies and Chevron Corp in the third quarter, and reduced its holdings in General Motors Co. Berkshire still held heavy positions in the third quarter, including Apple Inc, Bank of America Corporation, Chevron Corp, Coca-Cola Company and American Express Co.