During the second quarter, Berkshire Hathaway increased its investment in Alphabet by $17 billion, elevating the parent company of Google to become the conglomerate's third-largest stock holding, valued at approximately $36.6 billion. Roughly 60 percent of the newly acquired shares were obtained through a $10 billion private placement deal revealed in June, with the remainder purchased on the open market. CEO Greg Abel, who succeeded Warren Buffett at the beginning of the year, also raised Berkshire's ownership in Delta Air Lines by 44 percent. This marks the first quarter in 14 where Berkshire has engaged in net stock purchases, despite investor Michael Burry openly questioning whether Abel’s initial strategy aligns with Buffett’s renowned investment principles.
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