Greg Abel Continues Net-Selling Streak at Berkshire Hathaway Amid High Market Valuations
Berkshire Hathaway, under Greg Abel's leadership following Warren Buffett’s retirement timeline, has extended a net-selling streak of equities for the 15th consecutive quarter. This trend is attributed to historically high stock market valuations as measured by the Buffett indicator, which reached an all-time peak in June 2026 at 238.5%, far above its long-term average of 88%. Despite this streak, Abel has made a notable $10 billion private placement purchase of Alphabet shares, potentially signaling a shift if confirmed. The market's extreme valuation is seen as the primary reason for minimal equity purchases by Berkshire’s leadership, who remain cautious about overpaying. However, Alphabet—particularly its high-growth Google Cloud segment—is viewed favorably due to its dominant position in search and AI-driven cloud services. The outcome of this private placement could determine whether the net-selling streak continues or ends. Investors are watching closely as Abel assumes more control at Berkshire Hathaway, with his investment decisions expected to shape future portfolio strategies.
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Topics: Berkshire Hathaway Greg Abel Stock Market Valuation Warren Buffett Retirement