What happened

Berkshire Hathawayit’s ( BRK.A -0.22% )( BRK.B -0.29% ) Class B shares gained about 11.1% in March, according to data from S&P Global Market Intelligence. Meanwhile, its Class A shares climbed around 9.8% during the month.

BRK.A data by YCharts

After an 8.8% decline in February, the S&P500 the index climbed around 3.6% during the month and Berkshire stock benefited from positive market momentum. The investment conglomerate also appears to have benefited from its acquisition of an insurance company for $11.6 billion. Alleghenia ( Yes 0.92% )and its valuation hit an all-time high last month.

Image source: The Motley Fool.

So what

Berkshire Hathaway stock hit a new high in March, but the investment conglomerate’s new valuation high was not entirely driven by market momentum. The S&P 500 index is still down about 5.2% from its peak, while the Nasdaq Compound the index is trading down around 11.2% from its peak.

In addition to its stock portfolio, Berkshire also owns railroad operations, energy companies and insurance businesses. The combination of relatively strong performance from the company’s equity portfolio and its other segments has helped the investment conglomerate’s valuation to new highs despite broader market volatility. The market also appears to be quite bullish on the company’s acquisition of Alleghany.

Now what

Berkshire Hathaway delivered incredible performances under the leadership of Warren Buffett. The company’s Class A shares have soared more than 2,777,500% from their closing price of $19 a share when Buffett took over the former textile company in 1965, and shares now trade at 527,760. dollars per share.

For investors seeking diversified market exposure and the benefits of the company’s other businesses, Berkshire Hathaway shares continue to look like a worthwhile investment. Buffett, co-chairman Charlie Munger and the rest of the analyst team have proven adept at spotting attractive market opportunities, and the company has a huge stack of cash it can deploy whenever it wants.

Prior to its announcement of the Alleghany acquisition, Berkshire Hathaway held approximately $146.7 billion in cash, a record amount for the company. Buffett and the Berkshire team have kept an incredible amount of dry powder, and buying the company’s stock gives investors a way to benefit from their next purchases before the news hits.