Berkshire Hathaway (BRK.B) Stock: Greg Abel Deploys Cash With $10B Alphabet Bet

TLDR

• Berkshire’s operating earnings rose 16% to $12.98 billion in Q2
• CEO Greg Abel repurchased $4.5 billion in Berkshire stock during the quarter
• Berkshire’s cash pile dropped to $365.5 billion from a record $397.4 billion
• Berkshire became a net buyer of equities for the first time in 15 quarters, with nearly $20 billion in net purchases
• Alphabet is now among Berkshire’s five largest equity holdings after a $10 billion investment

Berkshire Hathaway posted a strong second quarter, with operating earnings climbing 16% to $12.98 billion, up from $11.16 billion a year earlier. But the numbers almost took a back seat to what CEO Greg Abel did with the cash.

Berkshire Hathaway Inc., BRK-B

Abel put roughly $14.5 billion to work through buybacks and the previously disclosed $10 billion Alphabet investment, marking a clear shift in how Berkshire is managing its record war chest.

Berkshire’s cash pile fell to $365.5 billion at the end of June, down from a record $397.4 billion at the end of March. That’s still a staggering amount, but it signals Abel is willing to act.

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