Image Source: PexelsBerkshire Hathaway recently released its Form 10-Q report for the second quarter. Here are some brief highlights from the release.
Berkshire sold about half of its stake in Apple (AAPL) during Q2 and increased its cash by $88 billion from $189 billion to $277 billion. Since Buffett focuses on cash levels excluding cash at the company’s railroad and utility businesses, by that measure, cash stood at $271.5 billion, up from $182 billion on March 31.
Berkshire’s operating earnings increased by 15.5% during Q2 almost entirely from insurance-underwriting and insurance-income.
Berkshire repurchased just $345 million of stock in Q2, one of the lowest quarterly totals in several years. That compares with $2.6 billion in the first quarter of 2024 and $2.2 billion in the fourth quarter of 2023.
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