Berkshire Hathaway Flips Back to Net Buying After Fourteen Quarters of Selling
Article excerpt
The second quarter of 2026 marked a decisive shift in Omaha. After more than three years of trimming positions and hoarding cash, Berkshire Hathaway swung back to the offensive, deploying roughly $20 billion net into new equity stakes under the stewardship of CEO Greg Abel. The numbers tell the story of a conglomerate in transition. Berkshire purchased $23.5 billion worth of stock during the period while offloading just $3.7 billion - a stark reversal from the prolonged net-selling posture that defined the post-pandemic era. The buying spree was funded, at least in part, from the company's formidable war chest, which still stands at approximately $365 billion in cash and Treasury holdings. Abel's fingerprints are all over the repositioning. The most consequential move came late in August with a $17 billion commitment to Alphabet, including a $10 billion private placement earmarked for artificial intelligence infrastructure financing. Notably, Berkshire has yet to formally confirm that the direct share purchase has been completed, leaving a loose end for investors to track. Aviation and housing also featured prominently. The Delta Air Lines stake grew by 44 percent to 57.3 million shares, valued at roughly $5.4 billion, while the position in homebuilder Lennar expanded about 30 percent to 13.4 million shares worth nearly $1.2 billion. The July completion of the $6.8 billion...
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Revenue for the quarter reached a record $101.8 billion.
