Berkshire Boosts Delta, Alphabet Stakes as Abel Taps Cash Pile

Berkshire Hathaway increased its holdings in Delta Air Lines Inc. and Alphabet Inc. during the second quarter. Under the direction of Greg Abel, the company utilized its significant cash reserves to expand these positions. Notably, Berkshire Hathaway boosted its stake in Alphabet by 83%, establishing the Google parent company as its third-largest stock holding. Simultaneously, the firm reduced its exposure to the banking sector as part of a strategic shift in its investment approach.