After Warren Buffett exit, Greg Abel starts deploying Berkshire Hathaway’s $365.5 billion cash pile | Company Business News

Berkshire Hathaway's cash reserve declined from $397.4 billion to $365.5 billion in June under new CEO Greg Abel.

Abel has overseen a renewed deployment of the company's financial reserves, repurchasing $4.5 billion in shares in Q2 and $3.3 billion in July.

Berkshire purchased $20 billion more in stocks than it sold in Q2, with notable investments in Alphabet and existing holdings in Apple and Coca-Cola.

Net income surged to $25.6 billion, exceeding forecasts, with improved results at BNSF and service businesses like NetJets and TTI.