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These are the highlights of Berkshire Hathaway’s (BRK-A) (BRK-B) 2021 second quarter earnings report.

1. Berkshire Hathaway Q2 operating earnings were reported to be up 21%.
2. Berkshire Hathaway cash on June 30, 2021 equals $144.1 billion, down from $145.4 billion on March 31, 2021.
3. Berkshire Hathaway’s Q2 stock buybacks equaled $6.0 billion, down from $6.6 billion in Q1. The Class A shares were bought back at an average price of $428,138, while Class B shares were bought back at an average price of $276.32. (Note: The Class B shares were bought back at an average price of $286.10 during May, 2021.)
4. Berkshire was a net seller of stocks in Q2 by $1.1 billion, reducing holdings in “Commercial, industrial and other” by $2 billion on a cost basis. “Banks, insurance and finance” increased by $650 million on a cost basis, and “Consumer products” were up by $100 million on a cost basis from Q1. (Note: possible reductions may have included continuing sales from the first quarter in Chevron (CVX) and/or pharmaceutical stocks.) Berkshire’s portfolio as of June 30, 2021 is due to be reported after the market closes on Monday, Aug. 16 in its SEC Form 13F filing.
5. Berkshire’s book value per Class A share (Q2) was reported to be $315,088, up 7% from $294,000 (Q1). Berkshire’s price/book value was reported to be $430,160/315,088 = 1.37, slightly below average for Berkshire in recent years.
6. Berkshire has apparently bought back 4,181 Class A shares (or equivalent) in Q3 through July 26 for about $1.8 billion.