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Berkshire Hathaway cuts cash reserves, boosts stock buybacks and equity investments under new CEO Greg Abel.

Market News
09 Aug 2026
CNBC
View Source
Bullish
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In Q2 2026, Berkshire Hathaway's cash reserves fell 8% to $365.5 billion as new CEO Greg Abel increased spending, including $4.5 billion on share buybacks and a net $20 billion increase in equity investments, notably a $10 billion stake in Alphabet. Operating earnings rose 16% to $12.98 billion, driven by strong performance in energy and rail sectors, despite weaker insurance results. Abel's active capital allocation signals confidence in the company's value and growth prospects. The company also adjusted its DaVita stake in line with a prior agreement. Investors will watch Berkshire's upcoming portfolio disclosures for further insights.

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