--- title: "Greg Abel Made Major Additions to Alphabet and Delta Last Quarter While Berkshire Bought Back $4.4 Billion of Its Own Stock. Is This a Buying Signal Investors Should Watch?" type: "News" locale: "en" url: "https://longbridge.com/en/news/302193411.md" description: "Berkshire Hathaway CEO Greg Abel significantly increased holdings in Alphabet and Delta Air Lines during Q2, while also repurchasing $4.5 billion of Berkshire's own stock. This aggressive deployment of capital signals Abel's willingness to invest when valuations are attractive. The buybacks, conducted only when shares trade below intrinsic value, suggest management views the stock as undervalued, providing a potential buying signal for investors." datetime: "2026-10-17T22:50:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302193411.md) - [en](https://longbridge.com/en/news/302193411.md) - [zh-HK](https://longbridge.com/zh-HK/news/302193411.md) generator: "portal-rs" --- # Greg Abel Made Major Additions to Alphabet and Delta Last Quarter While Berkshire Bought Back $4.4 Billion of Its Own Stock. Is This a Buying Signal Investors Should Watch? When Warren Buffett stepped down as CEO of **Berkshire Hathaway** (BRKA +1.08%) (BRKB +1.21%), there were a lot of eyes on his successor, Greg Abel. Would Buffett's replacement follow the Oracle of Omaha's approach to buying stocks? Less than a year into Abel's tenure, we're getting an answer. Berkshire went on a buying spree during the second quarter, adding to its positions in **Alphabet** (GOOGL -2.47%) (GOOG -2.32%) and **Delta Air Lines** (DAL -3.47%). And another purchase stood out -- $4.5 billion of Berkshire Hathaway's own stock. Here's what that means for investors. ![Berkshire Hathaway CEO Greg Abel.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84ODQwNDMvZ3JlZ29yeV9hYmVsX2JlcmtzaGlyZS1oYXRoYXdheS1pbmNfY2VvX2ltYWdlc291cmNlX2dldHR5LWltYWdlc180N2VkaXRlZF9ibHVlLnBuZyZ3PTM4NDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Berkshire Hathaway CEO Greg Abel. Image source: Getty Images. ## Berkshire is putting its cash to work For years, Buffett accumulated an enormous cash reserve at Berkshire Hathaway, preferring to wait for attractive investment opportunities rather than overpay for stocks. That approach helped Berkshire build a reputation for finding companies with strong competitive advantages and buying their shares when they traded below their intrinsic value -- what the underlying business is actually worth. Abel appears to be following that philosophy, although he's becoming more aggressive about putting Berkshire's money to work. During the second quarter, Berkshire increased its Alphabet holdings substantially, adding millions of shares of the Google parent company. It also bought an additional 17.5 million shares of Delta, increasing its stake by 44%. Berkshire opened a position in Delta during the first quarter -- Abel's first as CEO -- and now has more than 57 million shares of Delta stock. ## BRKB - Berkshire Hathaway $532.02+$6.34 (+1.21%) NYSE · As of 4:00 PM ET 10/16/26 ### Key data points Market capMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.$1.14T Day's range$528.00 - $532.64 52wk range$464.01 - $537.74 Volume4.1M Avg volume4.4M Gross margin23.52% Berkshire ended June with approximately $359.2 billion in cash and short-term investments. Even after its recent purchases, Abel has plenty of money available for additional investments. ## Why Berkshire's buybacks matter Berkshire Hathaway spent approximately $235 million buying back shares during the first quarter, then increased that amount to $4.5 billion in the second quarter. Berkshire has a specific rule governing repurchases. According to its second-quarter regulatory filing, the company can buy back shares only when its CEO determines that the price is below Berkshire's conservatively estimated intrinsic value. So, Abel isn't buying Berkshire shares simply because the company has money available. He's buying because he believes the stock offers value. Berkshire purchased Class B shares at an average price of $476.01 in May and $487.98 in June. Those figures give investors something useful -- actual prices at which Berkshire's leadership was willing to invest billions of dollars in its own business. ## Should you buy Berkshire Hathaway stock, too? One of Berkshire Hathaway's strengths is that it's a conglomerate -- the company owns dozens of businesses, including insurance companies, consumer goods such as Duracell, and iconic brands like Dairy Queen. It also has a huge investment portfolio, with large stakes in blue chip companies like **Apple** and **Bank of America**. That means it has exposure to several different parts of the economy. For investors considering Berkshire Hathaway, the company's recent repurchases provide a useful starting point for evaluating the stock. After all, when Berkshire's own management is willing to spend billions buying its shares, that's worth a closer look. ### Related Stocks - [BRK.A.US](https://longbridge.com/en/quote/BRK.A.US.md) - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [DAL.US](https://longbridge.com/en/quote/DAL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [BRKD.US](https://longbridge.com/en/quote/BRKD.US.md) - [BRKU.US](https://longbridge.com/en/quote/BRKU.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [GOIB.US](https://longbridge.com/en/quote/GOIB.US.md) - [GOOL.US](https://longbridge.com/en/quote/GOOL.US.md) - [GOOP.US](https://longbridge.com/en/quote/GOOP.US.md) - [GOOW.US](https://longbridge.com/en/quote/GOOW.US.md) - [GOOX.US](https://longbridge.com/en/quote/GOOX.US.md) - [GOOY.US](https://longbridge.com/en/quote/GOOY.US.md) - [GOU.US](https://longbridge.com/en/quote/GOU.US.md) - [07777.HK](https://longbridge.com/en/quote/07777.HK.md) - [BRKC.US](https://longbridge.com/en/quote/BRKC.US.md) - [BRKW.US](https://longbridge.com/en/quote/BRKW.US.md) ## Related News & Research - [Google releases Gemini 4 Carbon with agent ‘swarm’ feature](https://longbridge.com/en/news/305042685.md) - [Alphabet Appoints Joint Global Coordinators For Potential Inaugural Dual Currency Bond Offering, Term Sheet Shows](https://longbridge.com/en/news/305096718.md) - [Greg Abel Has Plowed $14.4 Billion Into Warren Buffett's Favorite Stock This Year, and It's Not Apple](https://longbridge.com/en/news/305290412.md) - [Google agrees to addition privacy protections in Spirit Airlines data sale](https://longbridge.com/en/news/305045160.md) - [Setback for Google as EU Court adviser backs $1.7 billion antitrust fine](https://longbridge.com/en/news/305284901.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**