Berkshire Hathaway Turns Net Buyer of Stocks Under Greg Abel
In the first half of 2026, Berkshire Hathaway shifted from being a net seller to a net buyer under CEO Greg Abel. The conglomerate purchased $39.4 billion in equities and sold $27.8 billion during this period — a significant increase compared to just $7.1 billion acquired the previous year under Warren Buffett's leadership. Berkshire trimmed its positions in Bank of America, Capital One, and Kroger but made notable purchases such as Alphabet (Class A and C shares), which became one of its top holdings. Delta Air Lines was also added to the portfolio. As of September 1, Berkshire’s public equities book reached nearly $360 billion. Despite this aggressive buying spree, Berkshire still faces a challenge with over $365.5 billion in cash and Treasuries on hand as of June 30. Abel is investing even though the S&P 500's average cyclically adjusted P/E ratio was higher than it had been during the same period last year.
Topics: Alphabet Berkshire Hathaway Greg Abel stock portfolio changes