Berkshire Hathaway became a net buyer of equities for the first time since 2022, led by CEO Greg Abel’s $23.5 billion in purchases.
Berkshire Hathaway reported $23.5 billion in marketable equity purchases during the second quarter, outpacing $3.7 billion in sales. The conglomerate shifted to net buying for the first time since 2022, marking a significant capital allocation move under CEO Greg Abel.
The purchases, disclosed in Berkshire’s SEC Form 13-F filing, reflect Abel’s first major investment decisions since taking over operational control earlier this year. Warren Buffett remains involved as chairman and advisor, with both stating mutual approval of capital allocation strategies.
The $23.5 billion deployment underscores Berkshire’s confidence in equities amid its historically large cash reserves. Details of the nine stocks purchased will be fully revealed in the 13-F filing.