Berkshire Hathaway has finally sprung into action! Following Warren Buffett's succession, CEO Greg Abel (pictured) deployed cash reserves in Q2, achieving a net stock buy for the first time in over three years. Cash holdings dropped from the previous quarter's record high of $397.4 billion to $365.5 billion. In addition to the previously announced $10 billion investment in Google, Berkshire acquired several other assets—details of which are revealed only to VVIP members.
This marks a strategic shift under Abel’s leadership, signaling a move from Buffett-era extreme cash conservatism toward more active capital allocation. The $10 billion bet on Alphabet reflects confidence in AI-driven growth and digital advertising resilience. While Google is a major addition, the undisclosed purchases suggest diversification into sectors such as energy, financials, or consumer staples.
Despite the spending, Berkshire still holds a massive $365.5 billion in cash—indicating continued caution and readiness for future market volatility or large-scale M&A opportunities. This balance between deployment and prudence reinforces investor confidence.
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FACT BOX
- Source: PR Times
- Category: News
- Organizations: Google / Alphabet