Early Edition
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| FILED · SAT, AUG 15, 2026 · 6:00 AM ET |
AHEAD: ~2 DAYS |
Abel opened Berkshire’s checkbook. The money came from a lieutenant who left in December.
By Saturday morning, threads reading Friday’s 13F had settled on one label: Abel is dismantling Buffett. Our read is different. The cash streak did break, but the trades that ended it came from a book that lost its manager in December.
The threads were awake before the local news finished the weather. By midnight the top of r/valueinvesting had circled three names: Constellation Brands, Nucor, and Capital One. The crowd’s word for the pattern was “cleaned.”
The document reads plainly. Berkshire filed at 5:04 PM ET on Friday.
Constellation Brands, gone. Nucor, cut fifty-two percent. Capital One, cut fifty-eight percent.
On the buy side, Alphabet vaulted to a top-three Berkshire holding. Delta Air Lines went up forty-four percent. Homebuilders rose across three names.
What the crowd calls Abel’s iconoclasm is real.
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With a powerful market prophecy that has correctly predicted some of the biggest market booms going back to 1950…
Giving Americans a rare and perhaps last chance to turn a small stake into an entire six-figure nest egg in the next 12-18 months.
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VERIFICATION · checked overnight |
We opened Berkshire’s Q2 13F on SEC EDGAR alongside the December 8 announcement of Todd Combs’s move to JPMorgan. The two documents sit closer together than the mainstream framing suggests.
THE THREAD SAID
“Abel is dismantling Buffett’s legacy one position at a time.”
verified ▼
THE FILING SHOWS
$23,470,000,000
Berkshire committed twenty-three point four seven billion to Q2 equity purchases against three point six nine in sales. That is the first net-buying quarter in fourteen. Three and a half years of standing at the register. It reads less like Abel breaking with Buffett than a lieutenant’s book being closed.
One line from last December explains the whole page. Todd Combs left Berkshire on December 8 for JPMorgan Chase. He now runs a ten-billion-dollar Strategic Investment Group for Jamie Dimon.
Combs was Buffett’s investment lieutenant for fifteen years. Berkshire has never publicly attributed which positions he ran. Analysts long assumed the smaller ones were his.
In Q1, Abel exited sixteen of those. In Q2, he cleared the rest of the ledger.
$397.4B▼$365.5B
BERKSHIRE CASH · Q1 END TO Q2 END, 2026
Picture the statement on your kitchen table. It lands once a quarter with your 401(k) balance across the top.
Constellation Brands sits on that statement. Nucor sits on it. Capital One sits on it.
Not because you picked them. A fund you own bought them, in part because Berkshire had endorsed them. That endorsement rested on two chairs.
Combs vacated one in December. Abel emptied the other on Friday.
VERIFIED AGAINST · Berkshire Hathaway Q2 2026 Form 13F, SEC EDGAR · Berkshire Q2 2026 10-Q · Berkshire Dec 8, 2025 announcement, T. Combs to JPMorgan · CNBC · Motley Fool · Benzinga
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TIMELINE · when it breaks |
Credit the crowd for the catch. The frame is still half wrong. The sells read like a departed manager’s book being closed. The buys sketch Abel’s own direction.
Read what he is buying. Alphabet stands at $37.8 billion, up more than 45 percent in Class A alone. Delta trails at $5.4 billion. Lennar rose thirty percent, and D.R. Horton returned to the shelf.
That is your map for what Berkshire looks like now.
HOW IT TRAVELS
DEC 8, 2025 Berkshire announces Todd Combs leaving for JPMorgan. Wire runs, market moves on.
FRI, 5:04 PM ET Berkshire files the Q2 13F. Net buyer for the first time in fourteen quarters.
FRI OVERNIGHT Reddit and StockTwits threads label it as Abel dismantling Buffett. The December link goes unmentioned.
SAT, 6:00 AM ET ▶ NOW You are reading it.
WHEN IT BREAKS Sunday papers frame the Alphabet bet. Monday morning cable stitches the Combs step. You had both on Saturday.
After 14 Quarters of Selling, Berkshire Opens the Checkbook
$23 billion in Q2 purchases as Alphabet joins the top three; longtime positions pay for the pivot.
WHY YOU HAVE IT NOW · The 13F dropped Friday after close. The link back to the December departure is the step the Monday desk has not stitched yet.
The crowd is surprised on Saturday because no one read the departure notice in December. You did not have to.
The Q2 filing did not create the correction. It settled it.
One ledger stopped writing entries in December. Another began on Friday.
The next statement on your kitchen table will read differently. The reason ran on the wire in December, for one afternoon.
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