Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett’s massive cash hoard
Greg Abel began deploying Berkshire’s cash hoard with a $10 billion Alphabet stake, $4.5 billion in buybacks and nearly $20 billion in net equity purchases.
- On Saturday, Berkshire Hathaway reported second-quarter operating earnings climbed 16% to $12.98 billion as CEO Greg Abel began deploying cash, which shrank to $365.5 billion from $397.4 billion.
- Abel is accelerating capital deployment, marking a shift from the net-selling strategy Berkshire maintained for 14 consecutive quarters before becoming a net buyer of equities with nearly $20 billion in purchases.
- Alphabet Inc. joined Berkshire's top five equity holdings after a $10 billion investment to support artificial intelligence, placing it alongside longtime stakes in Apple and Coca-Cola.
- Repurchasing approximately $4.5 billion of its own shares during the quarter, Berkshire provided shareholders with the largest quarterly payout since 2021, followed by over $3.3 billion in July.
- In July, Berkshire completed a $6.8 billion acquisition of homebuilder Taylor Morrison Home Corp., demonstrating Abel's strategy of utilizing cash reserves to expand the conglomerate's diverse business portfolio.
84 Articles
84 Articles
Berkshire Hathaway Breaks 14-Quarter Selling Streak as Greg Abel Deploys Buffett's $397B Cash Pile
For 14 consecutive quarters, Berkshire Hathaway did the same thing: sell more stocks than it bought. Warren Buffett told investors he could not find values in the equity market. The cash pile swelled to $397.4 billion, the largest reserve in corporate America. That streak ended in Q2 2026. Berkshire’s second-quarter earnings, released August 8, reveal that CEO Greg Abel purchased nearly $20 billion more in equities than he sold during the quarte…
Buffett’s Successor at Berkshire Puts Mammoth Cash Pile to Work
With new-ish CEO Greg Abel more than seven months into the job, investors still appear to view Berkshire Hathaway as “Old Reliable.” Shares in the $1.1 trillion conglomerate advanced 3.5% in the past month as an AI selloff prompted rotations into familiar safe havens. But even as he’s made a series of deals that align with classic Berkshire strategy, Abel is beginning to put his own stamp on the company. On Saturday, Berkshire reported that it d…
Warren Buffett's Successor Greg Abel Uses Berkshire's $365B Cash Pile to Break 14-Quarter Selloff Streak
After taking over from Warren Buffett at the beginning of this year, the new CEO of Berkshire Hathaway, Greg Abel, carried out some serious spending on stocks, share repurchases, and acquisitions. For the three months ended 30th June, Berkshire Hathaway's cash reserves fell 8% to $365.4 billion from $397.4 billion a quarter earlier. Part of that spending was for $4.5 billion of Berkshire share buybacks, which is much higher than the $235 million…
Berkshire Hathaway accelerates buybacks, lowers cash stake as profit tops forecasts
Berkshire Hathaway said it began reducing its enormous stockpile of cash in the second quarter, investing billions of dollars in stocks such as Alphabet and repurchasing billions of its own, as it reported higher-than-expected profit.
Berkshire Hathaway. Warren Buffett's investment company bought more shares under its new boss Greg Abel for the first time in years than sold them.
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