The Alpha“bet”
• Greg Abel has accelerated Berkshire’s stock buying, with nearly $20B more bought than sold in Q2.
• Alphabet is the standout bet, with Berkshire’s stake now worth around $31.5B.
Berkshire’s Achilles heel
• Operating earnings rose 16% to $12.98B.
• But GEICO remains a weak spot, with underwriting profit down 45%.
Put your money where your mouth is
• Berkshire bought back $4.5B of its own shares in Q2, its biggest quarterly buyback in five years.
• Cash and Treasuries still stand at a massive $365.5B.
Can Berkshire outlive Buffett?
Abel is clearly moving faster than Buffett did in his final years. The big question now is whether this is the start of a new capital allocation strategy or just one aggressive quarter.
What this means for you
Berkshire has underperformed the S&P 500 over the past year. With billions still waiting to be deployed, Abel’s next moves could shape Berkshire’s next chapter.
Read the full blog: Berkshire Hathaway Bought More Stocks In Six Months Than Buffett Did In Three Years