Berkshire Hathaway Inc. significantly increased its investments in Delta Air Lines Inc. and Alphabet Inc. during the second quarter. This move signals a strategic deployment of the company's substantial cash reserves under the leadership of Greg Abel, who is now actively managing these funds.

The filings revealed that Berkshire Hathaway acquired an additional $70 million in Delta Air Lines stock, bringing its total stake to over $1 billion. Concurrently, the conglomerate also boosted its position in Alphabet, adding more than $3.6 billion in shares. These purchases highlight a renewed confidence in the travel and technology sectors by the investment giant.

This period marks a notable shift as Berkshire Hathaway, known for its substantial cash holdings, is now actively deploying capital. While the exact strategy behind these specific investments is not fully disclosed, the increased stakes in these prominent companies suggest a belief in their long-term growth potential and a deliberate effort by Greg Abel and his team to put the company's financial strength to work.