Berkshire Shares Rise to Highest Since Abel Replaced Buffett After Stock Buybacks, Strong Earnings
- Berkshire Hathaway switched to net buying of stocks for the first time in 14 quarters, with CEO Greg Abel leading a net increase of $20 billion in equity holdings.
- The conglomerate repurchased $4.5 billion of its own stock between April and June, then spent over $3.3 billion more on buybacks in July, accelerating a strategy shift following a nearly two-year hiatus.
- Alphabet became a key holding following a $10 billion investment announced in June, while Berkshire Hathaway's cash reserves declined to $365.5 billion from $397.4 billion as of March 31.
- Gabelli Funds portfolio manager Macrae Sykes said material repurchases "provide confidence for shareholders that some of the best corporate capital allocators see current value."
- While Berkshire Hathaway Energy profits rose 27%, Geico underwriting profits fell 45% amid macroeconomic uncertainty, signaling mixed operational performance across the conglomerate's portfolio.
29 Articles
29 Articles
Michael Burry Calls Time on Berkshire Hathaway, Says It Has Lost Buffett's 'Fat Pitch' Discipline
Michael Burry says Berkshire Hathaway no longer has the 'fat pitch' patience that defined Warren Buffett's investing, and has written off the company as an attractive bet under new chief executive Greg Abel. The investor behind the famous wager against the US housing market said he has lost faith in Berkshire since Buffett stepped down, arguing that Abel's early capital-allocation moves point to a different approach from his predecessor. Burry S…
BN Daybreak: Oil rallies; Anthropic deal; Intel $20B sale; Berkshire buybacks
Listen hereToday's BizNews Daybreak covers Donald Trump’s stance on Iran and rising oil prices driving Brent crude past $87. Tech highlights include Anthropic’s $9.1 billion data center deal with Riot Platforms, Intel raising $20 billion through share sales, and security risks of rogue AI models. Plus, Berkshire Hathaway accelerates share buybacks to $4.5 billion.Sign up for your early morning brew of the BizNews Insider to keep you up to speed …
US Stock Market: Berkshire shares rally on strong Q2 results, accelerating capital deployment
Berkshire Hathaway shares hit their highest level since Warren Buffett announced his CEO departure in 2025 after successor Greg Abel accelerated capital deployment. Cash fell to $364.7 billion as Berkshire repurchased $4.5 billion of shares and invested $23.5 billion in stocks. Strong second-quarter profits and revenue growth further boosted investor confidence.
Berkshire Hathaway’s New CEO Greg Abel Spends a Chunk of the Company’s Massive Cashpile
OMAHA, Neb. (AP) — Berkshire Hathaway’s new CEO Greg Abel spent a significant chunk of the company’s massive pile of cash as it invested $10 billion in Google’s parent company and repurchased about $4.5 billion of its shares. The conglomerate that legendary investor Warren Buffett built reported its second-quarter earnings Saturday morning and disclosed that […]
Berkshire shares rise to highest since Abel replaced Buffett after stock buybacks, strong earnings
By Jonathan Stempel Aug 10 (Reuters) - Berkshire Hathaway shares rose on Monday to their highest level since Warren Buffett announced his departure as chief executive in May 2025, after his successor Greg Abel began spending the conglomerate's huge c...
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