Berkshire Hathaway became a net stock buyer in Q2 after about three years: it bought $23.5 billion and sold $3.7 billion. About $17 billion went to Alphabet shares; the shift may signal Greg Abel is content with the portfolio, but one quarter is not a trend.
Alphabet accounted for roughly $17 billion of Berkshire’s stock purchases during a secondary offering, as the company sought to fund its artificial intelligence spending. The article says the third quarter may offer a clearer signal: modest sales or further net buying could indicate Abel is satisfied with the portfolio.
Abel is expected to take a more hands-on approach than Warren Buffett. The article cites Abel’s $5.8 billion purchase of Taylor Morrison Home and says he stated it would be key to combining Berkshire’s homebuilding operations into a single division, unlike Buffett’s usual practice of letting acquired businesses operate independently.
