Berkshire Hathaway became a net buyer of equities in the second quarter for the first time in 14 quarters under new CEO Greg Abel. The company spent nearly $20 billion on net stock purchases and $4.5 billion on share buybacks in Q2, shifting from a long period of net stock selling.

7 billion.

As a result, Berkshire's cash and Treasury bills, excluding Treasury payables, dropped to $365 billion at the end of June from $380 billion at the end of March.

9 billion more in stocks than it purchased.

Key portfolio movements and major holdings include:

8 million shares at the end of 2025 to nearly 58 million shares in the first quarter. 8% of the listed portfolio as its fifth-largest holding.

Apple: Remains the largest position, accounting for 20% of the $355 billion portfolio. 9%.

8%. 1% after Berkshire sold about 519 million shares since mid-2024.

5 billion in Q2, compared to $235 million in Q1. Although Warren Buffett personally initiated the Alphabet stake, Abel now oversees capital allocation decisions.

Berkshire retains $365 billion in cash and Treasury bills, leaving ample capacity for future investments or buybacks.