Berkshire pads Delta, Alphabet stakes as Abel taps cash pile

Berkshire Hathaway Inc. increased its holdings in Delta Air Lines Inc. and Google parent Alphabet Inc. as Greg Abel began tapping into the company’s massive cash hoard. 

In Abel’s second full quarter since succeeding Chairman Warren Buffett as chief executive officer, Berkshire added 17.5 million Delta shares, lifting the value of its stake to $5.37 billion at the end of June, according to a filing Friday. Alphabet is now the conglomerate’s third-biggest holding, worth $37.8 billion at midyear, after Abel added 48.1 million shares.

Berkshire also spent about $4.5 billion to repurchase its........

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