Greg Abel Bought $39.4 Billion of Stocks in 6 Months, Up From the $7.1 Billion Berkshire Purchased a Year Earlier Under Warren Buffett

Berkshire Hathaway purchased $39.4 billion in equities during the first half of 2026 under new CEO Greg Abel, a sharp acceleration from the $7.1 billion bought in the same period a year earlier when Warren Buffett was at the helm. The shift marks a pivot to net stock buying in Q2 2026 after quarters of selling.

The most notable addition was Alphabet, now Berkshire's third-largest portfolio position. Abel is deploying capital aggressively despite elevated market valuations, with $365.5 billion in cash and Treasuries still on the balance sheet awaiting deployment.

The pace represents a fundamental change in Berkshire's investment posture. Under Buffett, the company had been a net seller for several quarters as valuations climbed. Abel's willingness to put capital to work at current levels signals either conviction in specific opportunities or a strategic decision to reduce the cash drag on returns.