[Berkshire Shifts from Patient Waiting to Taking Action, Ending 14 Consecutive Quarters of Net Selling, with Approximately $20 Billion in Net Stock Purchases in Q2] BlockBeats News, August 8: Berkshire Hathaway released its Q2 2026 financial report today. The most notable point for the market is that its cash reserves dropped to $365.51 billion in the second quarter, down from approximately $397.4 billion in the first quarter. This marks the end of Berkshire's 14 consecutive quarters of net selling, transitioning to significant net buying for the first time since Q4 2022. According to the financial report, Berkshire made net stock purchases of nearly $20 billion in the second quarter, including approximately $10 billion in a private placement of Alphabet, Google's parent company, to support investments such as its AI data centers. Additionally, it spent about $6.8 billion to acquire homebuilder Taylor Morrison in a full acquisition, which was not entirely a public market stock transaction. Around $4.5 billion was used for share buybacks of its own stock. After accounting for these major transactions, there remains approximately $3 billion in "unexplained" net equity purchases in the public market, with specific stocks to be disclosed in the 13F filing around August 14. Alphabet has now officially entered Berkshire's top five holdings, alongside American Express, Apple, Bank of America, and Coca-Cola. These five major holdings collectively account for approximately 66% of Berkshire's stock investment portfolio. Warren Buffett previously stated that the prolonged period of net selling was primarily due to high market valuations, making it difficult to find sufficiently attractive opportunities. This recent shift is seen as a clear signal of more proactive capital allocation under Abel's leadership as CEO, with Berkshire moving from "patient waiting" to "taking action."