Berkshire Hathaway's quarterly profit roughly doubled, driven by a near $13 billion gain on its equity holdings, while operating profit grew a steadier 16%. The company deployed $32 billion from its cash reserves into new investments, including a stake increase in Alphabet, though the cash pile still sits close to $360 billion. Berkshire also repurchased shares and is financing construction of a large natural gas power plant in Texas.
Berkshire's $32 billion deployment signals that Buffett sees selective value after months of cash accumulation, which gives institutional investors a reference point for risk appetite. The Alphabet stake increase adds indirect AI exposure to a portfolio historically shy of technology. Berkshire's own stock (BRK.B) tends to move on operating profit trends, where the 16% gain is the more durable signal than the investment-gain windfall.
Berkshire annual shareholder meeting: May 3. Next 13-F filing (reveals full portfolio changes as of June 30): mid-August. Q2 earnings report: late July to early August.
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