Berkshire Hathaway Liquidated Most Nucor Holdings
The conglomerate shed over 90% of its Nucor position across the first two quarters of 2026.
Updated on Oct. 6, 2026 in Public Companies
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Berkshire Hathaway significantly reduced its Nucor equity stake throughout the first half of 2026. The conglomerate sold millions of shares in both the first and second quarters under the oversight of CEO Greg Abel.
Why it matters
The divestment signals a strategic pivot in Berkshire Hathaway’s capital allocation, moving away from a long-held manufacturing position. Operators should monitor how such large-scale institutional shifts in major steel-industry holdings impact sector liquidity and market sentiment.
Berkshire Hathaway reduced its Nucor holdings by 39% in the first quarter of 2026 and by 52% in the second, liquidating over 6.6 million shares total. By the end of Q2, the company held 1,857,752 shares, down from its start-of-year position.
The players
Berkshire Hathaway
A massive multinational conglomerate led by CEO Greg Abel that maintains a diverse portfolio of insurance, energy, and manufacturing businesses.
Nucor
A major American producer of steel and steel products that serves as a key indicator for industrial and construction sector health.
Greg Abel
The CEO of Berkshire Hathaway responsible for managing the firm’s massive capital allocations and equity portfolio strategy.
The details
Berkshire Hathaway offloaded 2,500,674 shares during the first quarter and an additional 4,150,000 shares throughout the second quarter. The shares were sold as Nucor’s price appreciated, moving from a closing price of $169.10 at the end of Q1 to $222.75 at the end of Q2. This reduction occurred while Berkshire Hathaway’s own stock saw a 2.2% gain, trailing the 14.4% gain of the SPDR S&P 500 ETF Trust over the same period.
Timeline
• Berkshire sold 39% of its Nucor position during Q1 2026.
• Berkshire sold 52% of its Nucor position during Q2 2026.
• The next 13F filing is due by Nov. 16, 2026.
Market Landscape
This activity follows the mandatory disclosure transparency pattern established by the Securities and Exchange Commission 13F filing requirements. The shift reflects a broader adjustment in institutional portfolios that must be publicly reported on a quarterly basis.
The liquidation of a major steel holding by a bellwether investor suggests that supply-side industrial assumptions should be re-examined. Operators should track their own steel procurement costs and vendor stability in light of shifting institutional interest in the sector.
The takeaway
Large-scale divestments from industrial bellwethers like Nucor signal a need to stress-test your supply chain assumptions against broader market trends. Keep a close watch on the upcoming Nov. 16, 2026, 13F disclosure to see if Berkshire Hathaway has exited its remaining 1.85 million-share stake.
What happens next
Berkshire Hathaway is scheduled to release its third-quarter 13F filing by Nov. 16, 2026, which will confirm if the firm eliminated its remaining Nucor position.
Further reading
For more on how institutional investors disclose changes, visit our guide on Public Companies.
Source note: This article includes information reported by Benzinga.
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