Berkshire Hathaway spends down cash pile under CEO Greg Abel
- Posted on August 9, 2026
- By Business News Today
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- 1 min read
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Berkshire Hathaway spends down cash pile under CEO Greg Abel
Berkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks and nearly $20 billion in equities, including investments in Alphabet and Taylor Morrison. Operating earnings rose 16% to nearly $13 billion despite lower insurance underwriting profits.
