Greg Abel Just Spent $23.5 Billion on 9 Stocks for Berkshire Hathaway. Here's the Best of the Bunch.

Berkshire Hathaway officially handed control to CEO Greg Abel at the start of the year, though Warren Buffett still chairs the company and heavily influences capital allocation. Abel oversees Berkshire’s broad portfolio and operating businesses, while Buffett remains the “decider,” according to a recent interview. Berkshire spent about $23.5 billion from its cash pile on nine publicly traded U.S. companies in the last quarter, according to filings and earnings disclosures. The 13-F update added positions in Alphabet, Macy’s, Delta Air Lines, Lennar, New York Times, and D.R. Horton, with D.R. Horton described as a new stake. Berkshire also disclosed earlier purchases of Japanese firms Mitsubishi, Marubeni, and Sumitomo.