Overview
- Berkshire reported second-quarter net income of $25.67 billion and operating earnings of about $12.98 billion, with the net figure lifted by large unrealized investment gains.
- Greg Abel authorized roughly $14.5 billion of capital deployment in Q2, including a disclosed $10 billion stake in Alphabet and about $4.5 billion in share repurchases.
- The company shifted from a long run of net equity sales to record nearly $20 billion in net stock purchases for the quarter, leaving roughly $13.5 billion of new buys not yet itemized in public disclosures.
- Berkshire’s cash and Treasury balance fell to about $365–365.5 billion after the quarter, and the firm completed a roughly $6.8 billion acquisition of Taylor Morrison in July that further reduced liquidity.
- The moves mark a clear capital-allocation pivot under Abel after Warren Buffett’s January exit as CEO and they raise two key watchpoints for investors: upcoming 13F and buyback filings to reveal exact holdings and whether this active buying will persist.