Greg Abel, the new CEO of Berkshire Hathaway, deployed a large portion of the company's cash in his second quarter at the helm, including $4.5 billion on buybacks, according to CNBC.
Key facts
- Greg Abel is the new CEO of Berkshire Hathaway.
- The spending occurred during his second quarter in the role.
- Berkshire spent $4.5 billion on share buybacks.
- The report was published by CNBC on August 9, 2026.
Greg Abel, who took over as chief executive of Berkshire Hathaway, put a significant amount of the company’s cash to work during his second quarter leading the firm, according to CNBC.
Among the moves reported was $4.5 billion spent on share buybacks, marking what CNBC described as serious spending during the period.
The activity comes as Abel settles into the top job at the conglomerate, following the leadership transition at one of the most closely watched companies in the business world.
CNBC characterized the quarter as one of notable capital deployment by the new CEO, though the outlet’s brief report focused on the buyback figure as a headline data point.
For investors and market watchers, the pace and direction of Abel’s spending offer early signals about how he intends to steer Berkshire’s substantial cash reserves in his tenure.
Why it matters
Berkshire Hathaway's capital decisions are closely tracked as a barometer for markets and value investing, and Greg Abel's early moves as CEO signal how the storied conglomerate may operate under new leadership. A $4.5 billion buyback offers one of the first concrete indications of Abel's approach to deploying the company's cash.
Frequently asked questions
How much did Berkshire spend on buybacks?
According to CNBC, Berkshire Hathaway spent $4.5 billion on share buybacks during Greg Abel's second quarter as CEO.
Who is the new CEO of Berkshire Hathaway?
Greg Abel is the new CEO of Berkshire Hathaway, and the reported spending took place during his second quarter in the role.