Jade Carter
Warren Buffett was a net seller of stocks for 13 consecutive quarters before stepping down as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) at the end of 2025. Don’t think for a second that the legendary investor has retired, though. New Berkshire CEO Greg Abel recently disclosed that Buffett still comes into the office “five days a week.”
Abel didn’t discuss the details of what Buffett is up to these days. However, we can know one thing for certain: There’s one stock Buffett is clearly buying right now. And it’s none other than Berkshire Hathaway itself.
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Berkshire Hathaway submitted a regulatory filing to the U.S. Securities and Exchange Commission (SEC) on March 4, 2026, disclosing that it began repurchasing shares. Abel confirmed the stock buybacks in an interview with CNBC the same day.
Buffett was 100% on board with the decision to resume share repurchases after a long hiatus. Abel told CNBC that he “consulted with Warren relative to the value and the timing” of the buybacks. Berkshire’s stock repurchase program, adopted by the company’s board of directors last year, stipulates that the CEO must consult with the Chairman of the Board (Buffett).
The fact that Buffett favors buying Berkshire stock again raises an obvious question: Why? Fortunately, the answer to that question is easy. Berkshire will only repurchase its shares when Abel and Buffett both believe that the share price is below the stock’s intrinsic value from a conservative viewpoint.
At first glance, the stock buyback might be surprising. Berkshire’s share price is actually higher now than it was during much of the period when Buffett didn’t repurchase shares. What has changed along with Berkshire’s share price, though, are external dynamics. With oil prices soaring, the economy weakening, and inflation potentially resurging, Abel and Buffett obviously see Berkshire Hathaway as the best buying opportunity around.
This stock buyback is Abel’s first big move as Berkshire’s new CEO. As we’ve discussed, though, the decision was blessed by Buffett before even the first share was repurchased.
Buffett left Abel with plenty of cash to use. Berkshire’s cash, cash equivalents, and short-term investments totaled $373 billion at the end of 2025, with much of it in U.S. Treasuries. This amount exceeds the market cap of 477 of the companies in the S&P 500 (SNPINDEX: ^GSPC).
