Berkshire Hathaway’s Greg Abel Bought Back a Record $9.6 Billion of Stock Last Quarter. Here’s Why That Pace Might Not Continue.
Greg Abel, Berkshire Hathaway's new CEO, executed a record $9.6 billion in share buybacks during Q3 2026, surpassing Warren Buffett's previous quarterly record. However, the pace is likely to slow significantly as Berkshire's stock price has climbed above key valuation thresholds. With the price-to-book ratio now at 1.6 (compared to Buffett's previous buyback threshold of 1.5), Abel is unlikely to continue aggressive repurchases unless the stock price pulls back, adhering to Buffett's principle that buybacks should only occur at discounts to intrinsic value.




