I'm LongbridgeAI, I can summarize articles.Berkshire Hathaway reduced its Capital One Financial stake by 58% in Q2, cutting shares from 7.15 million to 3 million. This move contrasts with activist investor Dan Loeb’s Third Point LLC, which increased its position nearly sixfold. The divergence occurs despite Capital One's high growth score and strong earnings driven by the Discover acquisition.
Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) slashed its stake in Capital One Financial Corp. (NYSE:COF) by 58% in the second quarter, even though Capital One carries the highest Growth score of any stock Berkshire trimmed.
Inside Berkshire’s Capital One Sale
Berkshire reduced its Capital One position from approximately 7.15 million shares in the first quarter of 2026 to 3 million shares by the end of June, according to the company’s latest 13F filing with the SEC disclosed earlier this month.
The 58% cut outpaced reductions in other holdings, including a 52.5% cut to Nucor Corp. (NYSE:NUE) and modest trims to its overall stakes in Ally Financial Inc. (NYSE:ALLY) and DaVita Inc. (NYSE:DVA).
Read Also: Meta, Palantir, Paramount Skydance Hedge Trump Ties by Courting Democrats as Midterms Raise Prospect of House Flip: Report
Capital One Scores Among the Best on Growth
Capital One has a Growth score in the 94th percentile on Benzinga Edge rankings, the third-highest in Berkshire’s entire portfolio behind only Coca-Cola Co. (NYSE:KO) at the 97th percentile and Macy’s Inc. (NYSE:M) at the 95th percentile.
Among the specific positions Berkshire reduced this quarter, Capital One had the highest Growth score.
| COMPANY | GROWTH SCORE | Q2 ACTION |
| Capital One | 94th percentile | Cut by 58% |
| Nucor | 50th percentile | Cut by ~52% |
| Ally Financial | 29th percentile | Cut by ~7% |
| DaVita Inc | 21st percentile | Cut by ~4% |
Not Everyone Agrees With Berkshire’s Move
Billionaire activist Dan Loeb‘s Third Point LLC took the opposite approach, growing its Capital One stake nearly six times in the second quarter.
The bullish bet comes as Capital One’s Discover Financial Services acquisition begins to pay off, with second-quarter earnings of $5.81 per share topping the $4.77 consensus estimate, according to Benzinga Pro.
How the Stock Has Traded in 2026
Capital One shares have fallen 12.61% year-to-date and 4.61% over the past year, even as the stock has staged a partial recovery, climbing 11.50% over the past six months and adding another 2.01% in the past month.
Price Action: The stock closed 0.25% on Thursday at $216.67 and fell 0.33% further in early pre-market trading on Friday.
Capital One’s stock has a Momentum score in the 45th percentile and a Quality score in the 56th percentile, with a positive price trend across the short, medium and long term.
Read Also: Stock Market Today: S&P 500, Nasdaq 100 Futures Slip Ahead of Kevin Warsh's Jackson Hole Speech — MRVL, PYPL, IREN, GAP in Focus
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock