# New Berkshire CEO Greg Abel puts $30 billion to work in Q2

2026-08-08T15:32:44+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Warren Buffett's successor Greg Abel deployed roughly $30 billion in the second quarter, investing $10 billion in Alphabet, buying back $4.5 billion of Berkshire shares and completing a $6.8 billion Taylor Morrison acquisition that closed in July. The cash pile shrank from a record $380 billion in March to $365.5 billion in June. Operating profit rose 16% to $12.98 billion, beating estimates, with BNSF Railway and Berkshire Hathaway Energy gains offsetting a 45% drop in Geico's underwriting profit. Net income more than doubled to $25.67 billion on paper investment gains. Berkshire's shares have underperformed the S&P 500 this year, rising 3% against the index's 13% climb.

## Coverage

- livemint.com <https://www.livemint.com/companies/berkshire-hathaways-new-ceo-greg-abel-spends-a-chunk-of-the-companys-massive-cashpile-11786196051478.html>
- livemint.com <https://www.livemint.com/companies/news/berkshire-hathaway-buys-back-4-5-billion-of-its-own-shares-11786195603011.html>
- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/international-business/berkshire-hathaway-q2-earnings-profit-rises-16-to-12-98-billion-as-buybacks-accelerate/articleshow/133055378.cms>

Tags: Alphabet, Berkshire Hathaway, cash pile, Greg Abel, share buyback, Warren Buffett
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