# Greg Abel begins deploying Berkshire’s $365.5 billion cash pile

2026-08-09T14:30:49+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 1 independent outlet

Berkshire Hathaway's cash pile fell from $397.4 billion to $365.5 billion in the June quarter, signalling a shift under new CEO Greg Abel. The company bought back nearly $4.5 billion of its own shares and purchased roughly $20 billion more in stocks than it sold, ending a 14-quarter streak of net selling. Notable purchases included a $10 billion stake in Alphabet. Operating profit rose 16% to $12.98 billion, beating estimates. Abel took over as CEO in January, while Warren Buffett remains chairman.

## Coverage

- livemint.com <https://www.livemint.com/companies/news/after-warren-buffett-exit-greg-abel-starts-deploying-berkshire-hathaway-s-365-5-billion-cash-pile-11786273845002.html>

Tags: Alphabet, Berkshire Hathaway, Greg Abel, share buybacks, stock purchases, Warren Buffett
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