Berkshire Hathaway began deploying its cash pile in Q2, buying nearly $20 billion more stocks than it sold and ending a 14-quarter selling streak. It also repurchased $4.5 billion of its own shares in Q2 and bought about $10 billion of Alphabet stock, while posting better-than-expected operating profit.

Berkshire Hathaway repurchased an estimated $8.5B in stock from April to July, its biggest buyback spree in years under new CEO Greg Abel.

Fundo gastou US$ 23 bilhões na compra de papéis negociados em Bolsa no segundo trimestre

Berkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks and nearly $20 billion in equities,…