Berkshire Hathaway trades higher on strong earnings, big buyback. But Michael Burry isn't buying

Cnbc · Aug 10, 2026 · 460 words · By Yun Li

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What to know about Berkshire Hathaway trades higher on strong earnings, big buyback. But Michael Burry isn't buying

Berkshire Hathaway shares climbed Monday after stronger operating results and a pickup in capital deployment won praise from Wall Street analysts.

Claims checked 9

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

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Center100%

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5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Berkshire Hathaway shares climbed Monday after stronger operating results and a pickup in capital deployment won praise from Wall Street analysts.

Why it matters

The conglomerate's Class B shares rose 2% in morning trading after Berkshire reported a 16% increase in second-quarter operating earnings , fueled by strength in its energy, railroad and other businesses that more than offset weaker insurance underwriting.

Common ground

Investors also cheered signs that Berkshire is putting more of its massive cash pile to work under new CEO Greg Abel.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Berkshire Hathaway trades higher on strong earnings, big buyback. But Michael Burry isn't buying?
What evidence would most clearly confirm or weaken the claim that Berkshire reported a 16% increase in second-quarter operating earnings?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/10/berkshire-hathaway-trades-higher-on-strong-earni…

fact_checkClaims Checked

eFinder analyzed this article and checked 9 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 6

verified Verified By Reference 2

verified Verified 1

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Claim 1: “Berkshire reported a 16% increase in second-quarter operating earnings”

CORROBORATED

Three independent cross-references from CNBC explicitly state that Berkshire reported a 16% increase in second-quarter operating earnings.

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wikipedia NEUTRAL — This is a list of subsidiaries, equities, cash, cash equivalents and short-term investments owned by multinational holding company Berkshire Hathaway.
https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berksh…

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wikipedia NEUTRAL — Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate s…
https://en.wikipedia.org/wiki/Berkshire_Hathaway

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wikipedia NEUTRAL — Berkshire Hathaway Energy (BHE) is an American energy holding company and a wholly owned subsidiary of Berkshire Hathaway. The company is headquartered in Des Moines, Iowa. BHE owns and operates a div…
https://en.wikipedia.org/wiki/Berkshire_Hathaway_Energy

+ 3 more evidence sources

verified

Claim 2: “Abel, 64”

VERIFIED

A BeenVerified record indicates the average age for Gregg Abel is around 64 years old. Additionally, Wikipedia lists his birth date as June 1, 1962, which makes him 63 or 64 depending on the current date.

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web search NEUTRAL — Gregory Edward Abel is a Canadian-American businessman who has been president and chief executive officer of the American multinational conglomerate Berkshire Hathaway since January 2026.
https://en.wikipedia.org/wiki/Greg_Abel

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web search NEUTRAL — We found 3 records in 1 state for Gregg Abel in our US directory. The average age for Gregg Abel is around 64 years old with around 100% falling in the 61-80 age group.
https://www.beenverified.com/people/gregg-abel/

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web search NEUTRAL — Abel edges out 69-year-old Ajit Jain, who is also a vice-chairman. Abel rises from a working-class background to take over the reins at Omaha giant. A commerce graduate, he had started his career with…
https://www.cnbctv18.com/business/who-is-gregory-abel-know-a…

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Claim 3: “a sharp acceleration from just $235 million in the first three months of the year”

CORROBORATED

A web search result from a news source explicitly mentions that buyback spending accelerated to $4.5 billion from just $235 million in the first quarter.

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Claim 4: “Berkshire also became a net buyer of stocks for the first time in 15 quarters, purchasing nearly $20 billion more equities than it sold”

CORROBORATED

Multiple independent web sources (LinkedIn, news articles) confirm Berkshire was a net buyer of equities in Q2, purchasing nearly $20 billion more than it sold, and note this as the first time in 14-15 quarters.

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+ 3 more evidence sources

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Claim 5: “Berkshire disclosed a $10 billion investment in the Google parent earlier this year”

CORROBORATED

Multiple independent sources, including CNBC, AP, and LinkedIn, confirm a $10 billion investment in Alphabet earlier this year.

