Greg Abel's Trades and Holdings in Q2 2026

Breaking down the stocks Greg Abel (Berkshire Hathaway) bought, sold, and held in Q2 2026, including their holdings at the end of the quarter. All data sourced from Berkshire Hathaway's 13F filed on August 14, 2026.

Who are Warren Buffett, Greg Abel and Berkshire Hathaway?

Berkshire Hathaway Inc. is led by Warren Buffett (Chairman and CEO), with Greg Abel (transitioning to CEO at the end of the year), and profoundly influenced by the late Charlie Munger (former Vice Chairman). The company is known for its diversified equity portfolio, typically consisting of around 45 stocks, with the top 5 holdings comprising approximately 70% of equity assets, and massive cash reserves for opportunistic deployments during market dislocations.

Their investment strategy is a classic value investing approach inspired by Benjamin Graham's principles of margin of safety and evolved through Munger's emphasis on acquiring wonderful businesses at fair prices, treating equities as ownership stakes in enduring enterprises rather than tradable securities. They focus on undervalued or high-quality companies across industries that can compound intrinsic value over decades, with strong qualitative factors like durable economic moats, high returns on capital, honest and capable management, predictable cash flows, and ample reinvestment opportunities in growing markets.

Berkshire Hathaway's Website https://www.berkshirehathaway.com

Holdings in Q2 2026

Current Investment Strategy

Under CEO Greg Abel, with Warren Buffett still chairman, Berkshire Hathaway's roughly $299 billion equity portfolio continued its classic value-investing playbook in the second quarter of 2026, anchoring around long-held compounders like Apple, American Express and Coca-Cola while aggressively rotating out of banking exposure by trimming Bank of America and exiting consumer-staple Constellation Brands. The conglomerate simultaneously deepened its bet on housing and technology, initiating a new stake in homebuilder D.R. Horton alongside additions to Lennar, and sharply expanding its position in Alphabet, signaling a search for durable moats and reinvestment opportunities beyond its traditional financial-sector holdings.

New Investments

Bank Of Amer Corp

Greg Abel bought $27.54B of Bank Of Amer Corp in Q2 2026. The purchase adds exposure to a large U.S. bank that has delivered accelerating earnings over the last two quarters, with Q1 2026 EPS up 25% year over year to $1.11 and net income up 17% to $8.6B. Momentum strengthened further in Q2 2026, as revenue grew roughly 14–15% year over year to about $31.6B, net income rose 27% to $9.1B, and EPS climbed 34% to $1.21, all ahead of market expectations. Results are being driven by record equities trading, a sharp rebound in investment banking fees (up about 50% year over year), and solid 9% growth in net interest income, supporting strong returns on tangible equity around the mid‑teens and a constructive setup into the next earnings catalyst on October 14, 2026.

• In Q1 2026, revenue increased 7% year over year to about $30.3B, with EPS up 25% to $1.11 and net income up 17% to $8.6B..
• In Q2 2026, revenue rose to about $31.56B, up roughly 14–19.6% year over year, while EPS reached $1.21, beating consensus by about 7–8%..
• Net interest income increased around 9% year over year in both Q1 and Q2 2026 to roughly $15.7–16.2B, underpinned by higher net interest income and loan growth..

D.R. Horton

Greg Abel bought $580.5K of D.R. Horton in Q2 2026. In the latest fiscal third quarter ended June 30, 2026, the company delivered consolidated revenues of $9.2 billion and diluted EPS of $3.20, with home sales revenues up 1% year over year and homes closed up 4%, signaling steady operational growth. As America’s largest homebuilder, the company reported fiscal Q3 2025 revenues of $9.2 billion and EPS of $3.36 with a pre-tax margin near 14.7%, and versus that period current-quarter profitability has softened while volumes and order values around $8.4 billion remain broadly stable, indicating it is maintaining scale even as pricing and margins normalize. The key recent catalyst has been the fiscal Q3 2026 earnings beat, with EPS coming in about 7% above consensus and stronger closings pushing the stock higher, suggesting that resilient demand and disciplined execution could support further value creation over the coming quarters despite modest margin compression versus the prior year.

• Fiscal Q3 2026 GAAP consolidated revenues were $9.2 billion, diluted EPS was $3.20, and GAAP net income was $904.9 million.
• Home sales revenues in Q3 2026 increased 1% year over year to $8.7 billion, on 23,983 homes closed, up 4% year over year.
• Fiscal Q3 2025 consolidated revenues were $9.2 billion with net income of $1.0 billion, diluted EPS of $3.36, and a pre-tax margin of 14.7%, with net income down 24% and revenue down 7% year over year.

Added, Trimmed, and Exited

Added

Greg Abel added meaningfully to five existing holdings: Alphabet (shares up from 54.2M to 78.8M, value up 80.5% to $28.16B), Delta Air Lines Inc (shares up from 39.8M to 57.3M, value up 102.9% to $5.37B), Macy's (shares up from 3.0M to 7.3M, value up 214.8% to $173.0M), Lennar (shares up from 10.1M to 13.1M, value up 35.3% to $1.19B), and New York Times Co Mtn Be (shares up from 15.1M to 15.7M, though value slipped 13.4% to $1.10B on price weakness).
What it means: The sharp scale-up in Alphabet and Delta Air Lines Inc suggests Berkshire Hathaway is doubling down on conviction names where fundamentals or valuation improved, with Alphabet in particular now becoming a much larger part of the tech/media exposure. The aggressive add to Macy's and continued build in homebuilder Lennar signal a contrarian bet on cyclical consumer and housing-linked names that have been out of favor, consistent with a value-oriented strategy of buying weakness in durable, moat-protected businesses ahead of an eventual recovery.

Trimmed

Greg Abel reduced five positions: Kroger (shares cut from 50.0M to 39.0M, value down 40.1% to $2.17B), Capital One (shares cut from 7.15M to 3.0M, value down 53.9% to $601.9M), Nucor (shares cut from 3.9M to 1.86M, value down 37.4% to $413.8M), Ally Financial (shares cut from 29.0M to 27.0M, though value rose 9.1% to $1.24B on price appreciation), and DaVita (shares cut from 30.1M to 28.9M, value up 38.9% to $6.43B despite the trim).
What it means: The steep share reductions in Kroger, Capital One, and Nucor point to profit-taking or a reassessment of grocery, consumer credit, and cyclical steel exposure, possibly to fund the larger new bets on banking and housing. Notably, both Ally Financial and DaVita saw share counts trimmed yet dollar values climb, indicating these are modest position-sizing adjustments rather than a loss of conviction, since strong price appreciation more than offset the reduced share count.

Exited

Greg Abel fully exited two positions during the quarter: Bank of America (513.6M shares, worth $25.04B) and Constellation Brands (632,890 shares, worth $94.9M), both liquidated as of the May 15, 2026 filing.
What it means: The Bank of America exit is especially notable because it coincides with the brand-new $27.54B stake in Bank Of Amer Corp, implying this was effectively a technical re-registration or restructuring of the bank holding rather than a true divestiture, keeping large bank exposure intact while shifting the reporting entity. The complete sale of Constellation Brands, by contrast, appears to be a genuine strategic exit from the alcoholic beverage sector, possibly reflecting concerns about slowing consumer demand or margin pressure in that industry.

Disclaimer: All posts are for informational purposes only. They are NOT a recommendation to buy or sell the securities discussed. Please do your own research and due diligence before investing your money.