Greg Abel continues Buffett-era trend, offloading $194.8 billion more in stocks than purchased since late 2022 amid high valuations.
Berkshire Hathaway, led by CEO Greg Abel, appears to have extended its net equity selling streak to 15 consecutive quarters in Q2. The conglomerate’s $352 billion investment portfolio has seen persistent outflows, with Abel and Warren Buffett collectively selling $194.8 billion more in stocks than they’ve bought since October 2022.
The selling trend contrasts with Abel’s recent purchases of Alphabet shares but aligns with Buffett’s historical caution during elevated market valuations. Buffett previously cited overpriced equities as a reason for reduced buying, a stance that may persist under Abel’s leadership.
Berkshire’s operating companies remain largely autonomous, shifting investor focus to its investment decisions. The prolonged selling streak raises questions about cash deployment strategies ahead of Buffett’s full retirement in 2025.