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Greg Abel puts net $20 billion into stocks, ending Berkshire Hathaway's selling streak

OMAHA, Aug. 9. Greg Abel, chief executive of Berkshire Hathaway, deployed a net $20 billion into equities, ending a selling run that held for more than three years, the company reported. The purchases draw down a cash reserve that Warren Buffett built during his tenure leading the company.

By Simone Attah2 min readBRK.BPLTR
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Key takeaways

  • Berkshire Hathaway CEO Greg Abel deployed a net $20 billion into equities, ending a net-selling streak that lasted more than three years.
  • The $20 billion is a net figure, meaning Berkshire's buying exceeded its selling by that amount.
  • The purchases draw down a cash reserve that Warren Buffett built during his tenure leading the company.
  • Berkshire has not disclosed which specific stocks were purchased, the prices paid, or how the $20 billion breaks down across individual names.
  • The move marks a shift from net seller to net buyer for the first time at this scale under Abel.

OMAHA, Aug. 9. Greg Abel, chief executive of Berkshire Hathaway, deployed a net $20 billion into equities, ending a selling run that held for more than three years, the company reported. The purchases draw down a cash reserve that Warren Buffett built during his tenure leading the company.

Reversing a three-year posture

Berkshire Hathaway ran as a net seller of equities for more than three years. Abel ended that. His $20 billion in net purchases marks a shift from seller to buyer.

The $20 billion is a net figure. Berkshire sold some holdings and added others; buying exceeded selling by that amount. Buffett built the cash during his tenure and held it in reserve. Abel's deployment puts it to work in the equity market for the first time at this scale.

What the filings show

Berkshire has not disclosed which specific stocks Abel purchased, the prices paid, or how the $20 billion breaks down across individual names. Those details would appear in regulatory filings.

The selling streak Abel ended ran more than three years. The net deployment that closes it is $20 billion.

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Frequently asked

Who is Greg Abel and what did he do?

Greg Abel is the chief executive of Berkshire Hathaway, and he deployed a net $20 billion into equities, ending the company's net-selling run of more than three years.

What does the '$20 billion net' figure mean?

It is a net amount, meaning Berkshire both sold some holdings and added others, with buying exceeding selling by $20 billion.

Where did the money for these purchases come from?

The purchases draw down a cash reserve that Warren Buffett built and held during his tenure leading Berkshire Hathaway.

Which specific stocks did Abel buy?

Berkshire has not disclosed the specific stocks, the prices paid, or how the $20 billion breaks down across individual names; those details would appear in regulatory filings.

How long was the selling streak that Abel ended?

Berkshire had run as a net seller of equities for more than three years before Abel reversed the posture.