Berkshire Hathaway's vice chairman, Greg Abel, has been on an investment spree this year, according to analysts. So far, he has spent a total of $13.5 billion on acquiring a diverse portfolio of stocks beyond Alphabet, the parent company of Google.
The exact details of the transactions are not publicly disclosed, but analysts say this significant investment in various sectors is a strategic move by Berkshire Hathaway to expand its holdings and diversify its portfolio.
Analysts note that this is a departure from Berkshire Hathaway's traditional investment style, where the company has historically focused on acquiring stakes in well-established companies like Coca-Cola and American Express.