Berkshire just built a record $380B cash pile and is basically sitting out the market. Buffett and Greg Abel are still selling into strength and warning that parts of the market feel like gambling.

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Berkshire Hathaway Q1 2026 highlights:

• $373.5 billion of cash

• $10.4 billion of net operating cash flow

• $234.2 million spent on share repurchases across Class A and Class B shares (class B shares repurchased at $486.92).

• Q1 operating profit up 18% YoY (7.2% after foreign currency adjustment)

 

Berkshire’s cash fortress hit a record $380.2 billion this quarter. Buffett and Abel are essentially sitting on their hands, waiting for the “gambling” to stop so they can find actual value.

https://economictimes.indiatimes.com/markets/us-stocks/news/what-will-berkshire-do-with-380-billion-greg-abel-speaks-after-taking-over-warren-buffetts-biggest-cash-puzzle/articleshow/130720280.cms?from=mdr

Buffett grouped prediction markets, 0DTE options, and sports betting into one bucket, calling the explosion of government-sanctioned gambling a “fiscally parasitic” tax on the impatient.

https://www.kucoin.com/news/flash/warren-buffett-groups-prediction-markets-with-sports-betting-in-tax-on-stupidity-comment

Berkshire has now been a net seller of stocks for 14 consecutive quarters, dumping $24B in the last three months alone. They’re taking profits while the “casino” is still open.

https://www.ft.com/content/6701283e-6b4f-415d-8be2-bae35d74fe74?syn-25a6b1a6=1

Greg Abel directed his first share buybacks ($234M) since taking the wheel on Jan 1. Buffett gave him the ultimate seal of approval: “Greg is doing everything I did and then some.”

https://www.ainvest.com/news/berkshire-hathaway-400b-cash-trap-ceo-move-matters-quarter-beat-2605/

https://www.nbcnews.com/business/business-news/berkshire-hathaway-annual-meeting-rcna343200

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