Greg Abel Authorizes $14.4 Billion in Berkshire Hathaway Buybacks
Berkshire Hathaway CEO Greg Abel authorized $14.4 billion in share buybacks and invested over $20 billion in Alphabet during his first nine months in office.
Greg Abel authorized $14.4 billion in share buybacks during his first nine months as CEO of Berkshire Hathaway. The repurchases increased steadily throughout the year, starting with $235 million in the first quarter, rising to $4.5 billion in the second, and reaching $9.6 billion in the third.
This strategy reverses the company's approach in 2025, when it refrained from buybacks during the final year of Warren Buffett's tenure. Beyond repurchasing its own stock, Abel directed over $20 billion into Alphabet, which included a $10 billion private placement. Abel also made a personal investment of $15 million in Berkshire shares.
Berkshire Hathaway maintains a cash reserve exceeding $352 billion, providing the company with significant liquidity for further capital allocation. Market response to these moves has been positive, with Class B shares increasing 15.08% year-to-date.
