BRK-B · News · 20260911N

Capital Allocation Strategy Shift

BERKSHIRE HATHAWAY INC · 2026-09-11 · Importance 40 · Surprise 42 · No source text

Third-party reporting says Greg Abel’s Berkshire Hathaway repurchased approximately $4.5 billion of its own stock in the second quarter, reportedly at about 140% of book value. Berkshire also made approximately $19.8 billion of net equity purchases during the quarter, indicating a shift from its historically large cash allocation. Reported portfolio changes included increased exposure to Alphabet and homebuilders, although the company’s financials-heavy positioning remains sensitive to sustained high interest rates and technology-market performance.

Key facts

• Berkshire Hathaway made $19.8B of net equity purchases. source
• Berkshire Hathaway executed $4.5B in Q2 buybacks at 140% of book value. source
• Berkshire Hathaway repurchased roughly $4.5 billion of its own stock in the second quarter. source
• A large cash allocation is now shifting under Greg Abel at Berkshire Hathaway. source
• Berkshire Hathaway increased exposure to Alphabet and homebuilders. source
• Berkshire Hathaway has only owned Alphabet stock for about a year. source

Impact estimates