Warren Buffett's Berkshire Hathaway significantly reduced its position in Capital One (COF) during the second quarter of 2026, selling over 4.15 million shares. The move, disclosed in a mid-August regulatory filing, lowered its stake by 58% to 3.00 million shares, valued at approximately $601.86 million as of June 30. Investors should note that 13F filings are released with a delay and reflect trades made in the prior quarter.
This sale occurred during a period when Capital One reported strong second-quarter earnings, with improving credit conditions. The reduction in Capital One was part of a broader trend for Berkshire in the quarter, as it also trimmed its holdings in other financial institutions like Bank of America and Ally Financial. While Berkshire was a net seller of these specific names, it was a net buyer of equities overall for the first time in 14 quarters.