The trillion-dollar conglomerate that Warren Buffett built entered uncharted territory in 2026. Following the Oracle of Omaha's Dec. 31 retirement as CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), the company's day-to-day operations and the oversight of its $355 billion investment portfolio fell to his successor, Greg Abel. Abel has wasted little time making his mark.
During the first quarter, he completely revamped Berkshire's portfolio by jettisoning 16 holdings and reducing six others. But he didn't stop there. This Rare Signal Is Flashing Again.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » According to Berkshire's second-quarter operating results, released this past weekend, Abel ended a 14-quarter streak of net stock sales that began with Buffett in late 2022.
The consolidated cash flow statement shows that $23.47 billion in equity securities were purchased compared to just $3.69 billion in sales. This roughly $19.8 billion in net purchases is of massive interest to Wall Street and investors -- and in mere hours, we're going to know exactly what Warren Buffett's protégé has been buying. Today, Aug. 14, marks the deadline for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission.
A 13F provides a concise snapshot of the stocks Wall Street's savviest money managers have been buying and selling. In this case, it'll cover buying and selling activity for the June-ended quarter. Berkshire always releases its 13F after the closing bell (usually around 4:30 p.m.
ET) to avoid causing a stir during normal trading hours. One thing we know for certain is that Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) played a meaningful role in Abel's second-quarter stock purchases. During the March-ended quarter, Abel more than tripled Berkshire's stake in Alphabet's Class A shares (GOOGL) and opened a new position in the Class C shares (GOOG).
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