Berkshire Hathaway became a net buyer of stocks in the second quarter, ending a 14-quarter selling streak under new CEO Greg Abel. The conglomerate purchased nearly $23.5 billion in stocks and sold only about $3.7 billion, resulting in net purchases of roughly $20 billion. A $10 billion private placement in Alphabet was a key driver, making it a top-five position in Berkshire's $355 billion equities portfolio. Berkshire also repurchased about $4.5 billion of its own stock, a significant increase after no buybacks in 2025 and only $2.9 billion in 2024. The company's cash hoard declined from over $397 billion to $365.5 billion as Abel began deploying capital, though the author cautions that the moves may not constitute a screaming buy signal given elevated market valuations.
Berkshire Hathaway IncBerkshire repurchased $4.5B of its own stock and became a net buyer, deploying capital.
Alphabet Inc Class CBerkshire made a $10B private placement in Alphabet, making it a top-five position.
