"SEC filings confirm that Berkshire Hathaway repurchased $15 million worth of its own Class A and Class B shares. Though modest relative to the enormous amount of dry powder it has available, the move is highly notable: it marks the first repurchase of Berkshire shares since the second quarter of 2024."
"For years prior, Buffett had strung together an unbroken track record of 24 consecutive quarters of Berkshire share repurchases - a streak that ran from mid-2018 through the second quarter of 2024 and totaled nearly $78 billion in buybacks."
"Only in the past decade did the board relax those rules, authorizing buybacks whenever shares traded below a conservatively estimated intrinsic value. That policy change unlocked Buffett's aggressive repurchase program, which ran uninterrupted for those 24 quarters before pausing as valuations rose and opportunities elsewhere remained scarce."
Berkshire Hathaway has entered a new era with Greg Abel taking over as CEO from Warren Buffett in 2026. Abel has resumed share buybacks after a nearly two-year hiatus, repurchasing $15 million of Berkshire stock—the first buyback since Q2 2024. This marks a significant shift from the company's period of being a net seller of stocks while accumulating a $373 billion cash position. Additionally, Abel personally invested approximately $15 million of his annual salary into Berkshire stock, demonstrating personal commitment to the company. These actions suggest Abel is following Buffett's disciplined approach to capital allocation and opportunistic investing.
#berkshire-hathaway-leadership-transition #share-buybacks #capital-allocation #greg-abel #warren-buffett-legacy
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