Overview
- Berkshire’s quarterly filing, reported Saturday, showed net income of $25.67 billion and operating earnings of $12.98 billion, a roughly 16% increase in the company’s preferred measure.
- New CEO Greg Abel used cash to make large moves this quarter, including a roughly $10 billion private placement in Alphabet and about $4.5 billion of share repurchases.
- The company’s cash and Treasury holdings fell from a record near $397.4 billion at March 31 to roughly $365–365.5 billion by the end of June after purchases and later acquisitions.
- Filings identify about $23.5 billion of stock buys in the quarter but leave roughly $13.5 billion of purchases unnamed, with Berkshire’s 13F due August 14 expected to reveal those positions.
- The capital shift shows a clear change in allocation policy that could alter Berkshire’s public‑stock mix and shareholder returns, and investors should watch future 13F disclosures and quarterly updates for the full portfolio impact.