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Berkshire Raises Cash to $373B, Buys OxyChem

5/10/2026

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Summary

Story summary

Berkshire Hathaway spent more on acquisitions than equity sales in Q1 2026, lifting cash to $373 billion from $129 billion as Warren Buffett, former CEO, retired.
Greg Abel, CEO and Ted Weschler bought $16 billion of equities in the quarter.
Berkshire sold $24 billion of equities, including Todd Combs’ assets, and bought OxyChem for $9.7 billion cash-net.
Buffett said the market is not ideal for deployment, implying Berkshire sees most equity holdings as overvalued.

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Story summary

Berkshire Hathaway spent more on acquisitions than equity sales in Q1 2026, lifting cash to $373 billion from $129 billion as Warren Buffett, former CEO, retired.
Greg Abel, CEO and Ted Weschler bought $16 billion of equities in the quarter.
Berkshire sold $24 billion of equities, including Todd Combs’ assets, and bought OxyChem for $9.7 billion cash-net.
Buffett said the market is not ideal for deployment, implying Berkshire sees most equity holdings as overvalued.