Berkshire Hathaway, under the leadership of Warren Buffett, maintains a disciplined approach to capital allocation, focusing on high-conviction equity positions, massive short-term U.S. Treasury bill reserves, and selective corporate buybacks. While specific quarterly equity transactions fluctuate based on market valuations and regulatory disclosures, Buffett consistently targets cash-generative businesses with robust economic moats, strong management teams, and reasonable valuation multiples rather than chasing speculative short-term market trends.