Buffett, who oversees the company’s share repurchase programme, stopped buying back Berkshire shares in May 2024. He repurchases stock when he “believes that the repurchase price is below Berkshire’s intrinsic value”, according to company filings.

Berkshire Hathaway didn’t just report earnings this quarter; it sent a clear message. In Q2 2025, Warren Buffett’s timeless investment firm posted $12.37 billion in net earnings to shareholders, down sharply from $30.3 billion in the year-ago period.

The above list of potential stocks that Buffett didn't buy in Q2 isn't exhaustive by any means. However, there's one slam-dunk stock that Buffett didn't buy in Q2: Berkshire Hathaway itself. Berkshire's 10Q for the second quarter stated bluntly, "There were no share repurchases during the first six months of 2025."