Berkshire Hathaway Reduced Nucor Stock Stake in 2026
The firm sold millions of shares across the first two quarters of 2026, significantly trimming its position in the steelmaker.
Updated on Oct. 6, 2026 in Public Companies
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During the first half of 2026, Berkshire Hathaway significantly decreased its holdings in Nucor. The company offloaded over 6.6 million shares total during the first two quarters of the year.
Why it matters
The divestment follows Berkshire Hathaway CEO Greg Abel’s move to adjust the company’s portfolio. These sales took place as the broader market significantly outperformed Berkshire Hathaway’s own stock gains for the year.
Berkshire Hathaway sold 2,500,674 shares in the first quarter and 4,150,000 shares in the second quarter of 2026. The firm held 1,857,752 shares at the end of the second quarter, when Nucor stock closed at $222.75 per share.
The players
Berkshire Hathaway
This multinational conglomerate holding company is based in the United States and led by CEO Greg Abel.
Nucor
This is a major American steel producer and manufacturer of steel products.
Greg Abel
He serves as the CEO of Berkshire Hathaway and manages the company's investment portfolio strategy.
The details
The divestment occurred during a period where Nucor saw its stock price rise from $169.10 at the end of Q1 to $222.75 by the end of Q2. These strategic adjustments were overseen by Greg Abel as he continued his leadership transition at Berkshire Hathaway.
Timeline
Berkshire sold 39% of its Nucor position in Q1 2026.
Berkshire sold 52% of its Nucor position in Q2 2026.
The third-quarter 13F filing is due by Nov. 16, 2026.
Market Landscape
The divestment reflects a strategic shift within Berkshire Hathaway’s portfolio management under new leadership. This movement contrasts with the performance of the broader market, which saw the SPDR S&P 500 ETF Trust gain 14.4% in 2026 compared to Berkshire’s 2.2% gain.
For investors tracking Berkshire Hathaway, these sales signal a lower confidence in the long-term outlook for steel manufacturers compared to other sectors. Retail investors may note these trends when evaluating their own positions in industrial or commodity-linked stocks.
The takeaway
Large-scale divestments by major holding companies often serve as a signal for broader sector sentiment rather than isolated financial decisions. Investors should monitor subsequent quarterly filings to determine if this reduction indicates a permanent shift away from the steel industry.
What happens next
Berkshire Hathaway will publish its next mandatory 13F disclosure detailing portfolio changes for the third quarter of 2026 by Nov. 16, 2026.
Further reading
For more information on the firm's portfolio changes, visit Public Companies.
Source note: This article includes information reported by Benzinga.
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