As Greg Abel began using Berkshire's huge cash reserves, the company increased its holdings in Delta Air Lines and Google's parent company Alphabet. According to Friday's regulatory filings, in the second full quarter after Abel succeeded Chairman Warren Buffett as CEO, Berkshire increased its holdings by 17.5 million shares of Delta Air Lines, and the value of its holdings increased to $5.37 billion by the end of June. Abel also increased its holdings of Alphabet shares by 48.1 million shares, making it Berkshire's third-largest holdings, with a mid-year position value of 37.8 billion US dollars. When announcing its second-quarter results last week, Berkshire said that it also spent about 4.5 billion US dollars to buy back its own shares during the quarter, while also making a net purchase of nearly 20 billion US dollars of other stocks. As of mid-year, the company held $365.5 billion in cash, down from a record of $397 billion at the end of March.

As Greg Abel began using Berkshire's huge cash reserves, the company increased its holdings in Delta Air Lines and Google's parent company Alphabet. According to Friday's regulatory filings, in the second full quarter after Abel succeeded Chairman Warren Buffett as CEO, Berkshire increased its holdings by 17.5 million shares of Delta Air Lines, and the value of its holdings increased to $5.37 billion by the end of June. Abel also increased its holdings of Alphabet shares by 48.1 million shares, making it Berkshire's third-largest holdings, with a mid-year position value of 37.8 billion US dollars. When announcing its second-quarter results last week, Berkshire said that it also spent about 4.5 billion US dollars to buy back its own shares during the quarter, while also making a net purchase of nearly 20 billion US dollars of other stocks. As of mid-year, the company held $365.5 billion in cash, down from a record of $397 billion at the end of March.