Warren Buffett's Berkshire Hathaway posts nearly $20B net stock purchases
Warren Buffett's Berkshire Hathaway just switched things up after 14 quarters of mostly selling stocks; it bought nearly $20 billion more stocks than it sold in the second quarter of 2026.
It also ramped up share buybacks, spending $4.5 billion in the quarter and more than $3.3 billion in July, which trimmed its cash pile from a record $380.2 billion down to $364.7 billion.
Berkshire invests about $10B in Alphabet
One highlight: Berkshire invested about $10 billion in Alphabet (Google's parent company), making it one of its biggest holdings now. It also spent $6.8 billion snapping up homebuilder Taylor Morrison.
Even with some economic uncertainty and softer consumer demand across its businesses, Berkshire's operating profit jumped 16% to $12.98 billion for the quarter, while net income soared to $25.67 billion.