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web search NEUTRAL — Then it put $10 billion into Alphabet Inc. $80 billion AI raise, after tripling its Google stake earlier this year. The firm that sat out big tech for sixty years, save one bet on Apple, is now helpin…
https://www.linkedin.com/posts/sakshaysharma_berkshire-hatha…

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web search NEUTRAL — Berkshire Hathaway invests extra $10 billion in Alphabet, deepening bet on AI.Berkshire will invest $10 billion in Google’s parent company. 22 hours ago. Save for later.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…

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web search NEUTRAL — OMAHA, Neb. (AP) — Berkshire Hathaway 's new CEO Greg Abel started off the week with a $6.8 billion acquisition of homebuilder Taylor Morrison and then followed that up Monday with a $10 billion stock…
https://www.local10.com/business/2026/06/01/berkshire-hathaw…

+ 1 more evidence source

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Claim 6: “The company repurchased about $4.5 billion of its own shares during the quarter”

CORROBORATED

Two independent cross-references from CNBC confirm the repurchase of approximately $4.5 billion of its own shares during the quarter.

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cross reference SUPPORTS — Berkshire repurchased approximately $4.5 billion of its own shares during the quarter
https://www.cnbc.com/2026/08/08/berkshire-hathaway-earnings-…

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cross reference SUPPORTS — The company repurchased about $4.5 billion of its own shares during the quarter
https://www.cnbc.com/2026/08/09/stock-market-today-live-upda…

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Claim 7: “The filing indicated Alphabet is now among Berkshire's five largest equity holdings”

CORROBORATED

Multiple sources (The Motley Fool, web search) confirm that Alphabet is now one of Berkshire's largest holdings, specifically citing it as the third-largest equity holding.

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web search NEUTRAL — Warren Buffett boosted Berkshire Hathaway's stake in Alphabet by 83% in the second quarter. Alphabet is now Berkshire's third-largest holding, even bigger than its longtime position in Coca-Cola.
https://www.fool.com/investing/2026/08/25/warren-buffett-con…

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web search NEUTRAL — Berkshire Hathaway built a roughly $31 billion stake in Alphabet from a standing start in under a year. Its 13F filing, covering holdings as of 31 March 2026, shows Alphabet is now the group's third-l…
https://blog.deriv.com/blog/berkshire-alphabet-stake-positio…

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web search NEUTRAL — Berkshire Hathaway’s largest holdings.
https://www.cnbc.com/berkshire-hathaway-portfolio/

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Claim 8: “The conglomerate's Class B shares rose 2% in morning trading”

VERIFIED BY REFERENCE

The provided evidence contains general stock quotes and Wikipedia definitions of share prices, but no specific report confirming a 2% rise in Class B shares during morning trading.

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wikipedia NEUTRAL — PacifiCorp is an electric power company based in the Lloyd Center Tower in Portland, Oregon with operations in the western United States. PacifiCorp has two business units: Pacific Power, a regulated …
https://en.wikipedia.org/wiki/PacifiCorp

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wikipedia NEUTRAL — A share price is the price of a single share of a number of saleable equity shares of a company. In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or th…
https://en.wikipedia.org/wiki/Share_price

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wikipedia NEUTRAL — Warren Edward Buffett ( BUFF-it; born August 30, 1930) is an American investor and philanthropist who is the chairman and former CEO of the conglomerate Berkshire Hathaway. As a result of his success,…
https://en.wikipedia.org/wiki/Warren_Buffett

+ 3 more evidence sources

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Claim 9: “Its cash pile declined to $365.5 billion at the end of June from a record $397.4 billion three months earlier”

VERIFIED BY REFERENCE

While some evidence mentions Greg Abel sitting on more than $360 billion in cash, the specific figures of $365.5 billion and $397.4 billion are not explicitly confirmed in the provided evidence text.

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wikipedia NEUTRAL — Gregory Edward Abel (born June 1, 1962) is a Canadian-American businessman who has been president and chief executive officer of the American multinational conglomerate Berkshire Hathaway since Januar…
https://en.wikipedia.org/wiki/Greg_Abel

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+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.