Berkshire Hathaway's cash fell from $397.4 billion to $365 billion in the second quarter, driven by a $4.5 billion share repurchase, the largest buyback in nearly two years. CEO Greg Abel is making early moves to deploy capital after years of cash accumulation.
Yet Greg Abel, in his second quarter as CEO of Berkshire Hathaway, yes, Warren Buffett, that company Warren Buffett ran forever, just put a meaningful chunk of that famous cash pile to work. Berkshire's cash declined from a record $397.4 billion, with a B, at March 31st to $365 billion as of June 30th. That's a drop of 8%. Well, where did that cash go? Because that's a meaningful cash decline. That's the most— first meaningful cash decline at Berkshire since early 2022. Well, 2 moves inside that number. Berkshire repurchased $4.5 billion of its own shares in the second quarter. This is the largest buyback in nearly 2 years. The prior quarter was only $235 million, almost 5 times what they did before.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
