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Berkshire Hathaway recently released its Form 10-Q report for the second quarter. Here are some brief highlights from the release.

1. 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.
2. Berkshire’s operating earnings increased by 15.5% during Q2 almost entirely from insurance-underwriting and insurance-income.
3. 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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