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International Business Times
International Business Times
Business

Berkshire Hathaway's Stock Jumps As Earnings Climb And Its CEO Resumes Large Investments

Berkshire Berkshire Hathaway Greg Abel Warren Buffet Warren Buffett
Berkshire Hathaway CEO Greg Abel has begun deploying the holding's massive cash pile, accumulated during the latter years of Warren Buffet's tenure as head of the company. (Credit: Getty Images)

Berkshire Hathaway CEO Greg Abel has begun deploying the holding's massive cash pile, accumulated during the latter years of Warren Buffet's tenure as head of the company.

The holding's cash pile decreased by more than $30 billion during the second quarter, CNBC detailed. Actions included repurchasing billions of its own shares and about $20 billions in net purchases of stocks. A key investment was Alphabet, which was among Berkshire's five largest holdings by the end of June.

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