Overview
- Greg Abel put about $35 billion to work for Berkshire in the second quarter, ending a multi-quarter run of net selling and restarting large-scale deployment of the company’s cash.
- Berkshire increased its Alphabet holding to roughly 106 million shares valued near $36.6–$38 billion with about $10 billion bought directly from Alphabet in a disclosed private placement.
- The firm also raised positions in Delta Air Lines and multiple homebuilders and moved to acquire Taylor Morrison in a deal valued at about $6.8 billion for equity and $8.5 billion on an enterprise basis.
- Berkshire executed share buybacks and reduced cash and Treasuries into the mid-$300 billions, reflecting both open-market buys and the private-placement outlay.
- The concentrated, tech-heavy purchases have prompted investor scrutiny over valuation discipline and long-term risk while Warren Buffett remains involved in major decisions.