Greg Abel Just Bought $15 Million of Warren Buffett’s Favorite Stock

Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) is successful a caller era. After decades astatine the helm, Warren Buffett stepped backmost from day-to-day control, handing the CEO reins to Greg Abel astatine the commencement of 2026. Investors and analysts person watched intimately to spot however faithfully Abel would travel Buffett’s legendary playbook of patience, discipline, and opportunistic superior allocation.

With Berkshire sitting connected a monolithic $373 cardinal currency warfare thorax -- built implicit respective years of being a nett seller of stocks -- Abel has present made his archetypal acquisition since becoming CEO, and it was of Buffett's favourite stock.

SEC filings corroborate that Berkshire Hathaway repurchased $15 cardinal worthy of its ain Class A and Class B shares. Though humble comparative to the tremendous magnitude of adust pulverization it has available, the determination is highly notable: it marks the archetypal repurchase of Berkshire shares since the 2nd 4th of 2024. For years prior, Buffett had strung unneurotic an unbroken way grounds of 24 consecutive quarters of Berkshire stock repurchases -- a streak that ran from mid-2018 done the 2nd 4th of 2024 and totaled astir $78 cardinal successful buybacks.

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It wasn’t ever imaginable for Buffett to bargain his ain company’s banal truthful freely. For decades, Berkshire’s committee imposed strict hurdles, limiting repurchases to prices nary much than 10% (later 20%) supra publication value. Only successful the past decennary did the committee unbend those rules, authorizing buybacks whenever shares traded beneath a conservatively estimated intrinsic value. That argumentation alteration unlocked Buffett’s assertive repurchase program, which ran uninterrupted for those 24 quarters earlier pausing arsenic valuations roseate and opportunities elsewhere remained scarce. Now, nether Abel, the buybacks person begun again.

Separately, Abel besides personally purchased astir $15 cardinal of Berkshire banal -- precisely the after-tax magnitude of his yearly salary. He bought 21 Class A shares connected Wednesday, bringing his full holdings to 249 Class A shares, worthy astir $182 million. Abel has pledged to proceed devoting his afloat after-tax wage to Berkshire shares each twelvemonth going forward.