Warren Buffett's Successor, Greg Abel, Just Bought $4.5 Billion of the Oracle of Omaha's Favorite Stock (No, Not Alphabet!)

Berkshire Hathaway executed a $4.53 billion share repurchase in Q2 2026, ending a 14-quarter selling streak under CEO Greg Abel. The buyback represents the largest deployment of capital into BRK stock in five years and signals a sharp reversal from the extended period of net selling that marked the final years of Warren Buffett's active leadership.

Abel has now overseen more than $82 billion in total buybacks since July 2018. The Q2 repurchase comes as Abel simultaneously reshapes the equity portfolio, elevating Alphabet into a top-5 position through aggressive buying. The dual strategy—buying back Berkshire shares while concentrating capital in GOOGL—reflects Abel's view that both assets are trading below intrinsic value.

The buyback authorization remains unlimited above a 1.2x book value threshold, giving Abel continued discretion. Berkshire's cash position and the pace of future repurchases will clarify whether Q2 marks a one-time opportunistic deployment or the start of sustained buying.