Share repurchases
Berkshire bought back about $4.8 billion of its own shares in the first half of 2026.
The numbers
What it is
When Berkshire thinks its own shares trade below its estimate of intrinsic value, it buys them back with surplus cash. Buybacks reduce the share count and show how management values the stock against other uses of cash.
Why it matters to the stock. Repurchases are a direct signal of management's view of value and a use for surplus cash that competes with acquisitions.
News
Q1 10-Q shows about $8.1 billion of net equity sales and $339 billion in Treasury bills at March 31
Berkshire's first-quarter 2026 10-Q, filed May 4, shows it sold $24.1 billion of equities and bought $15.9 billion, a net sale of about $8.1 billion.
Berkshire resumes share buybacks on March 4, the first repurchases since 2024
Berkshire began repurchasing its Class A and Class B shares on March 4, 2026 under its long-standing policy of buying back stock when management believes the price is below intrinsic value.