The Kobeissi Letter, a markets commentary publication, reported on Saturday, November 7, 2026, that Berkshire Hathaway has substantially ramped up its capital deployment. The publication stated that Berkshire Hathaway "more than doubled its stock buybacks in Q3 2026, repurchasing $9.6 billion of its own shares. This brings total buybacks in 2026 to $14.4 billion, marking a sharp reversal after the company paused repurchases for nearly 22 months. Berkshire also revealed that it has been a net buyer of stocks in 2026, with net purchases hitting +$11.2 billion YTD. This compares to net stock sales of -$10.6 billion over the same period in 2025. Berkshire is deploying capital again."
This capital deployment shift follows a period of reduced activity, contrasting with 2025's net stock sales. The recent earnings cycle for other companies has shown mixed results, with Macy's reporting a significant earnings decline and Oklo stock surging on an earnings beat. Meanwhile, a strong jobs report has increased the probability of a December rate hike, indicating a dynamic economic backdrop as major firms adjust their strategies.
The Kobeissi Letter's report suggests that Berkshire Hathaway, under Warren Buffett, is signaling confidence in current market valuations by actively repurchasing its own shares and becoming a net buyer of other stocks. This strategic pivot could imply a belief in underlying market strength or attractive investment opportunities, potentially influencing other institutional investors' capital allocation decisions moving forward.
