Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile
- Berkshire Hathaway's new CEO Greg Abel invested $10 billion in Google's parent company and repurchased about $4.5 billion of its shares.
- The company's cash holdings decreased from nearly $400 billion to $365.5 billion by the end of the second quarter.
- Berkshire added over $21 billion worth of stocks to its portfolio, though specific stocks will be disclosed later.
- Berkshire's profit more than doubled to $25.667 billion in the second quarter, primarily due to a significant paper gain in investments.
Berkshire Hathaway's new CEO Greg Abel spent a significant amount of the company's cash by investing $10 billion in Google's parent company and repurchasing approximately $4.5 billion of its shares. The company's cash holdings have decreased from nearly $400 billion to $365.5 billion by the end of March.
In addition to the investment in Google, Berkshire added over $21 billion worth of commercial and industrial stocks to its portfolio, although the specific stocks purchased will be disclosed in a separate filing later this month. Abel, who took over as CEO in January, has resumed share buybacks after a two-year hiatus.
The company's profit more than doubled to $25.667 billion in the second quarter, driven by a large paper gain in the value of its investments. This contrasts with the $12.37 billion profit reported a year ago. Berkshire's operating profit also grew, reaching $12.983 billion, indicating strong performance across its various businesses.
伯克希尔·哈撒韦新任首席执行官格雷格·阿贝尔花费巨额现金
伯克希尔·哈撒韦新任首席执行官格雷格·阿贝尔通过投资100亿美元于谷歌母公司和回购约45亿美元的股票，花费了公司的一大笔现金。公司的现金持有量从三月底的近4000亿美元减少到3655亿美元。
除了对谷歌的投资外，伯克希尔还增加了超过210亿美元的商业和工业股票投资，尽管具体购买的股票将在本月稍后的单独文件中披露。阿贝尔在一月份接任首席执行官后，恢复了两年未进行的股票回购。
公司的利润在第二季度超过了256.67亿美元，主要得益于投资价值的大幅账面收益。这与去年报告的123.7亿美元利润形成对比。伯克希尔的经营利润也增长至129.83亿美元，表明其各项业务表现强劲。