<div id="readability-page-1">First buyback in 21 months: Abel authorized $235 million in repurchases after Berkshire shares reached a valuation threshold consistent with prior buy points under Buffett. Major portfolio changes: Q1 2026 saw exits from more than 15 positions, new stakes in Delta and Macy's, and a large increase in Alphabet holdings. Cash-rich flexibility: With $397 billion in cash and equivalents, Abel has substantial capacity for further buybacks or acquisitions.</div>

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<p>Greg Abel has authorized a $235 million buyback of Berkshire shares, marking the first repurchase in 21 months, following a valuation dip. In Q1 2026, the company exited over 15 positions, invested in Delta and Macy's, and increased its stake in Alphabet. With $397 billion in cash and equivalents, Abel has significant capacity for additional buybacks or acquisitions.</p>

- Berkshire Hathaway's first buyback in 21 months involved $235 million in stock repurchases authorized by Abel.  
- In Q1 2026, significant portfolio changes occurred, including exits from over 15 positions and new stakes in Delta and Macy's alongside increased holdings in Alphabet.  
- With $397 billion in cash and equivalents, the company has strong flexibility for additional buybacks or acquisitions.

Greg Abel launches $235M Berkshire buyback after valuation dip