Berkshire Hathaway starts deploying $397.4B cash, buys stocks in Q2

Berkshire Hathaway has started deploying its record cash position after 14 consecutive quarters of accumulation. The firm turned net buyer of equities in Q2 and executed several large investments.

Key facts

• Net equity purchases in Q2: $19.8 billion. Berkshire bought $23.5 billion of equities and sold $3.7 billion.
• Cash and cash equivalents after Q2: $364.7 billion.
• New positions and deals: $10 billion invested in Alphabet, ticker $GOOGL. Acquisition of Taylor Morrison Home for $6.8 billion.
• Cash pile at start of deployment: $397.4 billion, built over 14 straight quarters.

Market implications

• Shift from net seller to net buyer signals increased risk appetite and confidence in select large-cap equities.
• Continued large cash reserve maintains flexibility for future deals and market dislocations.
• Allocation to $GOOGL supports mega-cap tech resilience theme. Homebuilder acquisition indicates constructive view on US housing-related cash flows.