Berkshire Hathaway Increases Holdings in Alphabet and Delta Air Lines While Repurchasing $4.5 Billion of Its Own Stock
Under new CEO Greg Abel, Berkshire Hathaway has been actively investing its cash reserves during the second quarter by significantly increasing holdings in Alphabet (GOOGL/GOOG) and Delta Air Lines (DAL). The company added millions of shares to both positions, with a notable increase of 44% in Delta. Additionally, Berkshire spent $4.5 billion repurchasing its own Class B stock at an average price around $480 per share. Berkshire ended the quarter with approximately $359.2 billion in cash and short-term investments, indicating that Abel is following Warren Buffett’s investment philosophy but appears more aggressive about deploying capital. The company only repurchases shares when its CEO determines they are undervalued relative to intrinsic value — a key signal for investors. Berkshire's recent moves reflect confidence in both external market opportunities and the valuation of its own stock, offering insight into how management views current investment prospects across different sectors.
Topics: Alphabet Berkshire Hathaway Delta Air Lines Greg Abel Stock Purchases