Berkshire Hathaway’s cash reserves reached a record $397.38 billion in Q1 2026 before settling around $365 billion under new CEO Greg Abel. Warren Buffett officially stepped down as CEO at the end of 2025, handing capital allocation decisions to his successor. The company invested $10 billion in Alphabet, signaling that Abel remains willing to deploy significant capital only for assets he deems genuinely compelling. Berkshire has been a net seller of equities for multiple consecutive quarters while its operating earnings have improved, suggesting leadership views current market valuations as too high. The $4.5 billion in share buybacks indicates that Abel considers Berkshire itself more attractive than most opportunities available in public markets.
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