Berkshire Hathaway CEO Greg Abel continues the firm's capital return strategy with a $4.2 billion buyback, while pivoting the investment portfolio toward Alphabet and away from Apple.
New CEO Greg Abel executed a massive $4.2 billion stock buyback program in Q2 2026, signaling strong confidence in the company's valuation and returning capital to shareholders.
Greg Abel invested over $20 billion in Alphabet since becoming CEO, indicating a strategic shift toward significant holdings in major tech firms.
The article notes Berkshire sold 75% of its Apple position by end of 2025 to lock in gains, contrasting it with the new focus on buybacks and Alphabet.
New Berkshire Hathaway CEO Greg Abel has signaled confidence in the conglomerate's valuation by authorizing $4.2 billion in stock buybacks during the second quarter of 2026. This move follows a strategic portfolio shift that includes a $20 billion investment in Alphabet and the liquidation of 75% of the company's long-standing Apple position.
Buybacks reduce the number of shares in circulation, increasing the value of remaining shares and providing a tax-efficient method for returning capital to shareholders, a strategy favored by both Warren Buffett and his successor.