BUFFETT CLAIMED CREDIT
Berkshire bought $23.5 billion and sold $3.7 billion of stocks in the second quarter, ending a 14-quarter stretch when it sold more stocks than it bought. Chief Executive Greg Abel has begun reducing the enormous cash pile that his predecessor Warren Buffett left him when the legendary investor stepped down at year end. Berkshire's cash stake fell to $364.7 billion on June 30 from $380.2 billion on March 31, a decline also reflecting $4.5 billion of stock buybacks. Buffett remains Berkshire's chairman. He told CNBC last month it was his idea to invest in Alphabet, a stake Berkshire began building in last year's third quarter. Buffett also said he and Abel consult on how Omaha, Nebraska-based Berkshire allocates capital.## SEVERAL TWEAKS
The Delta investment grew 44% in the second quarter to 57.3 million shares worth nearly $5.4 billion, while the Macy's investment more than doubled to about 7.3 million shares worth $173 million. Berkshire also bought more shares of home builder Lennar and disclosed a tiny - $580,000 - stake in another home builder, D.R. Horton. It reduced its holdings in Ally Financial, Bank of America, Capital One, kidney dialysis provider DaVita, grocer Kroger and steel maker Nucor. Abel said in February he oversaw 94% of Berkshire's stock holdings, while investment manager Ted Weschler handled 6%. Friday's filing does not say who bought and sold which stocks. Berkshire also owns dozens of businesses including the BNSF railroad, Geico car insurance, energy and manufacturing companies and retail brands such as Brooks, Dairy Queen, Fruit of the Loom and See's.(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
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