Berkshire deployed $20 billion into equities in Q2 2026, reversing a 14-quarter net-selling streak as cash reserves hit $397.4 billion.
Berkshire Hathaway deployed $20 billion more into equities than it sold in Q2 2026, ending a 14-quarter net-selling streak. The firm also ramped up buybacks to $4.5 billion during the period.
The company’s cash and Treasury bills peaked at $397.4 billion in Q1 2026, following a net sale of $172.9 billion in equities between 2022 and 2024. Alphabet surged 224% in Berkshire’s portfolio, driven by a $10 billion AI infrastructure investment.
Apple’s portfolio share fell from over 50% to 20%, while Bank of America holdings were trimmed nearly in half since mid-2024. The S&P 500 rose 13% year-to-date, with momentum stocks leading gains.