Berkshire Hathaway boosted its cash holdings above $380 billion in the first quarter under new CEO Greg Abel, extending its stock selling streak to 14 consecutive quarters. The conglomerate sold $24 billion worth of equities while purchasing $15.9 billion, marking the largest quarter of stock disposals since 2024 when it dumped a significant portion of its Apple stake. This continued divestment strategy has left Berkshire with substantial dry powder for potential acquisitions.

Net income more than doubled year-over-year to $10.1 billion, with operating earnings across subsidiaries rising 18% to $11.3 billion. While some cash is required to meet insurance regulatory requirements, analysts believe Berkshire still has considerable funds available for major acquisitions or minority stakes in public companies. The company purchased $234 million of its own shares in March, the first such buyback in 22 months and directed by Abel himself.

Investors closely watched the annual "Woodstock for capitalists" meeting in Omaha for signs of how Abel's leadership differs from Buffett's. The transition from the legendary CEO has been a central topic, with many questioning whether Abel would deviate from established strategies. Abel acknowledged he's "his own man" who will make changes while maintaining consistency with his previous leadership approach.